Cummins Q3 profit after tax seen up 8% at Rs 161 cr

Cummins (India) is set to report profit after tax of Rs 161 crore for the quarter ended December 2010, up 8% as compared to Rs 148 crore in same quarter the previous year, according to CNBC-TV18 estimates.

Revenue is seen going up by 28% at Rs 1,061 crore from Rs 828 crore (YoY). Earning before interest, tax, depreciation and amortisation (EBITDA) is likely to go up by 10% at Rs 208 crore from Rs 190 crore while EBITDA margin is seen declining at 20% versus 23%. ((Cummins Inc, parent of Cummins India, reported strong Q4CY10 numbers yesterday. For CY2010, India contributed 6% to sales while other emerging market contributed 39% to sales. Importantly the company posted consolidated sales of USD 1.1 billion in India for CY10, which implies revenue growth in Q3FY11 for Cummins is likely to be ahead of around 50% YoY (on assuming adjustments), higher than street