Cummins India Q4 Results: Profit Falls But Beats Estimates; Dividend Of Rs 33.5 Apiece
Revenue up 6.1% to Rs 2,457 crore in the March quarter.
Cummins India Ltd.'s standalone net profit declined 7% in the March quarter of the financial year, even as it managed to beat analysts' estimates.
The engine maker reported a profit of Rs 521 crore in the fourth quarter, compared to Rs 561 crore in the year-ago period, according to an exchange filing on Wednesday. The bottom line was much higher than the Rs 476 crore projected by analysts polled by Bloomberg.
Cummins Q4 Highlights (Standalone, YoY)
Revenue up 6.1% to Rs 2,457 crore versus Rs 2,316 crore (Estimate: Rs 2,693 crore).
Ebitda down 4.4% to Rs 520 crore versus Rs 544 crore (Estimate: Rs 523 crore).
Ebitda margin at 21.2% versus 23.5% (Estimate: 19.4%).
Net profit down 7% to Rs 521 crore versus Rs 561 crore (Estimate: Rs 476 crore).
Other Key Highlights
Domestic sales were higher by 1% compared to the same quarter last year and lower by 25% compared to the previous quarter.
Exports sales are higher by 39% compared to the same quarter last year and higher by 3% compared to the previous quarter.
Future Outlook
The company remains cautiously optimistic about momentum in the domestic as well as international market.
While the geopolitical tensions have eased partially, the impact of global tax and trade policies on the economic situation is still undetermined in the near to mid-term future.
The board approved and recommended a final dividend of Rs 33.5 per share for FY25, in addition to the interim dividend of Rs 18 announced in February. The final dividend, once approved by shareholders at the ensuing Annual General Meeting, will be paid on or around Sept. 2.
Shares of Cummins India closed 0.12% higher at Rs 2,977.35 apiece on the BSE, compared to a 0.3% decline in the benchmark Sensex. The results were released after market hours.
