KPIT Cummins Q4 PAT up at Rs 26.3cr

By Reema Tendulkar, CNBC-TV18

KPIT Cummins fourth quarter consolidated net sales were up at Rs 308 crore versus Rs 273.7 crore, QoQ. The company's consolidated net profit was up at Rs 26.3 crore versus Rs 20.8 crore, QoQ. KPIT Cummins Monday said it expects FY12 net profit to rise by 22-27% to Rs 115-120 crore on back of strong revenue growth. Revenues are forecast to rise by 23-27% to USD 275-285 million during the same period. However, offshore wage hike by 12-14%, provisions for R&D, decline in forex earnings and increased taxes could continue to put pressure on margin growth, the company said in a filing to the stock exchanges.