Cummins India Limited reported a revenue of ₹2,449.6 crore for the first quarter of 2024.
The company's revenue from operations increased by 12% year-over-year.
Cummins India Limited's net profit for the quarter stood at ₹266.3 crore.
The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin was 8.3% for the quarter.
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Cummins India Q1 Result 2024
Cummins India Q1 Result 2024 was a mixed bag, with some impressive numbers and others that left room for improvement. The company's profit after tax was INR 420 Cr., 33 percent higher than last year, but down 25 percent sequentially.
Total sales for the quarter were INR 2,262 Cr., up 4 percent from the same quarter last year, but flat sequentially. Domestic sales increased 12 percent, while exports Sales fell 22 percent.
The company's EBITDA margin expanded to 21.83%. Management expressed optimism about future prospects despite global economic uncertainties, citing India's stable economy and government infrastructure initiatives.
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Domestic sales at Rs 1,873 crore, increased by 12% as compared to the same quarter last year, and decreased by 3% sequentially. Exports sales at Rs 389 crore decreased by 22%, as compared to the same quarter last year, and increased by 13% sequentially.
Cummins India Limited reported impressive Q1 results with total sales of ₹2,859.00 crore, up 26% year-over-year. Domestic sales increased by 25% to ₹2,336.00 crore, while export sales grew 34% to ₹523.00 crore.
Net profit rose 40% to ₹589.00 crore, and EBITDA increased to ₹624.00 crore. The company's EBITDA margin expanded to 21.83%.
Here are the key highlights from the Q1 results:
- Domestic sales at Rs 1,873 crore, increased by 12% as compared to the same quarter last year, and decreased by 3% sequentially.
- Exports sales at Rs 389 crore decreased by 22%, as compared to the same quarter last year, and increased by 13% sequentially.
Shares of Cummins India rose 0.64% to Rs 3,520 apiece, as compared to a 0.21% decline in the benchmark Sensex.
Financial Performance
Cummins India Limited reported a stellar Q1 performance with a 40% surge in net profit, reaching ₹589.00 crore. This growth was driven by strong performance in both domestic and export markets.
Total sales for the quarter stood at ₹2,859.00 crore, marking a significant increase of 26% compared to the same quarter last year. Domestic sales reached ₹2,336.00 crore, up by 25% year-over-year and 21% quarter-on-quarter.
Export sales climbed to ₹523.00 crore, registering a substantial 34% year-over-year growth and a 9% increase from the previous quarter. Net profit rose to ₹589.00 crore, representing a 40% jump from ₹420.00 crore in the same period last year.
Profit before tax (before exceptional items) increased by 32% year-over-year to ₹726.00 crore. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to ₹624.00 crore from ₹470.00 crore in the previous year.
The company's EBITDA margin expanded to 21.83% from 20.31% in the corresponding quarter last year. Net profit rose 31% to Rs 463 crore in Q1 FY25.
Here are the key highlights of Cummins India Limited's Q1 FY25 performance:
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