Earnings Call for Q4FY22 of Cummins India
Conference Call with Cummins India Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.27-05-2022
27-05-2022
Q4FY22 Quarterly Result Announced for Cummins India Ltd.
Industrial Machinery company Cummins India declares Q4FY22 result: Total Sales for the quarter at Rs 1,468 Cr. increased by 19% compared to the same quarter last year and decreased by 14% compared to the last quarter. Domestic sales at Rs 1,046 Cr. increased by 7% compared to the same quarter last year and decreased by 17% compared to the last quarter. Exports Sales at Rs 423 Cr. increased by 66% compared to the same quarter last year and decreased by 4% compared to the last quarter. Profit before tax at Rs 244 Cr. is lower by 1% compared to the same quarter last year and by 24% compared to the last quarter. Total Sales for the year ended March 31, 2022, at Rs 6,026 Cr., increased by 42% compared to last year. Domestic sales for the year ended March 31, 2022, at Rs 4,416 Cr., were higher by 42% compared to last year. Exports Sales for the year ended March 31, 2022, at Rs 1,610 Cr., were higher by 40% compared to last year. Profit before tax (before exceptional items) for the year ended March 31, 2022, at Rs 1,027 Cr., is 27% higher as compared to the last year. Profit before tax (after exceptional items) for the year ended March 31, 2022, at Rs 1,159 Cr., is 44% higher as compared to the last year. Ashwath Ram, Managing Director, Cummins India Limited, said: Post-Covid waves 1 and 2, the Indian economy rebounded strongly due to various factors like mass vaccination, proactive fiscal policy measures directed towards ease of doing business, Make in India, etc. Monetary policy remained accommodative with a soft interest rate scenario till recent times. Besides, pent-up demand was broad-based across various segments of the economy. We believe that despite supply chain disruptions, high commodity costs, and geopolitical issues, India is on the path to sustained economic recovery considering strong domestic demand and robust export performance. Economic recovery is visible with record monthly GST collections over Rs 1 Lakh Cr. for most of the year; increased spending on discretionary items; Capex, primarily private Capex cycle is slowly coming back. An elevated level of inflation and associated actions to contain inflation from the Government and the RBI to raise interest rates may to some extent, impact demand in the near to medium term. I am pleased to announce that Cummins India Limited, its associate and JV companies Cummins Generator Technologies India Pvt Limited, and Valvoline Cummins Private Limited, posted record annual revenue in FY'22. This record revenue performance was possible due to focused and dedicated efforts of our employees, supply chain partners, and continued strong support from Cummins Inc. to help us meet customer demand. I am delighted that our teams delivered record revenue despite significant supply chain disruptions. We continue to leverage our globally integrated supply chain to address the supply challenges, and our endeavor remains to sustain profitable growth in this challenging inflationary business environment. Result PDF27-05-2022
CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Change in Management
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the re-appointment of Managing Director and Key Managerial Personnel of the Company.26-05-2022
CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of schedule of analyst call under Regulation 30(4) of the SEBI (Listing Obligation!''." and Disclosure Requirements) Regulations, 2015.26-05-2022
CUMMINS INDIA LTD. - 500480 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report for the year ended March 31, 2022.26-05-2022
CUMMINS INDIA LTD. - 500480 - Declaration In Terms Of Regulation 33 (3) (D) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
and Disclosure Requirements) Regulations, 2015, as amended, we declare that M/s. Price Waterhouse & Co Chartered Accountants LLP, Statutory Auditors (Firm Registration Number 304026E/E-300009) of the Company have submitted Audit Reports for annual financial results (standalone and consolidated) of the Company for the financial year ended March 31, 2022 with unmodified opinion(s).26-05-2022
CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are enclosing for your records a copy of the Press Release dated May 26, 2022 regarding standalone and consolidated audited financial results of the Company for the year ended March 31, 2022.26-05-2022
CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Date of payment of Dividend
This is to inform the exchange that the Board of Directors have recommended Final Dividend of Rs. 10.5/- (525%) per equity shares on 277,200,000 equity shares (Face Value Rs. 2/- each fully paid up) for the financial year ended on March 31, 2022 to the Members of the Company in addition to the interim dividend of Rs. 8/- per share declared on February 10, 2022. Record date for the purpose of ascertaining the payment of final dividend of Rs. 10.5/- (525%) per equity share for the FY 2021-22 is August 03, 2022, subject to the approval of the shareholders at ensuing Annual General Meeting. The pay-out date will be September 06, 2022. Kindly take this submission on your record.26-05-2022
CUMMINS INDIA LTD. - 500480 - Board Meeting Outcome for Audited Financial Results, Statutory Auditors'' Report For The Quarter And Year Ended March 31, 2022, And Recommendation Of Final Dividend For FY 2021 - 22.
This is to inform you that the Board of Directors of the Company at its meeting held on May 26, 2022, inter-alia, unanimously approved/took on record the standalone and consolidated audited financial results for the quarter & year ended March 31, 2022 and have also recommended Final Dividend of Rs. 10.5/- per (525%) equity shares on 277,200,000 equity shares (Face Value Rs. 2/- each fully paid up) for the financial year ended on March 31, 2022 in addition to the interim dividend of Rs. 8/- per share declared on February 10, 2022. We are enclosing a copy of the Statutory Auditors'' report along-with the standalone and consolidated audited financial results for the quarter and year ended March 31, 2022. Kindly take this submission on your record.26-05-2022