Cummins India Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 60765 lacs for quarter ending on 30-SEP-2009 against Rs. 78982 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 8774 lacs for the quarter ending on 30-SEP-2009 against Rs. 9392 lacs for the quarter ending on 30-SEP-2008.
Cummins is a very good long term bet. This sector has very few good companies. Making engines is not easy. It takes considerable amount of technology. Not many companies have this knowhow. You can not buy it or copy it easily. Cummins is the only big international player which has set us shop in India for some time now. They have localised most of the components. Apart from Caterpillar, there is no other company making CNG engines. This company will do better in coming days, as CNG becomes more available countrywide.
Regards
| NIFTY 
