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Cummins India Net Profit Zooms 76% to Rs 562 Cr; Pays Dividend of Rs 20

May 31, 2024

By: BlinkX Research Team

Engine manufacturer Cummins India on Wednesday, May 29 reported a 76.3% year-on-year jump in net profit to 561.5 crore rupees in Q4FY24 compared to the corresponding quarter FY23 net profit of 318.5 crore rupees.

Key Takeaways from Cummins India’s Performance:

• Cummins India reported a 76.3% year-on-year jump in net profit to 561.5 crore rupees in Q4FY24.
• Sales rose 20.3% to 2,316.2 crore rupees in Q4FY24 against 1,926 crore rupees in the corresponding period of the preceding fiscal. 
• The board recommends a final dividend of Rs 20 per equity share of 1000%.

Revenue from operations rose 20.3% to 2,316.2 crore rupees in the fourth quarter of financial year 2024 against 1,926 crore rupees in the corresponding period of the preceding fiscal. 

Cummins EBITDA jumped 66.9% to 544.3 crore rupees in the fourth quarter of this fiscal over 326.1 crore rupees in the corresponding period of FY23. EBITDA margin stood at 23.5% in the reporting quarter compared to 17% in the corresponding period in the previous fiscal year.

The board has recommended a final dividend of Rs 20 per equity share of 1000% for the financial year ending.

About Cummins India Limited:

Cummins India Limited established in 1962 with its headquarters in Pune, is one of the leading power solutions providers in the country. It is the oldest and the largest entity within the Cummins Group in India. Cummins India is involved in the power generation, aftermarket, and export businesses. It has a strong manufacturing backbone and boasts six manufacturing plants, assembly, and distribution facilities. The company has 480 customer touchpoints and is committed to powering the success of its customers ensuring services and solutions are readily accessible. 

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