Cummins Q1 net seen down 4%, commodity prices may support margin

Diesel and natural gas engines manufacturer Cummins India's first quarter (April-June) profit is seen falling 4 percent year-on-year to Rs 202 crore and revenue may decline 3 percent to Rs 1,273 crore, according to average of estimates of analysts polled by CNBC-TV18.

August 03, 2016 / 17:31 IST

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Diesel and natural gas engines manufacturer Cummins India's first quarter (April-June) consolidated profit is seen falling 4 percent year-on-year to Rs 202 crore and revenue may decline 3 percent to Rs 1,273 crore, according to average of estimates of analysts polled by CNBC-TV18.

Operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) is likely to slip 3.5 percent to Rs 210 crore and margin may be flat at 16.5 percent against 16.6 percent on yearly basis. Commodity prices may support margin during the quarter.

High base effect may hurt KKC business that grew 20 percent in Q1FY16. LHP business may be weak.

first published: Aug 3, 2016 05:30 pm

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