It had posted a PAT of Rs 834.47 crore during the same

period a year ago.

The total income from operations during the third quarter rose to Rs 11,777.98 crore, up 1.47 per cent from Rs 11,607.35 crore earlier.

Goenka said that the auto industry was adversely impacted in the third quarter due to demonetisation with all the segments of the industry showing significant drop in demand in the months of November and December 2016.

This was in contrast to the overall positive sentiment and demand that prevailed in the period April to October.

He pointed out that the auto industry may see signs of recovery in February-March period.

Tractor sector may see 8-10 per cent growth in Q4 FY 17 and 16-17 per cent growth in FY 17 as compared to 20 per cent last year, he added.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)