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Engines maker Cummins India Ltd has posted a net profit of Rs 161 crore during the second quarter ended September 30, 2012 versus Rs 128 crore in the same quarter of the previous fiscal. This represents a growth of 26 per cent year-on-year.
Income from operations stood at Rs 1,068 crore (Rs 1,067 crore).
Anant J. Talaulicar, Chairman & Managing Director, said: “Exports declined 28 per cent sequentially due to slowing down of global demand, and domestic sales dropped 7 per cent primarily due to a slowdown in the power generation market.”
He added that the margins improved by 3.6 points over the same quarter last year primarily on account of favourable mix and cost reduction.
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