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157	157	= Financial Highlights =
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159		-For the quarter ended 31 December 2019, Eicher Motors’s total revenue from operations was at Rs. 2,371 crores, up by 1% as compared to Rs. 2,341 crores in the corresponding quarter of FY 2018-19; EBITDA was Rs. 592 crores, down 13% as compared to Rs. 680 crores in the same quarter of the previous financial year; Profit After Tax was Rs. 499 crores as compared to Rs. 533 crores during the same period last year. Royal Enfield sold 189,143 motorcycles in the quarter, a decline of 2% from 193,164 motorcycles sold over the same period in the last financial year.
	159	+For the quarter ended 31 December 2019, Eicher Motors’s total revenue from operations was at Rs. 2,371 crores, up by 1% as compared to Rs. 2,341 crores in the corresponding quarter of FY 2018-19; EBITDA was Rs. 592 crores, down 13% as compared to Rs. 680 crores in the same quarter of the previous financial year; Profit After Tax was Rs. 499 crores as compared to Rs. 533 crores during the same period last year. Royal Enfield sold 189,143 motorcycles in the quarter, a decline of 2% from 193,164 motorcycles sold over the same period in the last financial year.{{footnote}}https://www.eicher.in/uploads/1580992177_press-release-3Q-FY2019-20.pdf{{/footnote}}
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161		-[[https:~~/~~/www.eicher.in/uploads/1580992177_press-release-3Q-FY2019-20.pdf>>url:https://www.eicher.in/uploads/1580992177_press-release-3Q-FY2019-20.pdf]]
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163	163	Commenting on Eicher Motors’ performance, Siddhartha Lal, Managing Director of Eicher Motors Ltd, said, “We’ve remained focused on its long term strategy. Eicher Motors has improved its retail network to bring in further accessibility. We’ve worked on transitioning its product portfolio to comply with the new BS-VI emission norms and also launched the new Royal Enfield Himalayan BS-VI. The 650 Twin motorcycles continue to enthrall global audiences, as the Interceptor 650 has been awarded ‘Bike of the Year’ by Motorcycle Cruiser magazine and Continental GT 650 has received 2019 best looking Naked / Standard Motorcycle of the year from Motorcyclist Magazine, both leading publications in the USA. While the commercial vehicle industry continues to face challenges due to slowdown, VECV remained profitable despite a sharp decline in its volume.”
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166	166	Royal Enfield continues to strengthen its distribution network in India and across the world. During the last quarter, Royal Enfield added 7 new large format stores and 250 new Studio Format stores in India, taking the total to 1,400 retail touchpoints. In international markets, Royal Enfield added new stores across Thailand, Brazil, Argentina, France and the UK, increasing its overall touchpoints to about 675 stores including 67 exclusive stores. This network expansion, combined with sustained Brand and Marketing initiatives, have more than tripled sales outside India.
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169	169	For the quarter ended 31 December 2019, VECV’s revenue from operations was Rs. 2,164 crores, down by 23% from Rs. 2,818 crores in the same period last year; EBITDA was Rs. 133 crores, down 28% as compared to Rs 186 crores in the corresponding quarter of the previous year. Profit After Tax was Rs. 30 crores as compared to Rs. 76 crores during the same period last year. VECV sold 12,391 trucks and buses in the quarter, a decline of 27% from 16,936 trucks and buses sold over the same period in the last financial year.
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