Thursday, 17 October, 2019

Eicher Motors net at Rs 1712 cr, dividend proposed Rs 110

Eicher Motors Announces Rs 110 Dividend Per Share Q4 Net Profit Flat At Rs 461 Crore Eicher Motors net at Rs 1712 cr, dividend proposed Rs 110
Russell Knight | 10 May, 2018, 11:58

"The board of directors recommended a final dividend aggregating Rs 299.81 crore at Rs 110 per share for the financial year 2017-18, while the final dividend paid for previous year was Rs 272.22 crore at Rs 100 per share", said Siddhartha Lal, managing director of Eicher Motors.

Gurgaon-based Eicher Motors Ltd (EML), which reported a consolidated net profit of Rs 462 crore for the quarter ending March, has announced plans to invest Rs 1,300 in its motorcycle and commercial vehicle (CV) business during the current fiscal.

For the year end FY18, Eicher recorded consolidated earnings of Rs 1,959.70 crore higher by 17.55% compared to Rs 1,667.08 crore in previous fiscal FY17.

The company's profit after tax from continuing operations stood at Rs 649 crore for the fourth quarter, up 38 per cent, from Rs 470 crore a year ago. However, Q4FY18 net profit declined by 11.33% from Rs 520.5 crore of preceding quarter.

At least 12 killed as thunderstorm lashes Uttar Pradesh
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The stock price of Eicher was trading on higher note since the start of Wednesday's trading session, however, the company gave away gains after result announcement. It expects Royal Enfield motorcycles volume compound annual growth rate (CAGR) for FY18-20 at 15 per cent, which should drive EPS CAGR of 23 per cent. We have seen very good traction for Royal Enfield bikes in these markets. According to Moneycontrol, having an assembly plant in South East Asia will help the company bag a bigger share of the global two million mid-segment bike market.

"Towards driving modernisation in the CV industry, VECV will be investing Rs 500 crore in 2018-19 in all areas of its business".

Eicher Polaris Pvt Ltd (EPPL)'s Board took the decision in March to shut the company with immediate effect as the business failed to take off after getting incorporated in 2012. "If it works, we could have something in Vietnam too", added Lal. That's a dividend of 1,100 per cent.

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