Wednesday, Dec 11 2024 | Time 01:24 Hrs(IST)
image
Business EconomyPosted at: Nov 8 2024 5:52PM


Cummins India total sales in Q2 up by 31 pc

Chennai, Nov 8 (UNI) Cummins India Limited on Thursday reported that its total sales for
the quarter increased by 31 per cent.
The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed
and approved the unaudited financial results for the quarter and period ended September 30,
2024.
Announcing the Performance Highlights (based on standalone unaudited financial results)
for the quarter, a company release said the Total Sales for the quarter stood at Rs 2,448 crore,
higher by 31% compared to the same quarter last year and higher by 8% compared to the
previous quarter.
Domestic sales at Rs 2,008 crore, higher by 47% compared to the same quarter last year and
higher by 7% compared to the previous quarter.
Exports Sales at Rs 440 crore lower by 13% compared to the same quarter last year and higher
by 13% compared to the previous quarter.
Profit before tax at Rs 594 crore is higher by 39% compared to the same quarter last year and
higher by 8% compared to the previous quarter.
Profit after tax at Rs 451 crore is higher by 37% compared to the same quarter last year and
higher by 7% compared to the previous quarter.

Compay MD Shveta Arya said 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.
With stable fiscal and monetary policies, the Government’s continued emphasis on infrastructure
development, and PLI-led capex, the Indian economy is on course for growth in the range of 6.8%
to 7.2%, according to various estimates.
Cummins India continues to execute its profitable growth strategy and is well-positioned to meet
the demands of its end markets. At the same time, internationally, geopolitical risks and conflicts
continue to pose uncertainty about global trade and supply chain disruptions.
Effective July 1, 2024, with a complete transition to CPCB IV+ emission norms for the applicable
products, the company is well-positioned and had all its products certified well ahead of the time.
UNI GV 1750
Please log in to get detailed story.
Tags: #Cummins India total sales in Q2 up by 31 pc
More News

Kottayam-Kochi rubber market rates

10 Dec 2024 | 9:06 PM

Kottayam Dec 10(UNI) Following were the Rubber Market rates announced by the Rubber Board here on Tuesday per quintal.

see more..

WhatsApp kicks off Bharat Yatra to train small businesses across India

10 Dec 2024 | 8:42 PM

New Delhi, Dec 10 (UNI) In a first-of-its-kind, mobile digital app WhatsApp has started a “unique” WhatsApp Bharat Yatra, an initiative aimed at providing on-ground, in-person training to small businesses across India to help small businesses fully leverage the capabilities of WhatsApp, enhancing their digital skills and business growth potential.

see more..
Consumption of stainless steel in India grows 11 percent over FY23: ISSDA

Consumption of stainless steel in India grows 11 percent over FY23: ISSDA

10 Dec 2024 | 8:31 PM

New Delhi, Dec 10 (UNI) India’s per capita consumption of stainless steel has increased to 3.1 kilogram in 2023-24 from 2.25 kgs five years ago that is in 2018-19, even as the industry continues to grapple with challenges posed by the persistent dumping of substandard stainless steel, particularly from China, adversely impacting domestic manufacturers.

see more..

Bharat Forge raises Rs 1,650 crore for debt repayment, growth initiatives

10 Dec 2024 | 8:23 PM

New Delhi, Dec 10 (UNI) Bharat Forge Limited has raised Rs 1,650 Crores with the closure of its qualified Institutional Placement (QIP). The issue witnessed significant interest across Domestic and Foreign Qualified Institutional investors resulting in more than 10X demand of the issue size.

see more..

Varcas-Ryoto Electrix targets to set up 25,000 EV charging stations in Telangana

10 Dec 2024 | 8:07 PM

Hyderabad, Dec 10(UNI) Varcas-Ryoto Electrix , an eco-friendly mobility solutions and EV scooters manufacturer, on Tuesday announced to set up 25,000 EV charging stations for two-wheelers and three-wheelers in Hyderabad in the next year.

see more..
image