CONTACT: Gitanjali Sabikhi
+91 9820211064 gitanjali.sabikhi@bm.com
Net sales of the Company for the quarter ended March 31, 2014 at Rs. 956 crores, represented a drop of 15% as compared to the same period last year, and a drop of 4% over the preceding quarter. Net profit before tax (excluding exceptional items and sale of investments) at Rs. 187 crores represented a 13% decline as compared to the same period last year, and 10% decline as compared to the preceding quarter.
For the year ended March 31, 2014, net sales of the Company were Rs. 3,899 crores, a drop of 14% over the last year. Net profit before tax (excluding exceptional items and sale of investments) was Rs.818 crores, representing a 13% decrease over the last year.
Even as the macro-economic conditions remain challenging in the short and medium term, we are confident about our long-term growth prospects based on our market leadership, technology strength, customer support and people talent."
About Cummins India Limited
Cummins India Limited, headquartered in Pune since 1962, is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and
automotive markets.
Cummins in India, a power leader, is a group of complementary business units that design,
manufacture, distribute and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high performance outlook is based on customer focus, integrity and capability of its people. Part of the US $17 billion Cummins Inc., Cummins in India is a Group of eight legal entities across 200 locations in the country with a combined turnover of Rs. 9,834 crores in
2013 and employing close to 9,000 individuals.
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