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Cummins India 3Q Net Profit Almost Flat At INR1.40 Billion

MUMBAI -(Dow Jones)- Cummins India Ltd. (500480.BY) said Thursday its net profit remained almost flat in the fiscal third quarter, weighed by lower demand in the auto and power generation industries. The local unit of Cummins Inc. (CMI) said its net profit rose to INR1.40 billion in the October-December quarter from INR1.39 billion a year earlier. Sales grew slightly more than 1% to INR9.71 billion. Raw-material cost reduced 9% to INR5.24 billion on year. It however didn't clarify whether a cut down in operations led to the cost decline. Cummins makes engines for commercial vehicles, especially of Tata Motors Ltd. with which it has a partnership. It also makes parts for power generators. The company plans to spend $500 million in a manufacturing facility in western India and INR10 billion ($202 million) on new products over the next few years. -By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108; [email protected]

Stock News for Cummins (CMI)
DateTimeHeadline
02/16/201709:56:22Initial Statement of Beneficial Ownership (3)
02/15/201716:27:13Current Report Filing (8-k)
02/14/201715:30:00Cummins Inc. Declares Quarterly Common Stock Dividend
02/14/201710:37:34Statement of Ownership (sc 13g)
02/13/201717:06:31Amended Statement of Ownership (sc 13g/a)
02/13/201716:40:45Amended Statement of Ownership (sc 13g/a)
02/13/201714:12:32Annual Report (10-k)
02/10/201717:19:21Schedule 13g
02/09/201712:15:13Amended Statement of Ownership (sc 13g/a)
02/09/201710:33:00Cummins Profit Rises, Helped by Cost Cuts
02/09/201707:42:57Current Report Filing (8-k)
02/09/201707:30:00Cummins Announces Fourth Quarter and Full Year 2016 Results
02/08/201708:00:00Allison Transmission and Cummins receive certification from California...
01/23/201714:23:23Amended Statement of Ownership (sc 13g/a)
01/13/201714:54:07Annual Statement of Changes in Beneficial Ownership (5)
01/13/201707:36:00カミンズは無効化装置を使用しておらず、排出基準の順守に傾倒
01/12/201721:47:00Cummins Inc. verwendet keine Abschalteinrichtungen und verpflichtet...
01/12/201721:47:00Cummins Inc. non utilizza alcun “defeat device” e si impegna per...
01/12/201720:37:00Cummins Inc. n'utilise pas de dispositif d'invalidation et s'engage...
01/12/201712:28:00Cummins Inc. Does Not Use Defeat Devices and Is Committed to...

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