Cummins India Ltd. Q3 FY2024 results: revenue ₹2,541 crore
Cummins India Ltd. (CUMMINSIND) reported consolidated revenue from operations of ₹2,541 crore for Q3 FY2024, the quarter ended 31 December 2023. Profit after tax was ₹499 crore, and earnings per share ₹18.00. The figures are the company's own, from the unaudited results it filed with NSE on 8 February 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,541 | 1,922 | n/a | n/a |
| Other income | 99 | 90 | n/a | n/a |
| Total income | 2,641 | 2,011 | n/a | n/a |
| Cost of materials consumed | 1,239 | 1,112 | n/a | n/a |
| Purchases of stock-in-trade | 232 | 134 | n/a | n/a |
| Changes in inventories | 119 | -37 | n/a | n/a |
| Employee benefit expense | 215 | 199 | n/a | n/a |
| Finance costs | 6 | 7 | n/a | n/a |
| Depreciation, depletion and amortisation | 42 | 38 | n/a | n/a |
| Other expenses | 194 | 168 | n/a | n/a |
| Total expenses | 2,048 | 1,620 | n/a | n/a |
| Profit before exceptional items and tax | 593 | 391 | n/a | n/a |
| Exceptional items | -2 | 0 | n/a | n/a |
| Profit before tax | 591 | 391 | n/a | n/a |
| Current tax | 155 | 99 | n/a | n/a |
| Deferred tax | -8 | 1 | n/a | n/a |
| Total tax | 148 | 100 | n/a | n/a |
| Profit after tax | 499 | 329 | n/a | n/a |
| Attributable to owners of the parent | 499 | 329 | n/a | n/a |
| Other comprehensive income | -2 | -8 | n/a | n/a |
| Total comprehensive income | 497 | 321 | n/a | n/a |
| EPS, basic | ₹18.00 | ₹11.87 | n/a | n/a |
| EPS, diluted | ₹18.00 | ₹11.87 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,922 | 2,541 | 2,319 | 2,316 | 2,509 | 3,096 | 2,470 | 2,907 | 3,170 | 3,055 | 3,011 | 3,426 |
| Expenses | 1,620 | 2,048 | 1,829 | 1,892 | 2,072 | 2,551 | 1,997 | 2,334 | 2,527 | 2,476 | 2,423 | 2,866 |
| Operating profit | 346 | 543 | 539 | 473 | 484 | 598 | 525 | 624 | 695 | 634 | 642 | 616 |
| OPM % | 18% | 21% | 23% | 20% | 19% | 19% | 21% | 21% | 22% | 21% | 21% | 18% |
| Other income | 90 | 99 | 100 | 104 | 105 | 111 | 126 | 134 | 123 | 116 | 145 | 137 |
| Interest | 7 | 6 | 6 | 5 | 3 | 3 | 5 | 3 | 3 | 5 | 2 | 4 |
| Depreciation | 38 | 42 | 42 | 44 | 45 | 49 | 46 | 48 | 49 | 50 | 51 | 53 |
| Exceptional items | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 13 | 0 | -127 | 32 | 0 |
| Profit before tax | 391 | 591 | 590 | 528 | 542 | 657 | 600 | 719 | 766 | 569 | 766 | 697 |
| Tax % | 25% | 25% | 23% | 25% | 27% | 24% | 27% | 25% | 26% | 25% | 26% | 25% |
| Net profit | 329 | 499 | 539 | 463 | 449 | 558 | 530 | 604 | 622 | 486 | 649 | 609 |
| EPS in ₹ | ₹11.87 | ₹18.00 | ₹19.44 | ₹16.69 | ₹16.21 | ₹20.15 | ₹19.10 | ₹21.79 | ₹22.45 | ₹17.53 | ₹23.43 | ₹21.98 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 8 February 2024: the result statement. All of Cummins India Ltd.'s results: NSE company page.
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