Cummins India records sales growth

Domestic sales in the current quarter at Rs 9.92 billion grew 22 per cent over the same quarter last year but declined three per cent over the preceding quarter. Domestic sales for the year ended March 31, 2019 at Rs 38.73 billion grew 15 per cent over the previous year also represents a new high. Exports for the current quarter at Rs 3.22 billion declined 17 per cent over the same quarter last year and 27 per cent over the preceding quarter. Exports for the year ended March 31, 2019 at Rs 16.52 billion grew 5 per cent over the previous year.

Profit before tax in the quarter ended March 31, 2019 at Rs 2.09 billion is flat as compared to the same quarter last year and declined by 23 per cent as compared to Rs 2.70 billion recorded in the preceding quarter. Profit before tax for the year ended March 31, 2019 at Rs 10.30 billion improved by 21 per cent compared to Rs 8.52 billion recorded in the previous year, excluding the gain on sale of real estate of Rs 0.56 billion in that year ? is also at a record high.

Sandeep Sinha, Managing Director, Cummins India, said, ?We continue to be positioned to outperform in our industry and are investing judiciously in product enhancements, increasing our customer focus, while maintain strong controls over our cost of operations. Improving productivity and quality are strong focus areas as we continue delivering value to all our stakeholders.?