Cummins India shares rise 5% as investors cheer Q4 show

Cummins India share price is down nearly 10 percent since the beginning of the year.

Shares of Cummins India gained as much as 5 percent to Rs 3,115 in morning trade on May 29 after the company reported a 7.2 percent year-on-year decline in net profit at Rs 521.37 crore for the March quarter, even as revenue from operations rose 6.1 percent to Rs 2,457 crore, driven by a steady uptick in export demand.

In the same period last year, the power solutions firm had posted a profit of Rs 561.52 crore on revenue of Rs 2,316.15 crore. Operating performance was slightly weaker, with EBITDA falling 4.5 percent year-on-year to Rs 519.9 crore. Margins narrowed to 21.16 percent from 23.5 percent in the year-ago period.

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Despite the subdued quarterly print, the company wrapped up the financial year on a strong note. For FY25, Cummins India reported a 15 percent year-on-year rise in total standalone sales to Rs 10,166 crore. Domestic sales contributed Rs 8,395 crore, up 18 percent, while exports climbed 6 percent to Rs 1,771 crore. Profit before tax for the year rose 16 percent to Rs 2,496 crore.

In the March quarter, total sales stood at Rs 2,414 crore, up 6 percent year-on-year but down 21 percent sequentially. Domestic sales came in at Rs 1,935 crore, nearly flat compared to the year-ago quarter, while exports jumped 39 percent to Rs 479 crore.

Quarterly profit before tax fell 3 percent year-on-year to Rs 681 crore, though it was slightly higher than the previous quarter.

The Board of Directors has recommended a final dividend of Rs 33.50 per share for FY25, in addition to the interim dividend of Rs 18 announced earlier this year. The final dividend, subject to shareholder approval, is expected to be paid around September 2.

Cummins India share price is down nearly 10 percent since the beginning of the year.

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