Cummins India Limited Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended Dec. 31, 2012; Declares Interim Dividend
January 31, 2013 at 08:17 am
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Cummins India Limited announced unaudited earnings results for the third quarter and nine months ended Dec. 31, 2012. For the quarter, the company reported net sales of INR 10,713.1 million, profit from operations before other income, finance costs and exceptional items of INR 1,968.4 million, profit from ordinary activities before tax of INR 3,096.2 million and net profit of INR 2,340.8 million or INR 8.44 per basic and diluted share compared to net sales of INR 9,421.7 million, profit from operations before other income, finance costs and exceptional items of INR 1,502.7 million, profit from ordinary activities before tax of INR 1,945.4 million and net profit of INR 1,409.6 million or INR 5.09 per basic and diluted share reported in the same period last year. Total income increased from INR 10,077.30 million for the quarter ended December 31, 2011 to INR 11,555.90 million for the quarter ended December 31, 2012.
For the nine months, the company reported net sales of INR 33,810.1 million, profit from operations before other income, finance costs and exceptional items of INR 6,061.5 million, profit from ordinary activities before tax of INR 7,886.0 million and net profit of INR 5,755.7 million or INR 20.76 per basic and diluted share compared to net sales of INR 30,308.9 million, profit from operations before other income, finance costs and exceptional items of INR 4,723.7 million, profit from ordinary activities before tax of INR 6,196.9 million and net profit of INR 4,457.0 million or INR 16.11 per basic and diluted share reported in the same period last year.
The Board of Directors of the company at their meeting held on January 31, 2013 has declared an interim dividend of INR 5 per equity share of INR 2 each fully paid up for the fiscal year 2013.
Cummins India Limited is an India-based manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. The Company's business units include engine, power systems and distribution. Its engine business manufactures engines from 60 horsepower (HP) for low, medium and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor. Its power systems business designs and manufactures horsepower engines from 700 HP to 4500 HP for marine, railways, defense and mining applications as well as power generation systems comprising of integrated generator sets in the range of 7.5 kilovolt amperes (kVA) to 3750 kVA including transfer switches, paralleling switchgear and controls for use in standby, prime and continuous rated systems. Its distribution business provides products, packages, services and solutions for uptime of its equipment. Its digital products include Acumen, Incal and Inline.