Cummins India declared their Q3 FY24 results on 07 Feb, 2024. The topline increased by 16.31% and the profit increased by 20.57% YoY. Compared to the previous quarter, the revenue grew by 32.26% and the profit increased by 51.6%.
The Selling, general & administrative expenses rose by 8.17% q-o-q and increased by 29.56% YoY.
The operating income was up by 61.89% q-o-q and increased by 31.75% YoY.
The EPS is ₹18.05 for Q3 FY24, which increased by 20.88% YoY.
Cummins India has delivered a return of 14.24% in the last 1 week, 46.5% in the last 6 months, and 31.64% YTD.
Currently, Cummins India has a market cap of ₹71663.13 Cr and a 52wk high/low of ₹2648.8 & ₹1481 respectively.
As of 10 Feb, 2024, out of 21 analysts covering the company, 2 analysts have given a Strong Sell rating, 5 analysts have given a Sell rating, 7 analysts have given a Hold rating, 3 analysts have given a Buy rating, and 5 analysts have given a Strong Buy rating.
The consensus recommendation as of 10 Feb, 2024, was to Hold.
The company has also declared an interim dividend of ₹18.0. The record date for the dividend is 21 Feb, 2024, and the ex-dividend date will be 21 Feb, 2024.
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2541.38 | 1921.55 | +32.26% | 2185.04 | +16.31% |
| Selling/ General/ Admin Expenses Total | 214.9 | 198.67 | +8.17% | 165.87 | +29.56% |
| Depreciation/ Amortization | 42.29 | 38.26 | +10.53% | 34.73 | +21.77% |
| Total Operating Expense | 2042.86 | 1613.62 | +26.6% | 1806.67 | +13.07% |
| Operating Income | 498.52 | 307.93 | +61.89% | 378.37 | +31.75% |
| Net Income Before Taxes | 646.76 | 428.68 | +50.87% | 532.7 | +21.41% |
| Net Income | 498.91 | 329.09 | +51.6% | 413.8 | +20.57% |
| Diluted Normalized EPS | 18.05 | 11.87 | +52.04% | 14.93 | +20.88% |
FAQs
Question : What is the Q3 FY24 profit/Loss as per company?
Ans : ₹498.91Cr
Question : What is Q3 FY24 revenue?
Ans : ₹2541.38Cr
Stay updated on quarterly results with our results calendar
Here’s your comprehensive 3-minute summary of all the things Finance Minister Nirmala Sitharaman said in her Budget speech: Click to download!
Download The Mint News App to get Daily Market Updates & Live Business News.
Published: 10 Feb 2024, 03:44 AM IST