With strong topline and bottomline growth in the October-December 2011 quarter, Eicher Motors, country’s

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third largest commercial vehicle firm, has seen its consolidated annual turnover crossing Rs 5,000 crore during the calendar year 2011, while net profit rose by 63 per cent on the back of strong operating margins. For the year ended December 31, 2011, the company’s total consolidated income rose by 29 per cent at Rs 5,716 crore, as against Rs 4,421 crore in 2010, on the back of strong growth in vehicle sales. It’s operating profit saw a rise of 56 per cent at Rs 593 crore as against Rs 381 crore.

Net profit for the year 2011 stood at Rs 309 crore, when compared with Rs 189 crore, posting a rise of 63 per cent. The board has recommended a dividend of 160 per cent on equity shares of Rs 16 face value each. During the October-December 2011 quarter, total income stood at Rs 1,577 crore and net profit at Rs 85 crore, a growth of 27 per cent and 56 per cent respectively.

“2011 has been the best ever year for Eicher Motors with the highest revenue at Rs 5,716 crore and record operating profit at Rs 593 crore,” said Siddhartha Lal, managing director and CEO, Eicher Motors adding that “VE Commercial Vehicles (VECV) has had an excellent year with record topline and bottomline growth.

In 2011, VECV, commercial vehicle business division, posted a volume growth of 25 per cent, outpacing the industry growth of about 10 per cent and increasing its market share. The company’s heavy duty vehicle sales have gathered strong momentum and December month saw record monthly sales of over 1,100 units. Two wheeler division, Royal Enfield also recorded a volume growth of 42 per cent with at 74,626 units for 2011.