Cummins India Limited results for Q4

  • Industry News
  • May 30,24
Established in 1962 and headquartered in Pune, Cummins India Limited is one of the leading power solutions providers in the country.
Cummins India Limited results for Q4

During its recent board meeting, Cummins India Limited (NSE: CUMMINSIND, BSE: 500480) reviewed and approved its financial results for the quarter and year ending March 31, 2024. The quarter saw a 20% increase in total sales compared to the same period last year, reaching Rs 22.69 billion, with domestic sales rising by 38% to Rs 19.25 billion. However, export sales decreased by 30% to Rs 3.44 billion. Profit before tax surged by 70% to Rs 7.01 billion, and profit after tax saw a significant increase of 76% to Rs 5.62 billion. For the fiscal year, total sales amounted to Rs 88.16 billion, marking a 16% increase from the previous year, driven by a 28% rise in domestic sales to Rs 71.43 billion, while export sales decreased by 18% to Rs 16.73billion. Ashwath Ram, MD, Cummins India's, attributed the company's robust performance to the resilient Indian economy, with a focus on infrastructure and increased allocations driving growth. The company anticipates continued growth, particularly in the infrastructure sector, despite global economic uncertainties, supported by its strong product portfolio and manufacturing capabilities.

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