CHENNAI: Cummins India Limited (NSE: CUMMINSIND, BSE: 500480) – The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed, and approved the unaudited financial results for the quarter and period ended December 31, 2024.

Performance Highlights (based on standalone unaudited financial results) for the quarter ended December 31, 2024:

• TotalSales for the quarter at ₹ 3,041  higher by 22% compared to the same quarter last year and higher by 24% compared to the previous quarter.
• Domestic salesat ₹ 2,577 Cr. higher by 18% compared to the same quarter last year and higher by 28% compared to the previous quarter.
• Exports Salesat ₹ 464 Cr. higher by 43% compared to the same quarter last year and higher by 5% compared to the previous quarter.
• Profitbefore tax at ₹ 670  is higher by 11% compared to the same quarter last year and higher by 13% compared to the previous quarter.
• Profit after taxat ₹ 514 Cr. is higher by 13% compared to the same quarter last year and higher by 14% compared to the previous quarter.

Shveta Arya, Managing Director, Cummins India Limited, said:

While inflation is easing in most countries, there is still uncertainty in different regions globally, leading to overall subdued outlook. US policy is expected to have a significant impact on the global economy in the years ahead. Amidst the uncertainties in various global economies, Indian economy is recovering well after slower growth in Q2 FY25. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year.

Cummins India Limited continues to execute its profitable growth strategy and has recorded the highest quarterly revenue as a result of the robust demand across segments.

Future Outlook:

The Company has a strong portfolio of CPCB IV+ emission norms-compliant products to meet customer demand across the entire product range. With the adoption of new genset emission norms, we remain cautiously optimistic about the demand outlook for the near-term and optimistic about the long-term growth prospects.

Regarding exports, the company continues to work closely with its trade partners to drive growth in respective end markets. With its diversified portfolio of products, company remains optimistic about the recovery in exports demand.

The Company has access to latest technology, a trusted brand, wide range of incredible products, world-class manufacturing capabilities, best-in-class talent, and a customer-centric service organization with an extensive distribution and service network throughout the country and neighboring regions. The company is well- positioned with a strong balance sheet and liquidity position to support profitable growth.