Stock Market Today: Cummins India share price gained more than 3% in the morning trade on Thursday, May 29, post its Q4 results and dividend announcement that were made after the stock market trading hours on Wednesday.
Cummins India reported a standalone net profit for the quarter ended March 2025 at ₹521 crore, down 7% year-on-year, compared to a net profit of ₹561.52 crore during the same quarter of the previous fiscal year.
Total sales for the January-March quarter reported by Cummins India stood at ₹2,414 crore, up 6% against ₹2,316.15 crore reported during the corresponding quarter last year. On a sequential basis, the sales figure was lower by 21%.
Domestic sales reported by Cummins India came in at ₹1,935 crore, an increase of 1% compared to the same quarter last year, although on a sequential basis, it was lower by 25%.
At ₹479 crore, export sales rose 39% YoY and 3% sequentially.
The Board of Cummins rewarded the investors by approving and recommending a final dividend of ₹33.50 (1,675% considering the face value of ₹2) per equity share on 277,200,000 fully paid-up equity shares for the Financial Year 2024-25.
The final dividend is in addition to the interim dividend of ₹18/-per equity share announced on February 5, 2025.
Cummins India share price, which opened at ₹2,980.35, was slightly higher compared to the previous day's closing price of ₹2,977.50. Cummins India share price gained further to hit the intraday peak of ₹3,074.70, translating into gains of up to 3.3%.
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