'Consolidated net sales (including other operating income) of Cummins India for the quarter ended Sep 2023 has declined 1.83% to Rs 1921.55 crore. Operating profit margin has jumped from 14.81% to 18.02%, leading to 19.45% rise in operating profit to Rs 346.19 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 58.69% to 56.77%. Purchase of finished goods cost fell from 9.32% to 6.82%. Employee cost increased from 8.43% to 10.14%. Other expenses fell from 8.82% to 8.60%. Other income rose 30.18% to Rs 89.8 crore. PBIDT rose 21.52% to Rs 435.99 crore. Provision for interest rose 44.80% to Rs 6.82 crore. PBDT rose 21.21% to Rs 429.17 crore. Provision for depreciation rose 7.35% to Rs 38.26 crore. Profit before tax grew 22.76% to Rs 390.91 crore. Share of profit/loss was 15.79% higher at Rs 37.77 crore. Provision for tax was exp...
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