As per the reports the commercial vehicle and Royal Enfield motorcycles manufacturer “Eicher Motors” announced its 4th quarter results. The company’s total revenue from operations in Q4FY24 increased 11.87% to ₹4,256.04 crore from ₹3,804.32 crore, on a year-on-year basis. Company has reported a consolidated net profit of ₹1,070.45 crore for the fourth quarter of FY24, recording an 18.2% rise from ₹905.58 crore in the year-ago quarter.
During the quarter, Royal Enfield recorded sales of 227,925 motorcycles, up by 6.17 percent from 214,685 motorcycles sold during the same period in FY 2022-23. Also the board of directors of Eicher Motors recommended a final dividend of ₹51 per equity share of face value of Re 1 each for the financial year ended March 31, 2024, subject to the approval of the shareholders.
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