Cummins India surges on good Q3 results

The stock surged 8% to Rs 919 on the BSE in early morning trade.

Cummins India has surged 8% to Rs 919 on the BSE in early morning trade after the company reported 18% year on year growth in net profit at Rs 198 crore for the quarter ended December 2016 (Q3FY17), on back of healthy operational income.

Total income from operations increased by 17.8% at Rs 1,453 crore in Q3FY17 against Rs 1,233 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, tax, depreciation and amortization) margin expanded 158 basis points to 15.58% compared to 14% in last year.

“We continued to see growth in all our domestic