Cummins India’s shares rose by 10% after the company filed its quarterly results on the exchange. As per the financial reports, the company has its highest-ever quarterly revenue from operations and profit after tax.

• Firstly, the company’s total sales for Q3FY24 stood at Rs 2,502 crore, 17% higher than the same quarter last year and 34% higher than the previous quarter.
• Secondly, its domestic sales were Rs 2,177, a 36% growth year-on-year and a 60% rise quarter-on-quarter.
• However, its export sales dropped 40% to Rs 325 crore in the October-December 2023 quarter from last year’s corresponding quarter.
• Finally, Cummins India’s profit after tax surged to Rs 455 crore in Q3 of the 2024 fiscal year from Rs 329 crore in the previous quarter.

Mr Ashwath Ram, the company’s Managing Director, said, “The company recorded its highest quarterly revenue and profits based on robust domestic demand and is well-positioned to support domestic and export demand. The company has a strong liquidity and financial position to support its operations and growth plans.”

As the country’s leading diesel and natural gas engine manufacturer, Cummins India comprises three business units – Engine, Power Systems, and Distribution. The company has extensive PAN India coverage through dedicated channel partners. 

At 3.30 pm, the company’s share price closed at Rs 2,584, which is 7.66% higher than its previous close on the National Stock Exchange (NSE).