Cummins Reports Strong Fourth Quarter
ECONOMY & POLICY

Cummins Reports Strong Fourth Quarter

The Board of Directors of Cummins India Limited (CIL), at their meeting reviewed, and approved the unaudited financial results for the quarter and period ended December 31, 2024. Performance Highlights (based on standalone unaudited financial results) for the quarter ended December 31, 2024: - Total Sales for the quarter at Rs 30.41 billion higher by 22 per cent compared to the same quarter last year and higher by 24 per cent compared to the previous quarter. - Domestic sales at Rs 25.77 billion higher by 18 per cent compared to the same quarter last year and higher by 28 per cent compared to the previous quarter. - Exports Sales at Rs 4.64 billion higher by 43 per cent compared to the same quarter last year and higher by 5 per cent compared to the previous quarter. - Profit before tax at Rs 6.70 billion is higher by 11 per cent compared to the same quarter last year and higher by 13 per cent compared to the previous quarter. - Profit after tax at Rs 5.14 billion is higher by 13 per cent compared to the same quarter last year and higher by 14 per cent compared to the previous quarter.

Shveta Arya, Managing Director, Cummins India, said: While inflation is easing in most countries, there is still uncertainty in different regions globally, leading to overall subdued outlook. US policy is expected to have a significant impact on the global economy in the years ahead. Amidst the uncertainties in various global economies, Indian economy is recovering well after slower growth in Q2 FY25. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year.

Cummins India continues to execute its profitable growth strategy and has recorded the highest quarterly revenue as a result of the robust demand across segments. The company has a strong portfolio of CPCB IV+ emission norms-compliant products to meet customer demand across the entire product range. With the adoption of new genset emission norms, we remain cautiously optimistic about the demand outlook for the near-term and optimistic about the long-term growth prospects. Regarding exports, the company continues to work closely with its trade partners to drive growth in respective end markets. With its diversified portfolio of products, company remains optimistic about the recovery in exports demand.

The company has access to latest technology, a trusted brand, wide range of incredible products, world-class manufacturing capabilities, best-in-class talent, and a customer-centric service organization with an extensive distribution and service network throughout the country and neighboring regions. The company is well-positioned with a strong balance sheet and liquidity position to support profitable growth.

The Board of Directors of Cummins India Limited (CIL), at their meeting reviewed, and approved the unaudited financial results for the quarter and period ended December 31, 2024. Performance Highlights (based on standalone unaudited financial results) for the quarter ended December 31, 2024: - Total Sales for the quarter at Rs 30.41 billion higher by 22 per cent compared to the same quarter last year and higher by 24 per cent compared to the previous quarter. - Domestic sales at Rs 25.77 billion higher by 18 per cent compared to the same quarter last year and higher by 28 per cent compared to the previous quarter. - Exports Sales at Rs 4.64 billion higher by 43 per cent compared to the same quarter last year and higher by 5 per cent compared to the previous quarter. - Profit before tax at Rs 6.70 billion is higher by 11 per cent compared to the same quarter last year and higher by 13 per cent compared to the previous quarter. - Profit after tax at Rs 5.14 billion is higher by 13 per cent compared to the same quarter last year and higher by 14 per cent compared to the previous quarter. Shveta Arya, Managing Director, Cummins India, said: While inflation is easing in most countries, there is still uncertainty in different regions globally, leading to overall subdued outlook. US policy is expected to have a significant impact on the global economy in the years ahead. Amidst the uncertainties in various global economies, Indian economy is recovering well after slower growth in Q2 FY25. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year. Cummins India continues to execute its profitable growth strategy and has recorded the highest quarterly revenue as a result of the robust demand across segments. The company has a strong portfolio of CPCB IV+ emission norms-compliant products to meet customer demand across the entire product range. With the adoption of new genset emission norms, we remain cautiously optimistic about the demand outlook for the near-term and optimistic about the long-term growth prospects. Regarding exports, the company continues to work closely with its trade partners to drive growth in respective end markets. With its diversified portfolio of products, company remains optimistic about the recovery in exports demand. The company has access to latest technology, a trusted brand, wide range of incredible products, world-class manufacturing capabilities, best-in-class talent, and a customer-centric service organization with an extensive distribution and service network throughout the country and neighboring regions. The company is well-positioned with a strong balance sheet and liquidity position to support profitable growth.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?