Tuesday, Dec 10 2024 | Time 17:28 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

CG Corp Global keen to expand presence in Rajasthan

10 Dec 2024 | 1:53 PM

Jaipur, Dec 10 (UNI) Reminiscing his Rajasthani roots, billionaire businessman from Nepal and Chairman of CG Corp Global Binod K Chaudhary on Tuesday evinced his interest to deepen investments in the state.

see more..
Rupee record low at 84 83 against USD

Rupee record low at 84 83 against USD

10 Dec 2024 | 11:54 AM

Mumbai, Dec 10 (UNI) The Rupee on Tuesday opened at a record low at 84.83, sliding 9 paise against the USD in early trade on rising demand for the US dollar from bankers and importers, dealers at the foreign exchange said.

see more..
Sensex improves 83 pts

Sensex improves 83 pts

10 Dec 2024 | 11:47 AM

Mumbai, Dec 10 (UNI) Snapping a losing streak of the last two sessions, the BSE Sensex on Tuesday rose 83 pts to 81,592.42 in the opening session as buying was seen in metal, oil and gas, and healthcare stocks.

see more..
USD, Pound, Euro up; Yen down

USD, Pound, Euro up; Yen down

10 Dec 2024 | 10:18 AM

Mumbai, Dec 10 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..

Torrent Power raises Rs 3,500 cr via QIP

10 Dec 2024 | 1:40 AM

New Delhi, Dec 9 (UNI) Torrent Power on Monday said that its Qualified Institutions Placement (QIP) saw a very strong demand from investors with the issue being oversubscribed four times against the issue size of Rs 3,500 crore.

see more..
image