BUSINESS

Eicher Motors sales up

Eicher Motors has reported gross sales of Rs. 172.4 crores during the third quarter of the current fiscal, an increase of 32 per cent compared to the third quarter of the previous fiscal. Net sales income during Q3 of the current fiscal at Rs. 154.1 crores was also higher by 29 per cent as compared to Rs. 119. 7 crores in Q3 last year. Net sales income for the first nine months of the current fiscal has grown by 39 per cent to Rs. 439.3 crores (Rs. 316.3 crores last year). The net profit after tax has grown by 78.5 per cent to Rs. 10.48 crores during the third quarter of the current fiscal compared to Rs. 5.87 crores. For the first nine months of the current fiscal, EML's net profit is Rs. 27.71 crores as against Rs. 13.14 crores in the first nine months of fiscal 2001-02. EML sold 3211 vehicles in the period October-December 2002 compared to 2,407 in the corresponding period last year, recording a growth of 33 per cent.

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