Punjab Tractors has posted a 50% jump in net profit to Rs 62.90 crore for the year ended March 31, 2005 as compared to Rs 42.02 crore for the year ended March 31, 2004. Total revenues has increased 43% from Rs 603.30 crore in FY-04 to Rs 863 crore for the year ended March 31, 2005.According to a release issued by Punjab Tractors to the BSE, the company has reported a 26% rise in its unaudited net profit to Rs 21.10 crore for the quarter ended March 31, 2005 as against Rs 16.72 crore in the same quarter last fiscal. Total revenues has increased from Rs 186.60 crore in Q4-04 to Rs 236 crore for the quarter ended March 31, 2005.The board of directors, subject to shareholders approval, has recommended a dividend of Rs 5.50 per share at the Annual General Meeting, the release said further.
