Auto maker Eicher Motors reported an increase of 41.13% in its net profit to INR 38.67 crore for the quarter ended September 30th 2010. The company had recorded a net profit of INR 27.40 crore in the same period last fiscal.

The company recorded net sales of INR 1,091.64 crore for the current quarter against INR 855.80 crore in the same period last fiscal. Net profit of the company for the nine months ended September 30 this year was INR 134.06 crore as against INR 63.02 crore in the corresponding period last fiscal.

Net sales of the company for nine months ended September 30, this year was INR 3162.01 crore as against INR 2065.17 crore in the corresponding period last year.

Mr Siddhartha Lal MD and CEO of Eicher Motors said that “Overall sales of Eicher during first 9 months are 28,169 vehicles as against 17,043 vehicles during the same period last year with a growth of 65.3%.”

(Sourced from BL)