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Engines maker Cummins India Ltd has posted flat growth in net profit for the quarter ended June 30, with PAT standing at Rs 181 crore against Rs 177 crore in the same period last year. Net sales stood at Rs 1,241 crore, an increase of 21 per cent year-on-year. Domestic sales grew nine per cent in the two comparable quarters, while exports grew 56 per cent. The company has declared a final dividend of Rs 6 a share of Rs 2 face value (300 per cent) at its 51st annual general meeting. This is in addition to the interim dividend of Rs 5 a share (250 per cent). Anant J. Talaulicar, Chairman & Managing Director, said, “Sales increases were driven largely by domestic power generation demand as well as exports which reached an all time high this quarter. Margins improved over the previous quarter despite continued input cost increases mainly due to volume leverage, favourable exchange trends, and our focus on improving efficiencies.”
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