Consolidated revenue for the quarter grew 18.5 percent year-on-year (YoY) to Rs 2,528 crore.
Eicher Motors Wednesday reported a consolidated net profit of Rs 461.5 core for the fourth quarter of FY18, roughly similar compared to the same quarter last year as a loss in a joint venture eroded margins. Net profit in Q4FY17 was Rs 459.44 crore.
Consolidated revenue for the quarter grew 18.5 percent year-on-year (YoY) was Rs 2,528 crore. Consolidated revenue for the corresponding quarter last year was Rs 2,132.54.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew 39.1 percent to Rs 797.2 crore with EBITDA margin at 31.5 percent, a growth of 100 basis points YoY.
The company recorded a loss of Rs 187 crore on account of share of loss in a joint venture with Polaris. Eicher Polaris manufactured and sold the Multix, a personal utility vehicle purpose-built for independent businessmen.
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As of December 31, 2017, Eicher Motors had invested Rs 289.50 crore in EPPL. During the year ended March 31, 2017, EPPL's net loss amounted to Rs 91.83 crore, 50 percent of which was consolidated with the profit after tax of Eicher Motors.
A Reuters poll estimated profit of Rs 634 crore on sales at Rs 2,570 crore.
Other income of the Delhi-based truck, bus, and bike maker was Rs 84.95 crore, compared to Rs 55.06 crore in the same quarter last year.
Royal Enfield, the bike making a brand of Eicher, saw 27 percent rise in volumes during the quarter to 227,042 units as against 178,228 units clocked in the same quarter in FY17. VE Commercial Vehicles, the joint venture company of Eicher Motors and Volvo Group clocked 32 percent rise in volumes to 23,094 units as compared to 17,445 units sold in the same quarter in FY17.
The board recommended a dividend of Rs. 110 per equity share (face value of Rs 10 each) for the financial year ended March 31, 2018.