Cummins India share price was trading lower by over 6 percent

Cummins India

Cummins India share price was trading lower by over 6 percent on May 27, a day after the company declared its March quarter results.

The IT firm reported net profit for the fourth quarter which was lower by 0.99 percent at Rs 168.56 crore on the back of sharp spike in the input costs during the quarter.

Net margins came in at 13.42 percent for March 2021 quarter which was lower than 16.02 percent NPM in the March 2020 quarter.

News source:- Moneycontrol

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