Eicher Motors Q4 net increases 32 per cent to Rs 96 crore

Eicher Motors on Wednesday posted a 32.35 per cent rise in consolidated net profit at Rs 96.25 crore for the fourth quarter that ended in December 2013.

The company, which follows January-December fiscal cycle, had registered a net profit of Rs 72.72 crore for the corresponding period of the previous financial year.

Consolidated net sales of the company rose to Rs 1,663.96 crore for the fourth quarter, compared to Rs 1,630.49 crore reported for the corresponding period a year ago, the company said in a filing to the BSE.

Eicher Motors' board, which met on Wednesday, recommended 300 per cent dividend on the equity share capital (Rs 30 per share), subject to the approval of shareholders.

For the year ended December 31, 2013, the company posted a consolidated net profit of Rs 393.94 crore, compared to Rs 324.26 crore during the previous fiscal year.

Consolidated net sales of the company for the year ended December 31, 2013 rose to Rs 6,685.75 crore, as against Rs 6,329.94 crore in the previous fiscal year.

Shares in Eicher Motors, on Wednesday, ended at Rs 4,420.40 apiece on the BSE, down 0.25 per cent from the previous close.