The company's Q3 net profit increase by 52% to Rs 140 cr. The company had posted a net profit of Rs 92 cr in the corresponding quarter last year.
Total revenue increased by 38% to Rs 1680 cr, while it was Rs 1213 cr in the corresponding quarter last year.
- Tractor sales rise by 36% to 25743 units.
- Sales of construction equipment increase by 30% to 1413 units.
Currently the outlook for the sectors is not better. Maruti, Hero, Ashok, M&M are delivering lower margin and lower sales because of the slowdown on demand. However it's a very good performance but I am still catious for demand outlook for the next 2 quarters for this sector.