'
Cummins India hosted a conference
call on Feb 8, 2024. In the conference call the company was represented by Ashwath
Ram, Managing Director.
Key takeaways of the call
Domestic sales was up 36% to Rs
2177 crore and exports was down by 40% to Rs 325 crore.
Segment wise domestic sales breakup
for Q3FY24 was Domestic PowerGen was RS 1073 crore, up 51%YoY & up 121%QoQ;
Domestic Distribution business were Rs 662 crore, up 26%YoY, up 21%QoQ; Domestic
Industrial were Rs 212 crore, up 20%YoY & up 37%QoQ. On export sales, the HHP exports were Rs 138
crore (down 38%YoY, down 48%QoQ), Low HP exports were Rs 147 crore (down
44%YoY, down 30%QoQ)
Expect double digit growth in
sales for FY24 from FY23 levels.
Export demand softening across
all geographies. And more over this quarter is typically an inventory
correction quarter. The softening of
demand gl...
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