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MOTORINDIA
l
June 2012
Cummins India’s
excellent show
Cummins India Ltd.’s net sales for the quarter ended
March 31, 2012, were Rs. 1,021 crores, an increase of
1.1 per cent over the same period last year and 8.4 per
cent over the preceding quarter. Net profit before tax at
Rs. 205 crores represented a 4.3 per cent increase over
the same period last year and 5.3 per cent over
the preceding quarter.
For the year ended March 31, 2012, net
sales of the company were Rs. 4,052
crores, an increase of 2.6 per cent
over last year. Net profit before
tax was Rs. 825 crores (in-
cluding extraordinary
income of Rs. 51
crores), rep-
resenting a 2.8 per cent increase over last year.
Mr. Anant J. Talaulicar, Chairman & Managing Di-
rector, Cummins India Ltd., observed: “The company
has reported solid performance for the year ended
March 31, 2012, despite adverse market conditions,
on the back of strong customer relationships, technol-
ogy leadership and service support. The drop in percent
margins for the year is largely due to an adverse mix
with a faster growth in smaller product as compared to
larger product, aside from increasing inflation. Our con-
tinued focus on driving efficiencies and reducing cost
has helped mitigate these adverse impacts to a great ex-
tent. While the demand environment has slowed down,
we remain confident about our profitable growth pros-
pects. The company is well positioned to sustain its
market competitiveness and long-term profitable
growth with investments in new technologies,
customer service capabilities and capac-
ity expansions, particularly at our
Megasite at Phaltan”.
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component zone
Mr. Anant J. Talaulicar
Chairman & Managing Director, Cummins India Ltd.