Cummins India posts 1.2% PAT growth in Q3; stock up ~7%

Cummins India posts 1.2% PAT growth in Q3; stock up ~7%

Cummins India
 reported its Q3FY20 result on Wednesday. Net sales of the company for the quarter ended December 31, 2019 stood at Rs1,428cr, declined 2% vs. Rs1,463cr recorded in the same quarter last year and grew by 11% compared to Rs1,285cr recorded in the preceding quarter.

Profit before tax (excluding exceptional items) during the current quarter at Rs254cr was 6% lower as compared to Rs270cr recorded during the same quarter last year and 21% higher as compared to Rs210cr recorded during the preceding quarter.

The company's Q3FY20 net profit was up 1.2% yoy at Rs199.9cr vs. Rs197.5cr in the year-ago period. 

Domestic sales in the current quarter at Rs1,058cr increased 4% as compared to Rs1,022cr recorded during the same quarter last year and increased 12% as compared to Rs947cr recorded during the preceding quarter.

Exports for the current quarter stood at Rs370cr, declining 16% as compared to Rs441cr recorded in the same quarter last year, however improved 10% over Rs337cr recorded in the preceding quarter.




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