Engine-maker Cummins India today reported a 23.41% decline in net profit to Rs 128.58 crore for the quarter ended September 30.
The company had posted a net profit of Rs 167.89 crore for the corresponding period last year.
Cummins India's total income also fell marginally to Rs 1,090.32 crore during the second quarter from Rs 1,091.43 crore in the year-ago period, Cummins India said in a filing to the BSE.
The company's board has recommended issuing bonus shares to its stockholders in the ratio of 2:5, the filing said.
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