Punjab Tractors robust Q4 earnings

Punjab Tractors posted 53.45% surge in net profit to Rs 26.67 crore on 30.09% rise in total income to Rs 287.28 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 271 and a low of Rs 255 so far during the day. The stock had a 52-week high of Rs 382.70 on 4 January 2008 and a 52-week low of Rs 183.15 on 8 November 2007.

The company’s current equity is Rs 60.76 crore. Face value per share is Rs 10.

The current price of Rs 260 discounts its Q3 December 2007 annualised EPS of Rs 16.72, by a PE multiple of 15.55.

However, Punjab Tractors’ net profit fell 16.43% to Rs 65.17 crore on 1.82% rise in total income to Rs 971.98 crore in the year ended March 2008 over the year ended March 2007.

The company is engaged in manufacturing, marketing and servicing of tractors. The products include agricultural tractors, self-propelled harvester combines, rice transplanters, forklifts, tractor drawn agricultural implements, gears, spare parts, casting and accessories.