Cummins India announced a sharp drop in standalone net profit for the quarter ended June 2016. During the quarter, the profit of the company declined 14.15% to Rs 1,801.90 million from Rs 2,099.00 million in the same quarter last year.
Revenues for the quarter declined marginally 3.90% to Rs 12,589.90 million, compared with Rs 13,100.60 million for the prior year period.
Operating margin for the quarter stood at 163.89 percent as compared to 169.24 percent for the previous year period. Operating Income for the quarter was Rs 20,634.00 million, compared with Rs 22172 million in the previous year period.
Earnings per share for the quarter stood at Rs 6.54, registering 14.17% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 16 | Jun - 15 | %Change |
Revenues | 12,589.90 | 13,100.60 | (3.90) |
Net Profit | 1,801.90 | 2,099.00 | (14.15) |
Diluted EPS | 6.54 | 7.62 | (14.17) |
Shares of the company gained Rs 13.9, or 1.68%, to settle at Rs 840.15. The total volume of shares traded was 47,146 at the BSE (Thursday).