Cummins India Limited Reports Earnings Results for the Second Quarter Ended September 30, 2019
October 24, 2019 at 03:38 am EDT
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Cummins India Limited announced earnings results for the second quarter ended September 30, 2019. For the second quarter, the company announced total revenue was INR 13,854.300 million compared to INR 15,556.300 million a year ago. Net income was INR 1,829.300 million compared to INR 2,046.500 million a year ago. Basic earnings per share was INR 6.6 compared to INR 7.38 a year ago. For the half year, total revenue was INR 28,001.900 million compared to INR 29,454.700 million a year ago. Net income was INR 3,354.900 million compared to INR 3,888.000 million a year ago. Basic earnings per share was INR 12.1 compared to INR 14.03 a year ago.
Cummins India Limited is an India-based manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. The Company's business units include engine, power systems and distribution. Its engine business manufactures engines from 60 horsepower (HP) for low, medium and heavy-duty on-highway commercial vehicle markets and off-highway commercial equipment industry spanning construction and compressor. Its power systems business designs and manufactures horsepower engines from 700 HP to 4500 HP for marine, railways, defense and mining applications as well as power generation systems comprising of integrated generator sets in the range of 7.5 kilovolt amperes (kVA) to 3750 kVA including transfer switches, paralleling switchgear and controls for use in standby, prime and continuous rated systems. Its distribution business provides products, packages, services and solutions for uptime of its equipment. Its digital products include Acumen, Incal and Inline.