Cummins India Q4 net up 57%

Cummins India has posted a 57% jump in its net profit at Rs 46.40 crore for the quarter ended March 31, 2005 as compared to Rs 29.57 crore in the corresponding quarter of last fiscal. Total income has increased from Rs 294.27 crore in Q4-04 to Rs 336.77 crore for the quarter ended March 31, 2005.

The company has registered a net profit of Rs 137.22 crore for the year ended March 31, 2005 - a 26% gain over the last year's Rs 109.27 crore. Total revenue has increased from Rs 1,009.09 crore in FY-04 to Rs 1,271.47 crore for the year ended March 31, 2005.

The company's group profit has reported a 38% jump to Rs 133.42 crore for the year ended March 31, 2005 as compared to Rs 96.68 crore in FY04. Total income has increased from Rs 1,239.09 crore in FY-04 to Rs 1.538.28 crore for the year ended March 31, 2005.

According to a Cummins India release issued to the BSE, the company board has recommended a final dividend of 200% for the year ended March 31, 2005.

The board has also approved the de-merger of the services business of Cummins Auto Services (CASL) with Cummins Diesel Sales & Services (India) (CDS&S) - a 100% subsidiary of the company, to optimize synergies in the after market operations.