Power generation equipment and gasoline engines manufacturer Cummins India's fourth quarter profit is expected to be muted, rising only 1 percent to Rs 193 crore YoY, according to average of estimates of analysts polled by CNBC-TV18. Lower other income and higher tax rate may cap bottomline growth.
Revenue is seen rising 10 percent to Rs 1,246 crore compared to year-ago period. Operating profit may increase 17 percent to Rs 204 crore and margin may expand 80 basis points to 16.3 percent aided by operating leverage.
Growth may be led by power generation. Steady growth is expected in its industrial, automotive and distribution segments (which together constitute around 40 percent of its sales).
Domestic revenue may increase 15 percent YoY aided by pricing cuts taken to regain lost market share while exports are expected to remain relatively weak given the weakness in Middle East and Europe.
Key issues to watch out for:-Demand scenario-Sustainability of margins and cost optimisation possibilities-Growth in exports
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