Cummins India Share Price Dips 0.99%; Reports 37% YoY Profit Growth in Q2 FY 2025 Earnings

Cummins India posted its unaudited financial results for the quarter ended September 30, 2024. After releasing the results, the company’s share price started gaining attention. 

On November 8, 2024, Cummins India share price opened at ₹3,600.95, up from its previous close of ₹3,554.55. However, at 10:07 AM, the share price of Cummins India was trading at ₹3,519.30, marking a slight decline of 0.99%.

Financial Highlights for Q2 FY2025

Cummins India achieved total sales of ₹2,448 crore, reflecting a 31% year-on-year growth compared to the same quarter in FY2024, and an 8% increase from the previous quarter. The domestic segment recorded growth, reaching ₹2,008 crore, up by 47% compared to Q2 FY2024, and increasing by 7% from the previous quarter. Export sales were ₹440 crore, 13% lower than the same quarter last year but showing a 13% improvement over the previous quarter.

The company’s PAT was reported at ₹451 crore, a 37% increase year-on-year and a 7% rise over the previous quarter.

Future Outlook

Cummins India remains positive about its long-term growth trajectory and is well-prepared for the transition to CPCB IV+ emission norms with an extensive portfolio of emission-compliant products. 

The company’s management is cautiously optimistic about domestic demand in the near term, expecting sustained growth due to its wide product range and commitment to regulatory compliance.

The company is also actively collaborating with trade partners to stimulate export growth, despite the challenging economic and geopolitical landscape affecting some of its international markets. Cummins India is optimistic that its strong portfolio, advanced technology, and diversified products will support a rebound in export demand in the medium to long term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.