Domestic sales stood at Rs 87.98 crore (Rs 75.51 crore), while exports stood at Rs 17.98 crore (Rs 14.81 crore). The overall sales climbed 17.3 per cent over the previous corresponding quarter.

Gross profit after interest but before depreciation and taxation stood at Rs 15.68 crore (Rs 12.34 crore). Depreciation was marginally higher at Rs 2.77 crore (Rs 2.72 crore). Tax has been provided to the extent of Rs 1.75 crore. The annualised earnings per share is Rs 43.70 (Rs 32.79).

For the nine months ended December 1999, sales amounted to Rs 325.83 crore 28.6 per cent higher than Rs 253.27 crore in the corresponding period in the previous year. Export sales were also higher at Rs 49.48 crore for the total nine month period against Rs 41.60 crore in the previous corresponding period.

Many segments of the industry, particularly the commercial vehicle segment have shown signs of recovery from recession causing an increase in domestic sales at Rs 276.35 crore (Rs 211.67 crore. Net profit increased by 55.7 per cent at Rs 34.48 crore from Rs 22.15 crore. The company's interest charges declined to Rs 10.45 crore as against rs 11.47 crore due to lower cost of borrowings. Gross profit on sales increased marginally at 18.3 per cent as against 17.5 per cent earlier.