Cummins India Limited has announced strong financial results for the quarter ending September 30, 2024. The company witnessed impressive growth in domestic sales, contributing significantly to its quarterly performance, despite a decline in export sales.
Shveta Arya, Managing Director, Cummins India Limited, stated, “The Indian economy continues to remain resilient despite increasingly intense geopolitical conflicts. 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.” Arya also highlighted the company’s strategic alignment with economic stability and government-led infrastructure initiatives, ensuring Cummins India’s position in meeting market demands despite global uncertainties.
Performance Highlights (Standalone Results for Q2 FY24-25)
| Metric | Q2 FY24-25 (₹ Cr) | YoY Change | QoQ Change |
|---|---|---|---|
| Total Sales | 2,448 | +31% | +8% |
| Domestic Sales | 2,008 | +47% | +7% |
| Export Sales | 440 | -13% | +13% |
| Profit Before Tax (PBT) | 594 | +39% | +8% |
| Profit After Tax (PAT) | 451 | +37% | +7% |
These results reflect Cummins India’s resilient growth trajectory, supported by domestic demand and operational efficiencies. The company remains cautiously optimistic about export demand recovery amidst geopolitical uncertainties, bolstered by a diversified product portfolio and a focus on customer-centric services.
