Engine manufacturer Cummins India today said its net profit rose by 26.34% to Rs 177.17 crore for the quarter ended June 30, 2011, over the same period last fiscal.
The company had posted a net profit of Rs 140.23 crore for the quarter ended June 30, 2010, Cummins India said in a filing to the Bombay Stock Exchange (BSE).
Net sales of the company stood at Rs 1,021.93 crore for the quarter ended June 30, 2011, as against Rs 910.01 crore for the corresponding period in the previous fiscal.
The company's board has recommended "issue of bonus shares in the proportion of two bonus equity shares of Rs 2 each for every five existing equity shares of Rs 2 each, fully paid up by capitalisation of reserves of the company," Cummins India said in a separate filing on the BSE.
Shares of Cummins India were today trading at Rs 609.90 in the afternoon trade on the BSE, down 0.07% from its previous close.
