Cummins India net up to Rs 181 cr

Diesel engines manufacturer Cummins India Ltd's net profit grew by 2.3 per cent to Rs 181 crore during the quarter ended June 30 against Rs 177.17 crore posted over the same period last year. The company revenues rose by 21 per cent to 1241 crore during June quarter against Rs 1021 crore in the same period last year, the company said in a statement to Bombay Stock Exchange. Commenting on results, Anant J. Talaulicar, chairman and managing director, Cummins India Limited said, “The sales increases were driven largely by domestic power generation demand as well as exports which reached an all time high this quarter.  Margins improved over the previous quarter despite continued input cost increases mainly due to volume leverage, favourable exchange trends, and our continued focus on improving efficiencies.  The Company is well positioned to manage the market volatilities. "