Cummins India & JK Lakshmi Cement Q1 results

CORPORATE SCORECARD

Cummins India net up 43.6%

Cummins India net rose 43.60 per cent to Rs 50.78 crore for the quarter ended June 30 compared with Rs 35.36 crore in the corresponding period last year.

The company's net sales grew 19.33 per cent to to Rs 328.02 crore from Rs 391.45 crore. Operating profit was up 30.22 per cent to Rs 78.16 crore against Rs 60.02 crore in the corresponding period a year ago.

JK Lakshmi Cement net jumps

JK Lakshmi Cement net rose 227 per cent to Rs 38.85 crore for the first quarter ended June 2006 . Turnover increased 44 per cent to Rs 218 crore against Rs 151 crore in the year-ago period.

Production registered growth of 12 per cent at 7.61 lakh tonne. The increased profitability is the result of enhanced efficiency parameters of production, working capital management and better prices, said Director Shailendra Chouksey.