Cummins has announced its financial results for the quarter ended September 30, showcasing strong growth across key metrics.

Revenue Surge

The company reported total sales of ₹3,122.00 crore for the quarter, marking a significant 28% increase compared to the same quarter last year. This growth was driven by strong performance in both domestic and export markets.

Market Performance

• Domestic Sales: Reached ₹2,577.00 crore, up by 28% year-over-year and 10% quarter-on-quarter.
• Export Sales: Stood at ₹545.00 crore, showing a 24% year-over-year increase and a 4% rise from the previous quarter.

Profitability Boost

Cummins India witnessed substantial improvements in its profitability:

• Profit Before Tax: ₹839.00 crore, up by 41% year-over-year and 16% quarter-on-quarter.
• Profit After Tax: ₹638.00 crore, representing a 42% year-over-year increase and an 8% quarter-on-quarter growth.

Financial Highlights

Management Commentary

Shveta Arya, Managing Director of Cummins India Limited, expressed satisfaction with the company's performance: "I am delighted to announce that Cummins India Limited has delivered a record quarterly revenue, driven by steady demand across markets and improved order execution. We have also achieved a record quarterly profit, supported by volume leverage and operational efficiencies."

Economic Outlook

The company remains optimistic about the Indian economy's growth trajectory, citing:

• Strong macro-economic indicators
• Robust trade activities
• Improved liquidity post GST 2.0 implementation
• Stable fiscal policies backed by low inflation

The Indian economy is projected to achieve a 6.8% GDP growth, according to the company's assessment.

Future Outlook

Cummins India maintains a cautiously optimistic stance on growth prospects in both domestic and international markets. The company highlighted its:

• Diversified portfolio aligned with evolving emission norms
• Continued collaboration with trade partners
• Exploration of new opportunities
• Focus on operational efficiencies and cost management
• Commitment to customer satisfaction and shareholder value creation

Challenges

While the overall outlook is positive, Cummins India acknowledges potential headwinds in the export market due to ongoing geopolitical uncertainties across regions, which may impact global trade flows and demand.

The company's strong foundation, including reliable technology, skilled talent, a trusted brand, diverse products, robust manufacturing capabilities, and an extensive distribution and service network, positions it well to navigate these challenges and serve customers efficiently.

This financial report underscores Cummins India's resilience and growth potential in a dynamic market environment, reflecting its strong market position and strategic initiatives.

Cummins India Limited, a leading power solutions provider, has announced strong financial results for the second quarter, demonstrating significant growth in both revenue and profitability.

Financial Highlights

The company reported impressive performance metrics for Q2:

Key Financial Metrics

• Earnings Per Share (EPS): The company's EPS stood at ₹23.00 for the current quarter, up from ₹16.26 in the same period last year, marking a substantial increase of 41.5%.
• Operating Performance: Cummins India demonstrated strong operational efficiency, with the cost of materials consumed increasing proportionally less than the revenue growth, indicating improved margins.

Board Approvals and Corporate Actions

The Board of Directors has taken several key decisions:

1. Financial Results Approval: The Board approved the unaudited financial results for Q2 and H1 of the current fiscal year.
2. Postal Ballot Notice: Approval was granted for a postal ballot notice to seek shareholder approval for additional material related party transactions.
3. Appointment of Scrutinizer: M/s. Mehta & Mehta, Company Secretaries, Pune, have been appointed as scrutinizers for the postal ballot e-voting process.

Market Position and Outlook

Cummins India's strong performance reflects its robust market position and effective business strategies. The significant increase in revenue and profitability suggests a growing demand for the company's power solutions and efficient operational management.

Investor Relations

The company continues to maintain transparency with its investors, as evidenced by the prompt disclosure of its financial results and corporate actions. The Board's decision to seek shareholder approval for material related party transactions through a postal ballot demonstrates a commitment to corporate governance and shareholder engagement.

Investors and stakeholders can access more detailed information about the company's performance and future outlook on its official website: www.cumminsindia.com .

Note: All financial figures are in accordance with Indian Accounting Standards (Ind AS) and have been subjected to limited review by the company's statutory auditors.