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09-Feb-2024

Cummins India

Net up 21% on good operating show


'Consolidated net sales (including other operating income) of Cummins India has increased 16.31% to Rs 2541.38 crore.  Operating profit margin has jumped from 18.91% to 21.35%, leading to 31.33% rise in operating profit to Rs 542.51 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 55.32% to 51.16%.   Purchase of finished goods cost rose from 9.48% to 9.56%.   Employee cost increased from 7.83% to 8.87%.   Other expenses rose from 7.87% to 8.01%.   Other income rose 17.14% to Rs 99.39 crore.  PBIDT rose 28.91% to Rs 641.9 crore.  Provision for interest rose 127.11% to Rs 6.45 crore.  PBDT rose 28.35% to Rs 635.45 crore.  Provision for depreciation rose 21.77% to Rs 42.29 crore.  Profit before tax grew 28.84% to Rs 593.16 crore.  Share of profit/loss was 23.53% lower at Rs 55.3 crore.  Provision for tax was expense of Rs 147.85 crore...



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