Cummins India posted a weak set of earnings in Q3 as poor exports and lower margins impact results. In an interview to CNBC-TV18, Rajiv Batra, CFO of Cummins India spoke about the results and his outlook for the company.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Cummins India had a poor showing in Q1 weak exports and lower margins impacted EBIDTA. In an interview to CNBC-TV18, Rajiv Batra, CFO, Cummins India spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Chander Agarwal, MD & CEO, TCI Express spoke about the results and his outlook for the company.
Rajiv Batra, CFO of Cummins India, said Friday the company has seen some traction in Q3.
In an interview to CNBC-TV18, Kishor Patil of KPIT Technologies spoke about the results and his outlook for the company.
"We have improved guidance on domestic space and we believe that we will deliver on that", says Rajiv Batra, CFO of Cummins India.
Recovery in railways and infrastructure will help growth in coming quarters, Rajiv Batra, Chief Financial Officer (CFO) of Cummins India told CNBC-TV18.
Cummins India Q4 earnings were operationally weak led by an increase in cost of items across the board although revenue growth remains strong led by growth in exports. In a CNBC-TV18 interview, Rajiv Batra, CFO of Cummins India shared his outlook on the company‘s results.
Discussing the numbers, Rajiv Batra, CFO, Cummins India, said the domestic sales for Q2 was up only 4 percent, while exports saw a growth of 60 percent Y-o-Y.
Rajiv Batra is firm on the full-year guidance given by the company, but says it comes with a caveat – the implementation of these emission norms is still being absorbed by the market. Hence, he is on a wait and watch mode.
The overall industry including us is outlooking at least an increase of between 25 - 26 percent on the engines and about 20 percent on gensets.
The diesel and natural gas engines manufacturer company reported a dismal performance on all parameters with the first quarter net profit falling 8 percent year-on-year to Rs 166 crore.
Cummins India reported strong third quarter earnings on the back of robust business growth. Rajiv Batra, CFO of the company spoke to CNBC-TV18 regarding the company‘s outlook for FY14.
Rajiv Batra, CFO of Cummins India, says that in the last few quarters we have seen a growth of 12-13%. There are sectors within the economy which are doing well. We expect a growth of 12-15% in FY13.
Rajiv Batra, chief financial officer of Cummins India says, power generation (power-gen) business strongly came back in Q4. "Power-gen, I believe is strong for us,†he adds.
In an interview to CNBC-TV18, Rajiv Batra, chief financial officer of Cummins India says, he sees 5-10% revenue growth in FY12. “We always talk about a cycle of say about three to five years, we would commit to our 20% growth rates,” he adds.
In an interview with CNBC-TV18, Rajiv Batra, CFO of Cummins said domestic sales were up 20% on a nine-month basis. "We are concerned about increase in raw material costs," he disclosed.