Cummins India Limited
First quarter results
Q1 fy 2013
CUMMINS INDIA LIMITED
has declared its results for the first quarter ending June 2012. The High
Lights are as below :
Net Sales stands
at Rs.1241.36 Cr in QE Jun2012; up by 21.55% from Q4 FY 12 (Rs.1021.28 Cr); and
up by 21.47% from Q1 FY 12 (Rs.1021.93 Cr).
Total
Expenditure stands at Rs.1037.65 Cr in QE June 2012; up by 21.01%
from Q4 FY 12 (Rs.857.48 Cr); and up by 19.4% from Q1 FY 12 (Rs.869.02 Cr);
Expenditure has grown but LESS THAN
proportionately compared to Net Sales.
Profit
before Interest, Dep. & Taxes stands at Rs.203.71 Cr in
QE June 2012; up by 24.37% from Q4 FY 12 (Rs.163.80 Cr); and up by 33.22% from
Q1 FY 12 (Rs.152.91 Cr).
Net Profit stands
at Rs. 180.55 Cr in QE June
2012; up by 24.89% from Q4 FY 12 (Rs.144.57 Cr); but up by just 1.91% from Q1
FY 12 (Rs.177.17 Cr). At NPT level, YoY improvement is marginal due to Higher Taxes
Depreciation etc.
Diluted EPS stands
at Rs.6.51 for Q1 FY 13; Rs.5.22 for Q4 FY 12; and Rs.8.95 for Q1 FY 12.
52 week high/low
price : 651.00/322.00
Current MP :
Rs.464.75; The annualized EPS comes to Rs.26.04. The PE Ratio works out to 17.85.
ABOUT THE COMPANY
:
Cummins' presence in India stems from a
joint venture incorporated in 1962. Ground was broken for a factory in Pune the
same year and the plant began manufacturing engines at the beginning of 1964.
In 1997, Cummins Inc. increased its stake to 51 percent with the rest being
traded on the Bombay Stock Exchange. With this the joint venture became a
consolidated subsidiary of Cummins Inc. and continues till date as Cummins
India Limited. By 2004, Cummins had formed multiple legal entities in India
including joint ventures.
Today,
eight legal entities of the Group represent all of the Cummins global business
units. Having expanded its business across markets and geographies, the Group
spans 200 locations in the country and employs close to 14,000 individuals.
Cummins in India reported combined sales of approximately Rs. 10,500 crores in
2011.
Cummins in India designs,
manufactures, distributes and services engines, generators and related
technologies. Its technology and pioneering initiatives bring innovative
solutions and dependable services at the best possible value to users across
the country.
RESULTS TABLE (Rs.in Lakhs)
|
Cummins
India Ltd
|
30-Jun-12
|
QoQ %
dif
|
31-Mar-12
|
YoY %
Dif
|
30-Jun-11
|
|
Net Sales
|
124136
|
21.55
|
102128
|
21.47
|
102193
|
|
Total Expenditure
|
103765
|
21.01
|
85748
|
19.4
|
86902
|
|
Profit before Interest, Dep. & Taxes
|
20371
|
24.37
|
16380
|
33.22
|
15291
|
|
Net Profit
|
18055
|
24.89
|
14457
|
1.91
|
17717
|
|
Diluted EPS
|
6.51
|
24.71
|
5.22
|
-27.26
|
8.95
|
|
Net Sales
|
124136
|
21.55
|
102128
|
21.47
|
102193
|
|
Cost of materials
|
78298
|
21.58
|
64403
|
25.45
|
62413
|
|
Purchases of SIT
|
4776
|
-14.09
|
5559
|
-26.75
|
6520
|
|
Employee benefits
|
8466
|
4.56
|
8097
|
21.38
|
6975
|
|
Depreciation
|
1139
|
-4.04
|
1187
|
21.82
|
935
|
|
Other expenses
|
14439
|
28.35
|
11250
|
21.74
|
11861
|
|
Total expenses
|
103765
|
21.01
|
85748
|
19.4
|
86902
|
|
Profit before tax
|
25824
|
26.01
|
20494
|
6.17
|
24323
|
|
Tax Expenses
|
7769
|
28.69
|
6037
|
17.61
|
6606
|
|
Net Profit
|
18055
|
24.89
|
14457
|
1.91
|
17717
|
|
Face Value of Share (inRs )
|
2
|
0
|
2
|
0
|
2
|
|
Paid-up Equity
|
5544
|
0
|
5544
|
40
|
3960
|
|
Diluted EPS (in Rs)
|
6.51
|
24.71
|
5.22
|
-27.26
|
8.95
|
|
Public Shareholding (%)
|
49
|
0
|
49
|
0
|
49
|
*
* * E N D
* * *
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