The diesel and natural gas engines manufacturer company reported a dismal performance on all parameters with the first quarter net profit falling 8 percent year-on-year to Rs 166 crore.
Cummins India reported strong third quarter earnings on the back of robust business growth. Rajiv Batra, CFO of the company spoke to CNBC-TV18 regarding the company‘s outlook for FY14.
Rajiv Batra, CFO of Cummins India, says that in the last few quarters we have seen a growth of 12-13%. There are sectors within the economy which are doing well. We expect a growth of 12-15% in FY13.
Rajiv Batra, chief financial officer of Cummins India says, power generation (power-gen) business strongly came back in Q4. "Power-gen, I believe is strong for us,†he adds.
In an interview to CNBC-TV18, Rajiv Batra, chief financial officer of Cummins India says, he sees 5-10% revenue growth in FY12. “We always talk about a cycle of say about three to five years, we would commit to our 20% growth rates,” he adds.
In an interview with CNBC-TV18, Rajiv Batra, CFO of Cummins said domestic sales were up 20% on a nine-month basis. "We are concerned about increase in raw material costs," he disclosed.