Wednesday, Dec 11 2024 | Time 18:16 Hrs(IST)
image
Business EconomyPosted at: Nov 8 2024 5:52PM


Cummins India total sales in Q2 up by 31 pc

Chennai, Nov 8 (UNI) Cummins India Limited on Thursday reported that its total sales for
the quarter increased by 31 per cent.
The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed
and approved the unaudited financial results for the quarter and period ended September 30,
2024.
Announcing the Performance Highlights (based on standalone unaudited financial results)
for the quarter, a company release said the Total Sales for the quarter stood at Rs 2,448 crore,
higher by 31% compared to the same quarter last year and higher by 8% compared to the
previous quarter.
Domestic sales at Rs 2,008 crore, higher by 47% compared to the same quarter last year and
higher by 7% compared to the previous quarter.
Exports Sales at Rs 440 crore lower by 13% compared to the same quarter last year and higher
by 13% compared to the previous quarter.
Profit before tax at Rs 594 crore is higher by 39% compared to the same quarter last year and
higher by 8% compared to the previous quarter.
Profit after tax at Rs 451 crore is higher by 37% compared to the same quarter last year and
higher by 7% compared to the previous quarter.

Compay MD Shveta Arya said the Indian economy continues to remain resilient despite increasingly
intense geopolitical conflicts. GST collections continue to remain strong, indicating robust underlying
trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year.
With stable fiscal and monetary policies, the Government’s continued emphasis on infrastructure
development, and PLI-led capex, the Indian economy is on course for growth in the range of 6.8%
to 7.2%, according to various estimates.
Cummins India continues to execute its profitable growth strategy and is well-positioned to meet
the demands of its end markets. At the same time, internationally, geopolitical risks and conflicts
continue to pose uncertainty about global trade and supply chain disruptions.
Effective July 1, 2024, with a complete transition to CPCB IV+ emission norms for the applicable
products, the company is well-positioned and had all its products certified well ahead of the time.
UNI GV 1750
Please log in to get detailed story.
Tags: #Cummins India total sales in Q2 up by 31 pc
More News

Jubilant Bhartia Group to pick up 40 pc equity stake in Hindustan Coca-Cola holdings

11 Dec 2024 | 5:43 PM

New Delhi, Dec 11 (UNI) The Jubilant Bhartia Group on Wednesday said that they have entered into a definitive agreement for a strategic investment whereby the Jubilant Bhartia Group will be acquiring a 40% equity interest in Hindustan Coca-Cola Holdings Private Limited, India (HCCH) through its entity Jubilant Beverages Limited.

see more..

Tata Power, Tivolt Electric Vehicles partner to strengthen EV Charging Infrastructure

11 Dec 2024 | 5:38 PM

New Delhi, Dec 11 (UNI) Tivolt Electric Vehicles Private Limited (Tivolt), an EV venture of the Murugappa Group and a subsidiary of TI Clean Mobility, has signed a Memorandum of Understanding (MOU) with Tata Power Renewable Energy Limited (TPREL), a prominent EV charging solutions provider, to enhance e-mobility for commercial vehicles across the country.

see more..

Vodafone Idea adopts Nokia AI-powered MantaRay SON Solution

11 Dec 2024 | 5:35 PM

New Delhi, Dec 11 (UNI) Telecom equipment major Nokia today said it has successfully deployed its cutting-edge AI-powered MantaRay SON (Self-Organizing Networks) solution in Vodafone Idea’s (Vi) 4G and (soon to be launched) 5G networks across India, to ensure seamless, high-capacity and energy efficient connectivity for Vi customers.

see more..

Kottayam-Kochi Rubber market rates

11 Dec 2024 | 5:13 PM

Kottayam Dec 11 (UNI) Following were the Rubber Market rates per quintal announced by the Rubber Board here on Wednesday.

see more..

Linux Foundation launches LF India to expand global open source support and innovation

11 Dec 2024 | 4:58 PM

Chennai, Dec 11 (UNI) The Linux Foundation, the nonprofit organization enabling mass innovation through open source, on Wednesday announced the establishment of the LF India to expand global open source support and innovation.

see more..
image