Cummins India: Earnings upgrade, improving visibility to support stock
Earnings witness boost led by higher domestic demand01-11-2021
01-11-2021
CUMMINS INDIA LTD. - 500480 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Intimation regarding unaudited financial results for the quarter and half year ended September 30, 2021 published in newspapers.29-10-2021
Cummins India Ltd - 500480 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
Approving the revision in Code of Fair Disclosures and Conduct to Regulate, Monitor and Report Trading by Designated Persons and Immediate Relatives of Designated Persons.28-10-2021
Q2FY22 Quarterly Result Announced for Cummins India Ltd.
Performance Highlights (based on standalone financial results) for the quarter ended September 30, 2021: Total Sales for the quarter at Rs 1,689 Cr. increased by 48% compared to the same quarter last year and 45% compared to the preceding quarter. Domestic sales at Rs 1,250 Cr. improved by 68% compared to the same quarter last year and by 46% as compared to the preceding quarter. Exports Sales at Rs 439 Cr. improved by 10% as compared to the same quarter last year and improved by 43% as compared to the preceding quarter. Profit before tax (before exceptional items) at Rs293Cr. is higher by 55% as compared to the same quarter last year and 71% as compared to the preceding quarter. Profit before tax (after exceptional items) at Rs 293 Cr. is higher by 55% as compared to the same quarter last year and 3% lower as compared to the preceding quarter. Ashwath Ram, Managing Director, Cummins India Limited, said, "As the economy rebounds post COVID-19 Wave II, we see increased demand from key segments for domestic and export markets. The pace of economic recovery is visible, with strong GST collections sustaining above Rs 1 lac crore per month. With near normal monsoon, we expect that rural demand will be sustained. Similarly, the continued focus of the government on infrastructure is helping in economic recovery. With abating COVID-19, economic recovery is visible across various economy segments, and demand in some segments has reached or exceeded the pre Covid level. On the back of strong economic rebound, we had the highest ever quarterly revenue for the quarter under review. Our domestic and export revenue recorded strong growth, both year over year and sequentially. We also saw the revival of demand in export markets. Supply Chain remains constrained; however, there are improvements visible in some areas, especially on locally produced parts. Rising commodity prices coupled with the recent development of shortages in silicon, polymers and coal may have a cascading impact on supply chain and material cost. We continue to leverage our globally integrated supply chain to mitigate this risk and lessen the possible effect of these changes on our business. Our number one priority continues to be the safety and well-being of our employees, serving our customers and communities." Result PDF28-10-2021
Cummins India Ltd - 500480 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Cummins India Limited Financial Results for Q2 2021-2227-10-2021
CUMMINS INDIA LTD. - 500480 - Board Meeting Outcome for Financial Results For The Quarter And Half Year Ended On September 30, 2021
Board Considered and Approved the un-audited Financial Results (Consolidated and Standalone) along-with Limited Review Report of Statutory Auditors'' for the Quarter and Half Year ended September 30, 2021.27-10-2021
Cummins India Ltd - 500480 - Financial Results For The Quarter And Half Year Ended On September 30, 2021
Board Considered and Approved the un-audited Financial Results (Consolidated and Standalone) along-with Limited Review Report of Statutory Auditors'' for the Quarter and Half Year ended September 30, 2021.27-10-2021
CUMMINS INDIA LTD. - 500480 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India26-10-2021
2 stocks ideas by Osho Krishan of Anand Rathi: HDFC Life, Cummins India
CUMMINS INDIA is trading in a rising channel and is currently placed near the lower band of the channel signalling a near-term resurgence19-10-2021
Cummins India Ltd - 500480 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Cummins India Limited has informed the Stock Exchange regarding loss of share certificate reported by shareholder.18-10-2021