Wednesday, June 1, 2011

Cummins India Limited = FY 2011 AND Q4 FY 2011 RESULTS = BASIC EPS RS.29.85 FOR FY 11 ON FV OF RS.2 (FY 10 : RS.22.42)


Cummins India Limited

NSE Symbol        CUMMINSIND

Cummins India Limited has performed reasonably well in FY 11 and also in Q4 of FY 11.
·         Net Sales in FY 11 is Rs.3945.44 cr – up by a good 38.69% compared to FY 10.
·         The Q4 sales is Rs. 1009.56 cr – up by 5.34% from previous qtr of Q3 FY 11 and by 30.71% from corresponding Qtr of Q4 FY 10.
·         Total Expenditure in FY 11 is Rs.3318.60 cr – up by 41.01% from FY 10 (more than proportionate increase).   
·         The Q4 expenditure is Rs.873.37 cr – up by 6.25% from Q3 FY 11 and up by 37.08% from Q4 FY 10.
·         Profit from Operations for FY 11 is Rs.742.57 cr – up by 36.11% from FY 10.
·         The OPT for Q4 FY 11 is Rs.175.91% - up by 3.15% from Q3 FY 11 and up by 16.37% from Q4 FY 10.
·         Profit before tax for FY 11 is Rs.802.37 cr – up by 33.53% from FY 10.
·         The Q4 PBT is Rs.196.42 cr – up by 8.83% from Q3 FY 11 and up by  19.35% from Q4 FY 10.
·         Net Profit for FY 11 is Rs.590.99 cr – up by 36.21% from FY 10.
·         The Q4 NPT is Rs.143.97 cr – up by 3.65% from Q3 FY 11 and up by 21.69% from Q4 FY 10.
·         The Basic EPS for FY 11 is Rs.29.85 on a FACE Value of Rs.2, compared to Rs.22.42 in FY 10.
·         The Basic EPS for Q4 FY 11 is Rs.7.27, compared to Rs.7.02 in Q3 FY 11; Rs.8.48 in Q2 FY 11; Rs.7.08 in Q1 FY 11; and Rs.5.98 in Q4 FY 10.
·         The Sales and profitability of Cummins are thus growing gradually.
·         Current MP is Rs.690. At the current EPS of Rs.30, the PE Ratio works out to 23. In a normal market, Cummins can offer good appreciation for medium to long term investors.
RESULTS TABLE :

FY 11
Q4FY11
Q3FY11
Q2FY11
Q1FY11
Q4FY10
Net Sales
394544
284487
100956
95835
106752
91001
77237
Other oprtg Income
11573
5416
3972
3417
2391
1793
1592
Increase in SIT/WIP
-4828
1970
-3670
29
3645
-4832
286
Raw Materials
240404
173212
63348
57836
62241
59436
46994
Traded goods
22459
10334
8144
5802
3398
2658
3058
Employees Cost
25463
19527
7014
6432
6722
5295
5093
Depreciation
3664
3608
894
910
929
931
976
Other Expenditure
44698
26696
11607
11189
11413
10489
7306
Total Expenditure
331860
235347
87337
82198
88348
73977
63713
Profit from Operations
74257
54556
17591
17054
20795
18817
15116
Other Income
6170
5740
2128
1026
2051
965
1376
Interest
190
205
77
31
41
41
34
Profit before tax
80237
60091
19642
18049
22805
19741
16458
Tax Expense
21138
16704
5245
4159
6016
5718
4627
Net Profit
59099
43387
14397
13890
16789
14023
11831
Dividend (%)
-
300
400
-
-
-
300
Face Value (in Rs.)
2
2
2
2
2
2
2
Paid-up Equity
3960
3960
3960
3960
3960
3960
3960
Reserves
176606
152140
-
-
-
-
-
Basic EPS(in Rs.)
29.85
22.42
7.27
7.02
8.48
7.08
5.98
Public Holding (%)
49
49
49
49
49
49
49


ANNOUNCEMENTS TO NSE

31-05-2011          Cummins India Limited has informed the Exchange regarding a press release dated May 30, 2011, titled "Cummins India Limited (CIL) sales for Q4 2010-11 up 30% , Net Profit Before Tax up 19%".          

31-05-2011          Cummins India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 30, 2011 have recommended final dividend of Rs.8/- (Eight) per share on equity shares of Rs.2/- each fully paid up for the year ended March 31, 2011, in addition to the interim dividend of Rs.7/- per share declared on February 03, 2011. The dividend warrants for the said final dividend (subject to approval of shareholders) will be dispatched by August 26, 2011 and the final dividend will be paid on August 29, 2011.             -

30-05-2011          Cummins India Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 394544 lacs for year ending on 31-MAR-2011 against Rs. 284487 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 59099 lacs for the year ending on 31-MAR-2011 against Rs. 43387 lacs for the year ending on 31-MAR-2010.

* * *  E N D   * * *

No comments:

Post a Comment