Cummins Q3 numbers beat the Street, net profit rises 13%; declares dividend

Cummins Q3 numbers beat the Street, net profit rises 13%; declares dividend

Power solutions technology provider Cummins India Ltd on Wednesday (February 5) reported a 13% year-on-year (YoY) increase in standalone net profit at ₹514 crore for the third quarter that ended on December 31, 2024, beating the Street expectations.

Company Value Change %Change

The company posted a net profit of ₹455 crore in Q3 FY24. The CNBC-TV18 poll had predicted a profit of ₹485 crore for the quarter under review.

Standalone revenue surged 21.8% to ₹3,086 crore against ₹2,534 crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹2,787 crore for the quarter under review.

Also Read: Sagility India Q3 Results | Net profit jumps nearly 3x, margin expands

Standalone EBITDA was up 11.5% to ₹600 crore in the third quarter of this fiscal over ₹538 crore in the year-ago period, again higher than the CNBC-TV18 poll forecast of ₹537.6 crore.

The EBITDA margin stood at 19.4% in the reporting quarter compared to 21.2% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 19.3% for the quarter under review.

The board of directors has approved and declared an interim dividend of ₹18 (900%) per equity share on 277,200,000 equity shares  with face value ₹2 each for the financial year 2024-25. The board has fixed Friday, February 14, as the record date. The interim dividend will be paid by March 3.

Also Read: GE Vernova Q3 net profit zooms nearly 3-fold on higher margin, order wins; beats forecast

The results came after the close of the market hours. Shares of Cummins India Ltd ended at ₹2,934.05, up by ₹80.60, or 2.82%, on the BSE.

Jorge Martin, Reigning MotoGP Champion, Fractures Hand And Foot In Pre-Season Testing Crash. Video Previous post Jorge Martin, Reigning MotoGP Champion, Fractures Hand And Foot In Pre-Season Testing Crash. Video
Exit Polls Predict BJP’s Return In Delhi. What Did They Forecast In 2020? Next post Exit Polls Predict BJP’s Return In Delhi. What Did They Forecast In 2020?

Leave a Reply

Your email address will not be published. Required fields are marked *