Cummins Q1 net dips 17% to Rs 183 cr
New Delhi, Aug 9 () Engine-maker Cummins India today reported 17.56 per cent decline in its net profit at Rs 183 crore for the first quarter ended June 30. "Domestic sales in the current quarter declined 7 per cent over the same quarter last year. However, the same quarter last year had a strong tailwind from pre-buy on account of impending GST implementation effective July 1, 2017," Cummins India Managing Director Sandeep Sinha said. The company is also carrying forward orders into the current quarter as few of our suppliers faced supply constraints, he added. On business outlook, he added, "We are positive on the medium to long term outlook for domestic sales as underlying demand remains positive arising from sustained investments by the government in creating infrastructure for the Indian economy."