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Cummins India Jan-March Net INR1.45 Billion Vs INR1.44 Billion

MUMBAI -(Dow Jones)- Cummins India Ltd. (500480.BY) Tuesday said its January-March net profit was almost flat from a year earlier, tracking weak sales growth. The local unit of U.S.-based Cummins Inc. (CMI) said it posted a net profit of INR1.45 billion in its fourth quarter, compared with INR1.44 billion a year earlier. Sales grew 1% to INR10.21 billion. Chairman Anant J. Talaulicar attributed the numbers to lower demand, especially for bigger machine parts. Cummins makes and sells diesel and natural gas engines primarily for the automotive and power generation industries. India's vehicle market has slowed down due to inflationary pressures, high fuel prices and rising interest rates. A shortage of coal in the country has hurt the growth of the power sector, forcing companies to delay equipment orders. Pune-based Cummins spent INR6.44 billion on raw materials during the quarter, up 6% on year. Finance costs more than doubled to INR21.1 million The company posted a net profit of INR5.91 billion for the full year ended March 31, up from INR5.90 billion in the previous year. -By Anirban Chowdhury, Dow Jones Newswires; 91-22-61456108; [email protected] Order free Annual Report for CUMMINS INDIA LTD Visit http://djnweurope.ar.wilink.com/?ticker=INE298A01020 or call +44 (0)208 391 6028 Order free Annual Report for Cummins, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US2310211063 or call +44 (0)208 391 6028

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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