31Mar/090
Eicher Motors Q3 profit down 35%
Eicher Motors Ltd. has reported a decline of 35% in its net profit for the October-December quarter in the current financial year. The company's profit after tax for the period stood at Rs 11.65 crore, as against Rs 15.76 crore in the corresponding period last year.
The company's net income in Q3 was Rs 78.04 crore, compared to Rs 547.75 crore in the year-ago period - a decline of 85%. Going ahead with its earlier announcement, Eicher Motors will soon be merged with its sister concern, Eicher Goodearth Investments Ltd. (EGIL).
[Via: indiaautomotive]