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Thursday, Apr 28, 2005

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Punjab Tractors profit jumps

Our Bureau

NEW DELHI: Helped by the revival in the tractor market, Punjab Tractors Ltd saw its revenue jump by 28.4 per cent to Rs 235 crore in the fourth quarter of 2004-05 against Rs 183.84 crore in the previous year.

The net profit, despite pressure from rising input costs, grew by 26 per cent to Rs 21.1 crore in the quarter against Rs 16.7 crore. Expenditure on raw materials, however, increased to Rs 176.58 crore from Rs 136.89 crore.

For 2004-05, its net profit grew by 49.6 per cent to Rs 62.9 crore from Rs 42.02 crore the previous year. The total income grew by 43 per cent last fiscal to Rs 863 crore from Rs 603.3 crore in 2003-04.

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