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Cummins India Ltd has posted a net profit of Rs 142 crore for the quarter ended March 31, 2014 as compared to Rs. 189 crore for the corresponding quarter of FY’13, representing a decline of 25% year on year.
Income from operations in the fourth quarter stood at Rs 932 crore as compared to Rs 1,154 crore, showing a decline of approximately 20%.
The Board has recommended final dividend of Rs 8 per share of face value Rs 2 each for the year. This is in addition to the interim dividend of Rs 5 per share declared in February 2014. The dividend warrants (subject to approval of shareholders at the AGM scheduled on August 1, 2014) will be dispatched by August 26 and the final dividend will be paid on August 28, Cummins said in a filing to the BSE.
For the fiscal year 2014, Cummins’ net profit stood at Rs 600 crore versus Rs 764 crore in FY’13. Income from operations during the financial year ending March 31, 2014 decreased by 13% to stand at Rs 3,997 against Rs 4,589 crore last year.
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