Cummins Net Sales, EBITDA and PAT margin for FY15 reached to Rs.44,058mn, 16.7% and 17.7% respectively which are broadly in-line with our estimate of Rs.44,078mn, 17.4% and 16.4% for FY15. For Q4FY15, Net Sales reached to Rs.11,335mn which is higher by 5% on a YoY basis, EBITDA margin for Q4FY15 lower by 207bps and PAT Margin reached to 16.8% higher by 221bps due to other income coming in higher.