Cummins India Net Up 28% at Rs 212 Crore

Engine maker Cummins India today reported 27.55 per cent increase in net profit at Rs 211.99 crore for the first quarter ended June 30, 2014-15 on account sale of long term investments.

The company had posted net profit of Rs 166.19 crore during the same period of the 2013-14 fiscal.

Net sales of the company in Q1 increased marginally to Rs 1,032.71 crore, as against Rs 1,028.73 crore in the year-ago period, Cummins India said in a filing to the BSE.

During the Q1, Cummins India reported income of Rs 82.63 crore due to profit on sale of long term investments.

Its overall expenses stood at Rs 883.88 crore in Q1, as against Rs 885.47 crore a year ago.

Cummins India shares closed 2.81 per cent lower at Rs 607 apiece on Friday as against 1.54 per cent drop in Nifty.