Cummins India Q1FY24 Results: Consolidated PAT of Rs. 353.72 Cr

Cummins India Q1FY24 Results: Consolidated PAT of Rs. 353.72 Cr

Cummins India Q1 results show revenue up from 2021.30 crores to 2307.23 crores, a 14.15% increase in growth. EPS rise from ₹12.59 to ₹12.76, up by 1.35%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Cummins India shared its Q1 results on Thursday. They earned 2307.23 crores in revenue this quarter, but that’s more than the 2021.30 crores they made last quarter. The company’s growth increased by 14.15 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 353.72 crores, up from 348.91 crores in the previous quarter. Their quarter-to-quarter growth increased by 1.38 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹12.76, which is an increase of 1.35% from the ₹12.59 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2307.23 crores this year (2023), which is 30.89 percent higher than last year’s total revenue of 1762.79 crores.

This year’s PAT (Profit After Tax) is 353.72 crores, which is also 78.53% higher than last year’s PAT of 198.13 crores.

The EPS (Earnings Per Share) for this year is ₹12.76, which is 78.46% more than the EPS of ₹7.15 earned last year.

Also Read: Bharti Airtel Q1FY24 Results: Consolidated PAT of Rs. 1612.5 Cr

Cummins India Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Cummins India:

Cummins India Limited is a manufacturer of internal combustion engines, encompassing diesel, reciprocating pistons, gas turbines, and gasoline engines. Additionally, the company produces generating sets and passenger motor vehicles designed for public transport, including luxury coaches and airfield buses.

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