Eicher Motors Q4 Results: A Stellar Performance with a Generous Dividend
May 11, 2023
Eicher Motors
/ News
Eicher Motors, the maker of Royal Enfield motorcycles and Volvo Eicher commercial vehicles, has announced its Q4 results for FY23 and they are impressive. The company has reported a 48% jump in its consolidated net profit at Rs 905 crore for the quarter, compared with Rs 610 crore in the same quarter last year. The company has also declared a final dividend of Rs 37 per equity share of face value of Re 1 for FY23, which is a whopping 3700% dividend payout ratio. The dividend will be paid within 30 days from the date of shareholders’ approval. Revenue and Sales The company's revenue for the quarter was Rs 3,804 crore, up 19% year-on-year (YoY), driven by strong sales of both Royal Enfield and Volvo Eicher. Royal Enfield recorded sales of 214,685 motorcycles in Q4, up 17.9% from 182,125 motorcycles sold in the same period in FY22. The company also achieved a milestone of crossing 1 lakh export shipments for the first time in FY23, reflecting its growing global presence an...