Rajiv Batra, CFO of Cummins India, said Friday the company has seen some traction in Q3.
"We have improved guidance on domestic space and we believe that we will deliver on that", says Rajiv Batra, CFO of Cummins India.
Cummins India Q4 earnings were operationally weak led by an increase in cost of items across the board although revenue growth remains strong led by growth in exports. In a CNBC-TV18 interview, Rajiv Batra, CFO of Cummins India shared his outlook on the company‘s results.
Discussing the numbers, Rajiv Batra, CFO, Cummins India, said the domestic sales for Q2 was up only 4 percent, while exports saw a growth of 60 percent Y-o-Y.
Rajiv Batra is firm on the full-year guidance given by the company, but says it comes with a caveat – the implementation of these emission norms is still being absorbed by the market. Hence, he is on a wait and watch mode.
The overall industry including us is outlooking at least an increase of between 25 - 26 percent on the engines and about 20 percent on gensets.
The company has successfully field-tested 50 units and has already commenced production for the new series.
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.
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.