Cummins Q4 net profit unchanged YoY at Rs 144 cr

Cummins India 's net profit remained unchanged year-on-year at Rs 144 crore for the fourth quarter of FY12 due to poor execution on the back of muted demand in domestic and export markets.

Total income too stayed unchanged at Rs 1,040 crore as against Rs 1,041 crore year-on-year.

Expenditure fell 2% YoY to Rs 857 crore.

EBITDA rose 9% to Rs 194 crore from Rs 178 crore year-on-year and operating profit margin improved at 18.64% versus 17.14% during the same period.

Cummins had decided to pay a dividend of Rs 6 a share.

The stock closed at Rs 448.30, up 4.23% after hitting an intraday high of Rs 449 and low of Rs 415.30.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd