Pune-based Cummins India has posted a net profit of Rs 75.6 crore for the quarter ended March 31 2008, up 15% compared with Rs 65.68 crore for the same period, last fiscal.

While, the total income of the company increased to Rs 716.39 crore for the quarter ended March 31 as compared to Rs 528.55 crore in the year-ago period.

Cummins India Limited, together with its subsidiaries, engages in the manufacture and sale of diesel, gas, and dual fuel engines for power generation, industrial, and automotive markets in India and internationally.
For the year ended March 31, 2008, the company recorded a net profit of Rs 280.69 crore (Rs 242.05 crore) on a total income of Rs 2,453.49 crore (Rs 1,926.12 crore).

The company has posted 21% growth in consolidated net profit at Rs 324.90 crore for the year ended March 31, 2008 as compared to Rs 267.97 crore in the corresponding period last year.

Total consolidated net sales of the company grew by 26% to Rs 2786.99 crore from Rs 2213.99 crore.

Further, the board of directors has also recommended a final dividend of 130 per cent, which will be Rs 2.6 per share of Rs 2 each for the year ended March 31 in addition to the interim dividend of 100 per cent declared on January 30, taking total dividend for the financial year 2007-08 to 230 per cent.