• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

NEW DELHI: Punjab Tractors Ltd, on Wednesday, said its net profit in the first quarter of the fiscal rose more than sevenfold to Rs 70 crore owing to a one-time gain from the sale of a stake in subsidiary company Swaraj Mazda.

The company's profit was boosted by profit of Rs 61.3 crore from the sale of a 15-per cent stake in Swaraj Mazda Ltd to Sumitomo Corp of Japan.

Meanwhile, total revenue jumped almost 50 per cent to Rs 299.3 crore in the quarter from Rs 200 crore in the same period last year. The stock closed at Rs 183.20, up by 2.09 per cent over the previous day's closing on the BSE.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ACC net rises 72% in Q1; capex at Rs 600 cr
Accounting year to be Jan-Dec

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line