June 25: Eicher Motors Ltd today said net profit for the fiscal ended March 31, 2005 jumped 75 per cent to Rs 58.85 crore and declared a dividend of 40 per cent.

Gross sales for the company were up 41 per cent to Rs 2,211.5 crore against Rs 1,564.7 crore in the previous year.

The company sold 23,004 commercial vehicles during the year, representing a growth of 45 per cent, while sales of tractors saw a 13 per cent increase at 19,003 units. Automotive component business of the company saw a 31 per cent growth and gross sales crossed Rs 100 crore, the company said.

India Cements

India Cements has posted a net profit of Rs 4.58 crore for the fiscal ended March 31, 2005 compared with a net loss of Rs 95.93 crore in the previous fiscal. Total income during the reporting fiscal has increased to Rs 1,179.05 crore from Rs 1,020.88 crore in 2003-04.

In the fourth quarter ended March 31, the company has posted a net profit of Rs 73.72 crore compared with a net loss of Rs 27.46 crore while total income has increased to Rs 336.15 crore from Rs 292.57 crore in 2003-04.