Total revenue for the period has moved to Rs 316.7 crore from last year corresponding period level of Rs 173.9 crore, with an increase of 82 per cent.
"Company's continuous focus on increasing retail sales, rationalizing trade stocks and enhanced retail financial support by Mahindra and Mahindra Financial Service Ltd helped in achieving this performance," said Anjani Kumar Choudhari, chairman, Punjab Tractors and president, Farm Equipment sector, Mahindra and Mahindra Ltd.
A press release said during the April-June 2008 period, aggregate domestic tractor industry has grown by 13 per cent reaching 85,000 tractors.
PTL registered a growth of 77 per cent with tractor billing for the first quarter reaching 8,954 tractors compared to 5065 tractors billed during the corresponding quarter of last year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app