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Cummins India slips 10% on weak Q4 results

19 May, 2017 5:13 AM
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Cummins India slips 10% on weak Q4 results

Shares of Cummins India fell as much as 10 percent intraday Friday on the back of poor fourth quarter numbers.

The company has registered 5.1 percent decline in Q4FY17 net profit at Rs 158.5 crore against Rs 167 crore, in the same quarter last fiscal.

Meanwhile, company's revenue was up 11 percent at Rs 1,267.6 crore versus Rs 1,141.7 crore.

The operating profit (EBITDA) was down 4.9 percent at Rs 170.1 crore and EBITDA margin slipped 240 bps at 14.4 percent.

At 10:26 hrs Cummins India was quoting at Rs 992, down Rs 60.55, or 5.75 percent on the BSE.

Also read: Cadila net rises 53.3% to ₹590.8 crore


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