Punjab Tractors net down 13% - Views on News from Equitymaster

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Punjab Tractors net down 13%

Oct 31, 2000

Punjab Tractors has posted a 7% rise in sales for the second quarter ended 30th September to Rs 2,465 m. However, competition and rising cost has put pressure on margins, which has declined from 15.4% in 2QFY00 to 12.5% in 2QFY01.

(Rs m) 2QFY00 2QFY01 Change
Sales 2,302 2,465 7.1%
Other Income 73 9 -87.7%
Profit after Tax/(Loss) 355 309 -13.0%
Net profit margin (%) 15.4% 12.5%  
No. of Shares (eoy) (m) 20.3 40.5  
Diluted number of shares 40.5 40.5  
Earnings per share* 8.8 7.6  
(annualised) - -  
P/E - 20.7  

Despite slowdown in the industry continuing in the second quarter of current fiscal (July-Sep 2000), Swaraj tractor sales registered an 4% growth to 11,638. This growth has been accompanied by an improvement in market share for the quarter to 18.7% from 17.7% posted for the second quarter of 1999.

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