Driven by a 60% growth in number of units sold in the January-March quarter, Royal Enfield, an arm of Eicher Motors Limited, has reported a 68.3% growth in its net profit for the quarter ended March 2016 to R359.30 crore as compared to R213.50 crore in the same quarter last fiscal.
The income from operations during the quarter increased by 61% to Rs 1,545 crore as against Rs 961.20 crore in the same quarter last fiscal.
For the 12-month period (April 2015 to March 2016), the net profit grew 66% to Rs 1,016.40 crore as against Rs 611.80 crore in the previous 12 months. The income from operations grew 55.7% to Rs 5,227 crore as against Rs 3,357 crore in the previous fiscal. For Q4, the company sold 148,185 units as compared to 92,845 units (60% growth) and for the full year, the company sold 508,099 units as compared to 331,169 units sold in the previous 12 months, registering a growth of 53.42%.