Combustion engine manufacturer Cummins India Ltd. reported fourth-quarter net profit that was flat from last year.
The Pune-based company posted a fourth-quarter net profit of Rs.144.57 crore or Rs.5.22 per share, flat from last year at Rs.143.97 crore or Rs.5.19 per share in the fourth-quarter of 2011.
its quarterly net income from operations amounted to Rs.1,021.28 crore, up by one percent from the Rs.1,009.95 crore in the corresponding quarter of the preceding year, while other operating income totaled Rs.19.10 crore, compared with Rs.31.11 crore in the year-ago quarter.
Income for the quarter from "Engine Business" segment touched Rs.941.67 crore, while that from "Others" totaled Rs.79.61 crore.
For the fiscal year, the company's stand-alone net profit was Rs.591.27 crore, flat from last year's Rs.590.99 crore.
Total income from operations, including other operating income, for the twelve months was Rs.4,117.22 crore, compared with Rs.4,042.53 crore for the comparable period a year-ago, logging a two percent growth.
The company's board recommended a final dividend of Rs.6.00 per equity share of Rs.2 each for the fiscal year 2012, to be paid on August 30.
At the BSE, Cummins shares are currently trading at Rs.421.10, down 2.09 percent from the previous close.
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