Cummins India Q4 Results Live : profit rise by 54.44% YOY

Cummins India Q4 Results Live : Cummins India announced their Q4 results on 29 May, 2024, with a 19.92% increase in revenue and a significant 54.44% rise in profit year-over-year.

While there was an 8.75% revenue decline compared to the previous quarter, the profit saw an 8.01% increase.

Selling, general & administrative expenses went down by 9.66% quarter-over-quarter but rose by 20.55% year-over-year.

Operating income slightly decreased by 0.48% sequentially but showed a strong 69.62% growth year-over-year.

The Earnings Per Share (EPS) for Q4 stood at ₹19.44, marking a 54.47% increase from the previous year.

Cummins India recorded a -4.31% return in the last week, while boasting impressive returns of 88.4% over the past 6 months and 83.14% year-to-date.

With a market capitalization of ₹99703.29 Cr, Cummins India’s 52-week high/low stands at ₹3900 & ₹1653.3 respectively.

Analysts covering the company have varied recommendations, with 2 analysts giving a Strong Sell rating, 5 analysts a Sell rating, 8 analysts a Hold rating, 3 analysts a Buy rating, and 6 analysts a Strong Buy rating.

As of 01 Jun, 2024, the consensus recommendation for Cummins India was to Hold, aligning with the declared final dividend of ₹20.0 with an ex-dividend date of 19 Jul, 2024.

Cummins India Financials

Period	Q4	Q3	Q-o-Q Growth	Q4	Y-o-Y Growth
Total Revenue	2319.02	2541.38	-8.75%	1933.85	+19.92%
Selling/ General/ Admin Expenses Total	194.15	214.9	-9.66%	161.05	+20.55%
Depreciation/ Amortization	42.38	42.29	+0.21%	37.61	+12.68%
Total Operating Expense	1822.89	2042.86	-10.77%	1641.35	+11.06%
Operating Income	496.13	498.52	-0.48%	292.5	+69.62%
Net Income Before Taxes	676.26	646.76	+4.56%	444.4	+52.17%
Net Income	538.86	498.91	+8.01%	348.91	+54.44%
Diluted Normalized EPS	19.44	18.05	+7.72%	12.59	+54.47%