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14-Feb-2024

Eicher Motors

OPM jumped 305 bps


'For the quarter ending Dec 2023, consolidated Net sales (including other operating income) of Eicher Motors has increased 12.30% to Rs 4178.84 crore compared to quarter ended Dec 2022.  Operating profit margin has jumped from 23.04% to 26.09%, leading to 27.19% rise in operating profit to Rs 1,090.27 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 54.02% to 49.86%.   Purchase of finished goods cost rose from 3.12% to 3.35%.   Employee cost increased from 7.15% to 7.54%.   Other expenses rose from 12.09% to 12.70%.   

Other income rose 31.93% to Rs 253.73 crore.  PBIDT rose 28.05% to Rs 1344 crore.  Provision for interest rose 63.98% to Rs 12.43 crore.  

PBDT rose 27.79% to Rs 1331.57 crore.  Provision for depreciation rose 9.42% to Rs 147.54 crore.  

Profit before tax grew 30.52% to Rs 1,184.03 crore. &nb...



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