Cummins India Q4 PAT seen up 31% at Rs 155 cr

Cummins India is expected to report profit after tax of Rs 155 crore in January-March quarter of CY11, a growth of 31% as compared to Rs 118 crore in same quarter the previous year.

Total income is seen going up by 45% to Rs 1144 crore from Rs 788 crore during the same period. EBITDA is likely to go up by 36% at Rs 218 crore from Rs 161 crore on year-on-year basis. Operating profit margin is expected to be at 19.07% versus 20.41%. On quarter-on-quarter basis, total income is seen going up by 15% and PAT up by 12%. EBITDA is likely to grow by 21% and operating profit margin is seen improving at 19.07% versus 18.10%. Key factors to watch -Strong revenue and earnings growth expected during the quarter as company sorts out tightness in supply chain -EBITDA margins expected to be lower due to significantly higher margins last yr and commodity price inflation -Pick-up in exports to be watched out for