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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; anirban.chowdhury@dowjones.com

Stock News for Cummins (CMI)
DateTimeHeadline
11/30/201614:23:32Statement of Changes in Beneficial Ownership (4)
11/30/201614:22:27Statement of Changes in Beneficial Ownership (4)
11/28/201616:46:48Statement of Changes in Beneficial Ownership (4)
11/17/201616:17:21Current Report Filing (8-k)
11/14/201610:51:22Statement of Changes in Beneficial Ownership (4)
11/14/201610:49:12Statement of Changes in Beneficial Ownership (4)
11/08/201610:28:54Statement of Changes in Beneficial Ownership (4)
11/04/201603:03:00American Axle Agrees To Acquire Metaldyne -- WSJ
11/03/201614:53:00American Axle Reaches Deal for Metaldyne--3rd update
11/01/201612:58:11Quarterly Report (10-q)
11/01/201612:24:00Cummins Revenue Falls 9% as Demand Remains Weak
11/01/201607:37:50Current Report Filing (8-k)
11/01/201607:30:00Cummins Announces Third Quarter 2016 Results
10/19/201616:00:49Amended Annual Report of Employee Stock Plans (11-k/a)
10/17/201609:09:40Current Report Filing (8-k)
10/13/201616:05:00Cummins Westport Begins Production of ISL G Near Zero Natural...
10/13/201616:05:00Cummins Westport Begins Production of ISL G Near Zero Natural...
10/11/201614:20:00Cummins Inc. Declares Quarterly Common Stock Dividend
10/05/201609:23:00Cummins Rolls Out Game-Changing X15 Series Engines at the Jamestown...
09/01/201609:36:00Cummins and Peterbilt to Team Up on SuperTruck II

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