Stock Report

Cummins India Q4 net profit at Rs.65.68 crores, recommends 100% final dividend



Posted On : 2007-05-31 02:57:50( TIMEZONE : IST )

Cummins India Q4 net profit at Rs.65.68 crores, recommends 100% final dividend

Cummins India Ltd has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit after tax of Rs 656.80 million for the quarter ended March 31, 2007 as compared to Rs 541.00 million for the quarter ended March 31, 2006. Total Income has increased from Rs 4073.80 million for the quarter ended March 31, 2006 to Rs 5285.50 million for the quarter ended March 31, 2007.

The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit after tax of Rs 2420.50 million for the year ended March 31, 2007 as compared to Rs 1757.00 million for the year ended March 31, 2006. Total Income has increased from Rs 15399.70 million for the year ended March 31, 2006 to Rs 19261.20 million for the year ended March 31, 2007.

The Audited consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a net profit after tax of Rs 2679.70 million for the year ended March 31, 2007 as compared to Rs 1836.40 million for the year ended March 31, 2006. Total Income has increased from Rs 18396.00 million for the year ended March 31, 2006 to Rs 22139.90 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 31, 2007, inter alia, has recommended final dividend of 100% i.e. Rs 2/- per share on equity shares of Rs 2/- each fully paid up for the year ended March 31, 2007, in addition to the interim dividend of 100% declared on January 25, 2007, taking total dividend (interim & final) for the financial year 2006-2007 to 200%.

The Register of Members & Share Transfer Books of the Company will remain closed from July 21, 2007 to July 26, 2007 (both days inclusive) for the purpose of payment of final dividend and Annual General Meeting (AGM) of the Company to be held on July 26, 2007.

The stock was trading at Rs.307.55, up by Rs.5.35 or 1.77%. The stock hit an intraday high of Rs.314.30 and low of Rs.305.90. The total traded quantity was 226321 compared to 2 week average of 123589.

Source : Equity Bulls

Keywords