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.