Thursday, August 4, 2011

Cummins India Q1 net profit up 26.4% at Rs 177 cr

Cummins India has reported a net profit of Rs 177 crore in the first quarter of FY12, a rise of 26.4% as compared to Rs 140 crore in the corresponding quarter last fiscal.

It has exceptional gain of Rs 51 crore in the April-June quarter of 2011.

Net sales went up over 10% to Rs 1,022 crore from Rs 928 crore year-on-year.
Cummins India has approved bonus issue in the ratio of 2:5 (i.e. two shares for every five shares held)

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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