PTL announces 250 per cent dividend

According to company sources, this was achieved on the basis of good volume performance in tractors which rose by 19.6 per cent and harvester combines which recorded a hike of 45.8 per cent. Swaraj tractor has also raised its market share to 18.4 per cent against 15.9 per cent in 1997-98.

The company has sown a cash profit of Rs 190.5 crore which has increased by 33 per cent over previous year and a profit before tax of Rs 176.8 crore. In a press statement the company Managing Director, Yash Mahajan stated that while they recorded a hike in tractor volumes by 19.6 per cent, the tractor market grew by only three per cent.