Cummins India saw a market cap increase of ₹5,235.75 crore, bringing its total market cap to ₹1,06,561.75 crore as of Friday’s close. The last traded share price on Friday was ₹3,655.35, reflecting a weekly gain of approximately 5.17% from Monday’s close of ₹3,475.75.
Cummins India Limited reported robust financial results for the quarter ending September 30, 2024, driven by significant growth in domestic sales, which bolstered the company’s quarterly performance. Despite a decline in export sales, Cummins India’s strategic alignment with economic trends and infrastructure initiatives contributed to its positive results.
Shveta Arya, Managing Director of Cummins India Limited, highlighted the resilience of the Indian economy amid geopolitical tensions, with consistent GST collections and favorable economic indicators such as IIP and PMI supporting a stable outlook. Arya emphasized that Cummins India’s focus on economic stability and alignment with government-led infrastructure efforts ensures the company’s strong market position in meeting demand despite global uncertainties.
In its Q2 FY25 results, Cummins India Ltd. reported impressive growth, with total revenue, including sales and other income, reaching ₹2,492.3 crore, a 30.8% increase from ₹1,899.8 crore in the same period last year. This boost in revenue includes sales income of ₹2,448.4 crore and other operating income of ₹43.9 crore.
The company’s profit after tax (PAT) rose substantially, climbing 27.7% year-over-year to ₹419.8 crore from ₹328.5 crore in Q2 FY24. For the half-year ended September 30, 2024, total revenue was ₹4,796.3 crore, up from ₹4,108.4 crore during the corresponding period last year, while PAT reached ₹870.4 crore, a solid increase from ₹644.2 crore.
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