Cummins India warns of revenue delays due to supply chain challenges
ROADS & HIGHWAYS

Cummins India warns of revenue delays due to supply chain challenges

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%.

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%.

Next Story
Real Estate

Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

Next Story
Real Estate

Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

Next Story
Infrastructure Urban

HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?