Diesel engines maker Cummins India Ltd has posted a net profit of Rs 144 crore in the fourth quarter of 2011, up 22 per cent year-on-year. Sales income in the comparable quarters was 30 per cent higher at Rs 1009.6 crore. The company's net profit during FY2011 stood at Rs 591 crore, a rise of 33 per cent over that in the previous fiscal. Income from operations at Rs 3,945.4 crore posted a growth of 39 per cent. The company's board has recommended a final dividend of Rs 8 a share of Rs 2 each (400 per cent) aggregating to Rs 15 (750 per cent) for the year ended March, 31 2011. Mr Anant J. Talaulicar, Chairman and Managing Director, said that the performance was on account of strong sales growth in key markets, capacity expansion and good customer relationships. “Margins have however been impacted as commodities and other input costs continued to escalate significantly. Our continued focus on improving efficiencies and reducing costs helped sustain profitable growth,” he said.

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