Cummins India Q2 Results Live: Profit Rise by 36.55% YOY
Cummins India Q2 Results Live: Revenue increased by 30.55% YoY & profit increased by 36.55% YoY.
Cummins India Q2 Results Live : Cummins India declared its Q2 results on November 7, 2024, showcasing significant growth in both revenue and profit. The company reported a topline increase of 30.55% year-over-year (YoY) and a remarkable profit surge of 36.55% YoY.
In comparison to the previous quarter, Cummins India saw an 8.34% growth in revenue, although profit experienced a slight decline of 2.86%. This indicates robust year-on-year performance despite minor quarterly fluctuations.
Additionally, the company's selling, general, and administrative expenses rose by 5.78% quarter-over-quarter (q-o-q) and showed a marginal increase of 0.03% YoY. This rise in expenses could be a factor in the quarterly profit decrease.
The operating income also demonstrated positive momentum, up by 2.34% q-o-q and an impressive 42.56% YoY, reflecting the company's strong operational efficiency.
Earnings per share (EPS) for Q2 stood at ₹16.21, marking a 36.56% increase YoY, which is a strong indicator of the company's profitability and financial health.
In terms of stock performance, Cummins India has delivered a 1.54% return over the past week, 4.6% over the last six months, and a staggering 80.99% year-to-date (YTD) return, showcasing investor confidence in the company.
Currently, Cummins India holds a market capitalization of ₹98,532.13 crore, with a 52-week high of ₹4,171.90 and a low of ₹1,731.45, indicating its strong position in the market.
As of November 8, 2024, out of 22 analysts covering Cummins India, the ratings are mixed: 2 analysts have given a Strong Sell rating, 7 analysts have rated it as Sell, 5 as Hold, 5 as Buy, and 3 as Strong Buy. The consensus recommendation stands at Hold.
Cummins India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2508.6 | 2315.56 | +8.34% | 1921.55 | +30.55% |
| Selling/ General/ Admin Expenses Total | 198.72 | 187.87 | +5.78% | 198.67 | +0.03% |
| Depreciation/ Amortization | 44.96 | 44.34 | +1.4% | 38.26 | +17.51% |
| Total Operating Expense | 2069.62 | 1886.6 | +9.7% | 1613.62 | +28.26% |
| Operating Income | 438.98 | 428.96 | +2.34% | 307.93 | +42.56% |
| Net Income Before Taxes | 593.84 | 595.07 | -0.21% | 428.68 | +38.53% |
| Net Income | 449.37 | 462.61 | -2.86% | 329.09 | +36.55% |
| Diluted Normalized EPS | 16.21 | 16.69 | -2.88% | 11.87 | +36.56% |
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First Published:8 Nov 2024, 12:15 PM IST
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