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Last Updated : Feb 02, 2017 10:30 AM IST | Source: Moneycontrol.com

CCL Products, Cummins India up 6-8% on strong Q3 numbers

Cummins India has reported 11.3 percent jump in net profit at Rs 198.1 crore in the quarter ended December 2016 versus Rs 178 crore, in the same quarter last fiscal.

 
 
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Moneycontrol Bureau

Share price of CCL Products and Cummins India rose 6 percent and 8 percent respectively intraday Thursday on strong numbers declared by the company for the quarter ended December 2016.

CCL Products' Q3 (Oct-Dec) consolidated net profit was up 76.2 percent at Rs 45.8 crore and total income was up 34.6 percent at Rs 286.6 crore.

The company's EBITDA rose 69.3 percent at Rs 77.2 crore and EBITDA margin was up 550 bps at 26.9 percent.

Cummins India has reported 11.3 percent jump in net profit at Rs 198.1 crore in the quarter ended December 2016 versus Rs 178 crore, in the same quarter last fiscal.

Total income of the company rose 17.9 percent at Rs 1,453.3 crore versus Rs 1,233.1 crore.

The company's EBITDA was up 31.1 percent at Rs 226.5 crore and EBITDA margin was up 160 bps at 15.6 percent.

At 09:51 hrs Cummins India was quoting at Rs 907.55, up 6.90 percent.

CCL Products India was quoting at Rs 309.50, up Rs 5.40, or 1.78 percent. It has touched a 52-week high of Rs 321.50.

Posted by Rakesh Patil
First Published on Feb 2, 2017 10:30 am
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