Profit after tax rose 42% year-on-year and 8% sequentially to Rs 638 crore, reflecting strong operational performance and cost discipline. The improvement across key parameters indicates continued execution strength despite a mixed global environment.
Total sales for the quarter stood at Rs 3,122 crore, up 28% year-on-year and 9% sequentially. Domestic sales rose 28% YoY and 10% QoQ to Rs 2,577 crore, while export sales increased 24% YoY and 4% QoQ to Rs 545 crore.
On the macro front, management noted that indicators such as IIP and PMI point to a stable outlook, supported by improved liquidity following GST 2.0, stable fiscal policy, and low inflation—factors that underpin India’s projected 6.8% GDP growth. However, export prospects remain challenged by geopolitical uncertainties affecting global trade flows and demand.
Looking ahead, the company remains cautiously optimistic about growth across domestic and international markets, supported by a diversified portfolio aligned with evolving emission norms. Management said it continues to work closely with trade partners and explore new opportunities to sustain business momentum while monitoring global developments.
Shares ended the previous session largely unchanged at Rs 4,315. Cummins India has gained 52% over the past six months.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)