Eicher Motors Limited Reports Earnings Results for the First Quarter Ended June 30, 2022
August 10, 2022 at 06:30 am EDT
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Eicher Motors Limited reported earnings results for the first quarter ended June 30, 2022. For the first quarter, the company reported sales was INR 33,258 million compared to INR 19,428.4 million a year ago. Revenue was INR 34,461.2 million compared to INR 20,963.2 million a year ago. Net income was INR 6,106.6 million compared to INR 2,371.3 million a year ago. Basic earnings per share from continuing operations was INR 22.33 compared to INR 8.67 a year ago. Diluted earnings per share from continuing operations was INR 22.3 compared to INR 8.66 a year ago.
Eicher Motors Limited is an India-based multinational automobile company. The Company is engaged in the manufacturing and selling of motorcycles, spare parts and related services. The Company primarily operates in the automotive segment. The automotive segment includes all activities related to development, design, manufacture, assembly and sale of two-wheelers as well as sale of related parts and accessories. Its flagship brand Royal Enfield, which is engaged in motorcycle business. Royal Enfield's motorcycle products include Interceptor 650, Continental GT 650, Classic, Bullet and Himalayan. Royal Enfield's portfolio also includes apparels and motorcycle accessories, including protective riding apparel, riding accessories, protective seats, bodywork, controls, wheels, luggage and engine. Its commercial vehicle business is led by VE Commercial Vehicles. Its joint venture with AB Volvo, VE Commercial Vehicles Limited (VECV), includes a range of Eicher branded trucks and buses.
EICHER MOTORS LIMITED 
