Moneycontrol
May 19, 2017 02:26 PM IST | Source: Moneycontrol.com

Cummins India slips 10% on weak Q4 results, poor guidance

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

Moneycontrol News

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

The company 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.

The company also guided for a mere 5-10 percent domestic growth this year.

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

Posted by Rakesh Patil

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