Industrial Machinery company Cummins India announced Q2FY25 results Total Sales for the quarter at Rs 2,448 crore. higher by 31% compared to Q2FY24 and higher by 8% compared to Q1FY25. Domestic sales at Rs 2,008 crore. higher by 47% compared to Q2FY24 and higher by 7% compared to Q1FY25. Exports Sales at Rs 440 crore. lower by 13% compared to Q2FY24 and higher by 13% compared to Q1FY25. Profit before tax at Rs 594 crore. is higher by 39% compared to Q2FY24 and higher by 8% compared to Q1FY25. Profit after tax at Rs 451 crore. is higher by 37% compared to Q2FY24 and higher by 7% compared to Q1FY25. Shveta Arya, Managing Director, Cummins India, 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 Limited 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. Result PDF
Conference Call with Cummins India Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.