₹3,255 crore for the quarter ended on March 31. The revenue of the company declined 35% year-on-year to ₹9,005 crore during the quarter under review.
The sales were affected due to the lower industry volumes in both automotive and tractor segments, transition to BS VI and the abrupt lockdown due to the COVID-19 situation, the company said in a release.
The board also recommended a dividend of ₹2.35 per share."While the overall services and manufacturing sectors are likely to see a slower recovery, the agriculture/farm equipment sector will be relatively less impacted," the company mentioned about the outlook.
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