Cummins India Limited Q4 results show revenue fell from 2269.89 to 2021.30 crores, a 10.95% decrease in growth. EPS also dropped from ₹14.93 to ₹12.59, down by 15.67%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Cummins India Ltd. shared its Q4 results on Wednesday. They earned 2021.30 crores in revenue this quarter, but that’s less than the 2269.89 crores they made last quarter. Unfortunately, the company’s growth decreased by 10.95 percent when comparing the two quarters.
In terms of profits, Nimbark Ltd’s PAT (Profit After Tax) for this quarter was 348.91 crores, down from 413.80 crores in the previous quarter. Their quarter-to-quarter growth declined by 15.68 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹12.59, which is a decrease of 15.67% from the ₹14.93 EPS in the previous quarter.
Also read: ☞ ” Hindalco Industries Q4FY23 Results: Consolidated PAT of Rs 2,411 Cr “
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 8080.24 crores this year (2023), which is 25.98 percent higher than last year’s total revenue of 6414.11 crores.
This year’s PAT (Profit After Tax) is 1228.15 crores, which is also 31.53% higher than last year’s PAT of 933.74 crores.
The EPS (Earnings Per Share) for this year is ₹44.31, which is 31.56% more than the EPS of ₹33.68 earned last year.
Cummins India Share Dividend Announcement / Record Date:
The Board of Directors has declared a Final Dividend of ₹13 per Equity Share of Face Value of ₹2 each of the Company (650% of Face Value). Total Dividend for FY23 stood at ₹18.50 per Equity Share (Interim Dividend of ₹2 per Equity Share)
| Dividend | Record Date |
| ₹13 per Equity Share | 31/08/2023 |
The record date for the dividend has not arrived yet.
About Cummins India:
Established in 1962, Cummins India Limited is the largest division of Cummins in India and holds the position as the country’s top manufacturer of diesel and natural gas engines. As one of the seven legal entities within the Cummins Group in India, Cummins India Limited consists of three primary business units: Engine, Power Systems, and Distribution.
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