Cummins India said a steep drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 24.80% to Rs 1,417.90 million from Rs 1,885.40 million in the same quarter last year.
Net sales for the quarter declined 15.82% to Rs 9,716.20 million, compared with Rs 11,542.80 million for the prior year period.
Earnings per share for the quarter stood at Rs 5.12, registering 24.71% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 9,716.20 | 11,542.80 | (15.82) |
| Net Profit | 1,417.90 | 1,885.40 | (24.80) |
| Basic EPS | 5.12 | 6.80 | (24.71) |
Shares of the company gained Rs 22.1, or 3.82%, to settle at Rs 600.85. The total volume of shares traded was 70,298 at the BSE (Thursday).
