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Cummins India Ltd has reported a net profit of Rs 202 crore in Q2 FY15 compared with Rs 144 crore in the same period last year primarily due to higher exports.This translates into a rise of 40 per cent year-on-year.
Net sales of the company for the two quarters being compared stood at Rs 1,117 crore and Rs 914 crore, respectively, showing a rise of 22 per cent.
Export sales for the quarter were at record high levels of Rs 484 crore.
Anant J Talulicar, Chairman & Managing Director, Cummins India, said, “The business sentiment in the country has improved and so is our optimism about economic growth based on the strong intent of the new government to put the economy back on the growth track. We have not experienced any resurgence in domestic demand yet. However, economic reforms aimed at making India a manufacturing hub, tax reforms and infrastructure investments will allow Cummins in India to grow by providing innovative power solutions and dependable services.”
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