The PAT came in at Rs 589 crore, compared to the same quarter last year, reflecting strong operational performance and healthy growth across segments.
The company’s total sales for the quarter stood at Rs 2,859 crore, rising 26% YoY and 18% sequentially. Growth was supported by both domestic and export markets. Domestic sales grew 25% YoY to Rs 2,336 crore and were up 21% compared to the previous quarter. Export sales came in at Rs 523 crore, up 34% YoY and 9% QoQ.
Cummins also reported a strong increase in profit before tax (PBT), which stood at Rs 726 crore, up 32% YoY and 7% over the previous quarter, before accounting for exceptional items.
“While the inflation has eased in India and there is uncertainty around the full impact of global tax and trade policies on the economic landscape in the near to mid-term future. We believe that despite this uncertainty, we see continued opportunity as India’s economy remains stable due to government’s infrastructure push and recent reductions in interest rates to support economic growth given the low inflation environment,” said Shveta Arya, Managing Director of Cummins India, while commenting on the company’s Q1 results.
On Thursday, the shares of Cummins India closed 1.2% higher at Rs 3,679.70 on the BSE.Also read: Have money to deploy today? Put it in pharma funds, says Sandeep Tandon
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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