Cummins India warns of revenue delays due to supply chain challenges

07 Dec 2023 CW Team

Cummins India, based in Pune, is currently grappling with supply chain challenges related to specific components.

On the supply side, there are particular electronic components for which they are managing demand. In other words, they are not receiving the exact quantities they desire. However, he clarified that this issue is not impacting order statuses; it merely defers revenue.

Despite these challenges, the company is maintaining its growth guidance, as communicated in the conference call, aiming for 2X of GDP. He pointed out that the half-yearly results align with this guidance.

Their primary focus is on achieving profitable growth, and the margin serves as an indicator of that growth. While he couldn't specify the exact number of basis points for margin expansion, he stated that their approach is geared towards growing profitably.

On November 7, the company reported a 30.4% year-on-year (Y-o-Y) increase in standalone net profit, amounting to Rs 3.28 billion for the second quarter ending on September 30, 2023. The revenue from operations reached Rs 18.99 billion, and earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at Rs 3.38 billion, with an EBITDA margin of 17.8%.

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