This surge in profitability, surpassing market estimates of ₹430 crore in EBITDA, highlights the company’s effectiveness in cost management amid growing demand.
The company also reported a net profit of ₹450.6 crore, a 37.2% YoY increase, significantly higher than the CNBC-TV18 poll projection of ₹402.76 crore. Revenue reached ₹2,492.3 crore, marking a 31.2% YoY rise and outperforming expectations of ₹2,205.3 crore.
Cummins’ strong financial results position the company well for continued growth, underscoring its strategic focus on operational efficiency and sustained demand across its business segments.
Sales in its engine segment, which includes power generator sets and contributes nearly 80% to overall sales, grew 30% during the quarter.
Cummins management remains “cautiously optimistic” about demand in the near term, especially as India transitions to new emission norms. They also expect a gradual recovery in export demand, though they noted that economic and geopolitical events have created some headwinds in end markets globally.
