Net profit for diesel and gas engines manufacturer Cummins India Ltd during Q3 FY12 remained virtually flat at Rs 141 crore, a rise of a little over one per cent over that in the same quarter of FY11.
Net sales for the quarter under review were Rs 971 crore, against Rs 958 crore in Q3 FY11, showing a similar rise of a little over one per cent.
The company has declared an interim dividend of Rs 5 per equity share.
Mr Anant J. Talaulicar, Chairman & Managing Director, Cummins India Ltd, said, “The company recorded growth in this quarter over the same period last year, but declined from the preceding quarter, largely due to softness in the power generation segment and some reductions in the auto segment.
“Profits in the quarter have been positively impacted by better realisations on exports and an improved product mix. Inflation, however, continued to be a reason for concern, although we were successful in partially offsetting these cost escalations,” he said.