Punjab Tractors Oct-Dec net up on cost controls

Newswire

MUMBAI, Jan 22 (Reuters) - Punjab Tractors Ltd on Tuesday reported its October-December net profit rose, despite poor market conditions, helped by cost controls and product mix. The company said in a statement tractor sales in the quarter rose 8 percent to 9,032 units, while the overall market fell 5 percent, helping profit excluding extraordinary income grow by a third to 254 million rupees. Adjusted net profit was up just 3.2 percent. In the year-ago quarter, Punjab Tractors had an ...

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