"Our healthy performance was powered by a 23.2 per cent growth in total revenue for period which reached Rs 454.50 crore (Rs 368.90 crore)," said Yash Mahajan, the company's vice chairman and managing director. This encouraging performance relates to the working in the second quarter dominated by excessive rains and coinciding the the traditional lean season for tractor industry.

The cash profit for the period has jumped to Rs 88.80 crore from corresponding last year level of Rs 62.97 crore for a margin of 19.5 per cent (last year 17.1 per cent), profit before tax has risen 40 per cent reaching Rs 82.00 crore (Rs 58.40 crore). Taxation amounted to Rs 23.30 crore (Rs 17.20 crore).