NEW DELHI: Second quarter earnings were impacted by slowdown in exports, Rajiv Batra, Chief Financial Officer (CFO) of Cummins India told CNBC-TV18. The company’s profit fell 1.9 percent year-on-year to Rs 198.6 crore and revenue rose 4.7 percent to Rs 1,197.72 crore.
Operating profit improved 6 percent to Rs 201 crore in the quarter gone by. Export recovery is still tentative, he says adding that domestic revenue will be in range of 10-15 percent in FY16. Recovery in railways and infrastructure will aid growth in coming quarters, he says.
