Cummins India Ltd reported a significant increase in standalone net profit for the first quarter ending June 30, 2024. The company’s net profit rose by 33% year-on-year to ₹419.8 crore.
Financial Highlights
- Net Profit: ₹419.8 crore, a 33% increase from ₹315.7 crore in the same quarter last year.
- Revenue: Increased by 4.3% to ₹2,304.2 crore compared to ₹2,208.7 crore in the previous year.
- EBITDA Margin: Improved to 20.3% from 15.4% in the first quarter of the previous fiscal year.
Business Performance
- Operational Efficiency: The increase in net profit and EBITDA margin indicates better operational efficiency.
- Strategic Appointments: The board of directors has approved the appointment of Shveta Arya as an additional director and managing director designate, effective August 8, 2024.
| Metric | Q1 FY25 | Q1 FY24 |
|---|---|---|
| Net Profit | ₹419.8 crore | ₹315.7 crore |
| Revenue | ₹2,304.2 crore | ₹2,208.7 crore |
| EBITDA Margin | 20.3% | 15.4% |
Future Outlook
Cummins India continues to focus on enhancing its operational efficiency and strategic leadership appointments. The company’s positive performance in the first quarter sets a strong foundation for the rest of the fiscal year.