Cummins India Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

Revenue growth in Q4 2023 at ₹2,541.38 Crore, indicating recovery and strong demand.
Net profit surged to ₹558.46 Crore in Q4 2023, showcasing improved operational efficiency.
EPS has risen steadily, reaching ₹20.15 in Q4 2023, reflecting enhanced shareholder value.

NEGATIVES

Revenue declined by 12% from Q3 2023 to Q4 2023, raising concerns about seasonal fluctuations.
Net profit decreased compared to Q3 2023, suggesting potential cost management issues.
Operating profit margin has fluctuated, dropping to 17.61% in Q4 2023 from higher margins earlier.

Field	Mar 23	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	1,933.85	2,218.25	1,921.55	2,541.38	2,319.02	2,315.56	2,508.60	3,096.15	2,470.38	2,906.82
Expenses	1,603.74	1,875.80	1,575.36	1,998.87	1,780.51	1,842.26	2,024.66	2,498.58	1,945.15	2,283.32
Operating Profit	330.11	342.45	346.19	542.51	538.51	473.30	483.94	597.57	525.23	623.50
Other Income	87.45	88.98	89.80	99.39	99.90	103.73	105.31	111.39	126.49	133.88
Interest	6.66	7.83	6.82	6.45	6.30	4.96	2.58	3.02	5.29	2.65
Depreciation	37.61	36.25	38.26	42.29	42.38	44.34	44.96	49.28	46.49	47.93
Profit Before Tax	444.40	452.91	428.68	646.76	676.26	595.07	593.84	713.59	690.31	784.67
Tax	95.49	99.19	99.59	147.85	137.40	132.46	144.47	155.13	160.81	180.77
Net Profit	348.91	353.72	329.09	498.91	538.86	462.61	449.37	558.46	529.50	603.90
Eps in Rs	12.59	12.76	11.87	18	19.44	16.69	16.21	20.15	19.10	21.79