'Consolidated net sales (including other operating income) of Cummins India for the quarter ended Mar 2024 has increased 19.92% to Rs 2319.02 crore. Operating profit margin has jumped from 17.07% to 23.22%, leading to 63.13% rise in operating profit to Rs 538.51 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 58.08% to 52.26%. Purchase of finished goods cost rose from 10.36% to 11.84%. Employee cost increased from 7.92% to 8.33%. Other expenses fell from 7.41% to 4.44%.
Other income rose 14.24% to Rs 99.9 crore. PBIDT rose 52.89% to Rs 638.41 crore. Provision for interest fell 5.41% to Rs 6.3 crore. Loan funds declined from Rs 376.09 crore as of 31 March 2023 to Rs 126.98 crore as of 31 March 2024. Inventories rose to Rs 949.65 crore as of 31 March 2024 from Rs 903.66 crore as of 31 March 2023. Sundry debtors were highe...
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