Cummins India Ltd.'s share price jumped over 5% on Thursday, after it reported revenue and Ebitda growth in the third quarter of fiscal 2025.
The company's revenue rose by 21.8% to Rs 3,096 crore from Rs 2,541 crore. Its Ebitda also saw a positive uptick, increasing by 10.1% to Rs 598 crore from Rs 543 crore.
However, the Ebitda margin contracted 19.3%, compared to the previous year’s 21.3%. Net profit for the quarter rose by 11.9%, reaching Rs 559 crore from Rs 499 crore.
Cummins India Ltd., a subsidiary of Cummins Inc., is a leading manufacturer of diesel and natural gas engines, generator sets, and related components.
Established in 1962, the company has a strong presence in the Indian market, catering to various sectors, including automotive, power generation, industrial, and construction.
Cummins India Share Price
Shares of Cummins India rose as much as 5.78% to Rs 3,090 apiece. It pared gains to trade 1.84% higher at Rs 2,974 apiece, as of 09:48 a.m. This compares to a 0.13% decline in the NSE Nifty 50.
The stock has risen 23% in the last 12 months. Total traded volume so far in the day stood at 15 times its 30-day average. The relative strength index was at 51.
Out of 27 analysts tracking the company, 13 maintain a 'buy' rating, five recommend a 'hold' and nine suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 24.9%.
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