Pune Cummins India Ltd (CIL) has announced 26 per cent growth in sales and 41 per cent increase in profit before tax during the 2006-07 fiscal. Sales stood at Rs 1,841 crore against Rs 1,463 crore last fiscal, while PBT rose to Rs 346 crore from Rs 246 crore.
The board has declared a dividend of 200 per cent, including the interim dividend of 100 per cent.
For the quarter ended March 31, 2007, sales were Rs 504.9 crore, an increase of 30 per cent from Rs 387.7 crore during the same quarter last year. The Q4 PBT was Rs 97.5 crore, up 41 per cent from Rs 69.4 crore in the same period.
Mr Anant Talaulicar, Chairman and Managing Director, CIL, said, "Business grew strongly in both domestic and export markets. We could translate our topline growth into a better bottomline growth despite adverse inflationary conditions. This was by enhancing our Six Sigma deployment, and other productivity enhancement initiatives that included partnering with our supply base. "
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