Cummins India Q4 net declines 25% to Rs 142 crore

NEW DELHI: Engine maker Cummins India today reported a 24.79 per cent decline in its net profit at Rs 141.79 crore for the fourth quarter ended March 31, 2014.

The company had posted a net profit of Rs 188.54 crore during the same period of the previous fiscal.

Net sales of the company declined to Rs 956.01 crore for the fourth quarter as against Rs 1,128 crore in the same period of previous fiscal, Cummins India said in a filing to the BSE.

For the year ended March 31, 2014, the company posted a net profit of Rs 600.02 crore, as against Rs 764.11 crore in the 2012-13 fiscal.

Net sales of the company declined to Rs 3,899.91 crore for the year, as against Rs 4,509 crore in the previous fiscal.

The company's board, which met today, recommended a final dividend of Rs 8 per share on equity shares of Rs 2 each.

Cummins India shares today closed at Rs 600.85 apiece on the BSE, up 3.82 per cent from its previous close.