Cummins India Q1 net down marginally at Rs 210 cr

Diesel engines manufacturer Cummins India today posted a marginal decline of 0.59% in its net profit to Rs 210.73 crore during the quarter ended June 30, 2015 against Rs 212 crore posted over the same period last year.

However, company's total income has grown up 25.75% to Rs 1,314.31 crore during the quarter as compared to Rs 1,045.14 crore in the same period last year, the company said in a statement to Bombay Stock Exchange.

Anant J Talaulicar, chairman & managing director, Cummins India said, "Our Power Generation business grew 23% over the previous quarter as we improved our market share. The Industrial business was flat quarter on quarter, but has grown 22% based on improving government led infrastructure investments."

Cummins is also planning its Phaltan plant expansion in the next two years depending upon the market conditions. Currently, it has eight units at Phaltan. It will add two more plants in near future. Its export has grown to 40% valued at Rs 100 crore which include small generators.

Cummins is setting up a global technology centre in Pune for their research and development projects which will accommodate over 2500 engineers. The company is investing around Rs 1,000 crore for this centre. This will cater to its global research and development projects across the world.