Cummins India reports 22% rise in its Q4 net profit

Cummins India has reported results for the quarter and the year ended March 31, 2011.

The company’s net profit after tax for the fourth quarter has surged by 21.69% at Rs 143.97 crore as compared to Rs 118.31 crore for the corresponding quarter last year. Its total income has increased by 32.62% at Rs 1070.56 crore for the quarter under review from Rs 807.24 crore in the corresponding previous quarter.

The company has registered marginal growth of 33.14% in its net profit after tax for FY11 at Rs 590.99 crore as compared to Rs 443.87 crore for FY10. Its total income has increased by 38.98% at Rs 4122.87 crore for the year from Rs 2966.43 crore in previous year.

Cummins India has recommended final dividend of Rs 8 per share on equity shares of Rs 2 each fully paid up for the year ended March 31, 2011, in addition to the interim dividend of Rs 7 per share declared on February 03, 2011.