*Cummins India* announced a phenomenal rise in standalone net profit for the quarter ended December 2008 beating analyst estimates polled by Bloomberg.
During the quarter, the profit of the company rose 78.72% to Rs 1,333.40 million from Rs 746.10 million in the same quarter last year beating market expectation of Rs 848.67 million. Net sales for the quarter rose 30.62% to Rs 7,709.30 million, while total income for the quarter rose 27% to Rs 7,837.50 million, when compared with the prior year period above analyst estimates. The company posted earnings of Rs 6.73 a share during the quarter, registering 78.51% growth over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 7,709.30 5,902.30 30.62 *Net Profit* 1,333.40 746.10 78.72 *Basic EPS* 6.73 3.77 78.51 Interest cost was stable at Rs 0.20 million while depreciation cost rose 27.20% to Rs 109.90 million over previous year period. The board of directors of the company at its meeting held on Jan. 27, 2009, have declared an interim dividend of 200% i.e. Rs 4 a share on equity shares of Rs 2/- each for the financial year 2008-2009. This is in addition to the special dividend of 120% Rs 2.4 a share declared on Dec. 05, 08. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
