Big Movers on D-St: What should investors do with Cummins India, KPIT Tech and M&M Financial?
Stocks that were in focus include names like Cummins India which was up nearly 7%, KPIT Technologies rose nearly 2% to hit a fresh 52-week high, and M&M Financial Services hit a fresh 52-week high on Thursday.
Cummins India Results Earnings Call for Q3FY23
Conference Call with Cummins India Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Submission of Audio Recording of Investor/Analyst Call
Cummins India surges 10%, hits record high on robust Q3 results
The company reported record quarterly revenue driven by strong domestic and export revenue coupled with prudent cost management resulting in record quarterly profit.
Cummins scales lifetime high on strong demand outlook
Cummins India is a manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. Q3FY23 Quarterly Result Announced for Cummins India Ltd.
Industrial machinery firm Cummins India announced Q3FY23 results: Q3FY23: Total sales for the quarter at Rs 2,144 crore increased by 26% compared to the same quarter last year and by 12% compared to the previous quarter. Domestic sales at Rs 1,603 crore increased by 27% compared to the same quarter last year and by 15% compared to the previous quarter. Exports sales at Rs 541 crore increased by 23% compared to the same quarter last year and by 2% compared to the previous quarter. Profit before exceptional items and tax at Rs 479 crore is higher by 50% compared to the same quarter last year and higher by 42% compared to the previous quarter. Profit before tax at Rs 479 crore is higher by 50% compared to the same quarter last year and higher by 42% compared to the previous quarter. Ashwath Ram, Managing Director, Cummins India Limited, said: "The demand momentum we saw in the earlier quarters continued across segments, including international markets during the quarter. With moderation in commodity costs, oil, and other industrial raw material coupled with easing inflation, the buoyant tax collections economy continues to sustain growth momentum. CIL services a broad spectrum of the economy, and we see continued demand from end markets like data centres, commercial real estate, rental, infrastructure, healthcare, and telecom, etc., Besides, Industrial sectors like mining, railways, construction, etc., demand is holding up. For the quarter ended December 31, 2022, CIL reported record quarterly revenue driven by strong domestic and export revenue coupled with prudent cost management resulting in record quarterly profit. We continue to see supply chain challenges, especially for specific electronic and other components. With geopolitical risk and inflation likely to slow down developed markets, we remain cautiously optimistic about the short to medium-term demand outlook." Result PDF CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - February 08, 2023. CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
In terms of Regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the exchange that the Board of Directors at their meeting held on February 08, 2023 have declared an Interim Dividend of Rs. 12/- per equity shares on 277,200,000 equity shares (Face Value Rs. 2/- each) for the Financial Year 2022-23. The Dividend warrants for the said interim dividend will be dispatched by March 06, 2023 and the dividend will be paid on March 08, 2023. CUMMINS INDIA LTD. - 500480 - Corporate Action-Board approves Dividend
In terms of Regulation 30 read with Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform the exchange that the Board of Directors at their meeting held on February 08, 2023 have declared an Interim Dividend of Rs. 12/- per equity shares on 277,200,000 equity shares (Face Value Rs. 2/- each) for the Financial Year 2022-23. The Dividend warrants for the said interim dividend will be dispatched by March 06, 2023 and the dividend will be paid on March 08, 2023. CUMMINS INDIA LTD. - 500480 - Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results And Limited Review Report For The Quarter And Nine Months Ended On December 31, 2022, And Declaration Of Interim Dividend For FY 2022-23.
Unaudited standalone and consolidated Financial Results and Limited Review Report for the Quarter and nine months ended on December 31, 2022, and declaration of Interim Dividend for FY 2022-23.