Info-tech

Cummins India Q2 net up 26%

Alka Kshirsagar Pune | Updated on November 09, 2012 Published on November 09, 2012

Engines maker Cummins India Ltd has posted a net profit of Rs 161 crore during the second quarter ended September 30, 2012 versus Rs 128 crore in the same quarter of the previous fiscal. This represents a growth of 26 per cent year-on-year.

Income from operations stood at Rs 1,068 crore (Rs 1,067 crore).

Anant J. Talaulicar, Chairman & Managing Director, said: “Exports declined 28 per cent sequentially due to slowing down of global demand, and domestic sales dropped 7 per cent primarily due to a slowdown in the power generation market.”

He added that the margins improved by 3.6 points over the same quarter last year primarily on account of favourable mix and cost reduction.

Published on November 09, 2012
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