Cummins India’s second quarter results are announced in real time: profit increased by 36.55% year-on-year

Cummins India second quarter results live broadcast: Cummins India announced its second quarter results on November 7, 2024, with significant growth in both revenue and profit. The company’s revenue increased by 30.55% year-on-year, and its profit increased significantly by 36.55% year-on-year.

Compared with the previous quarter, Cummins India’s revenue increased by 8.34%, and its profit decreased slightly by 2.86%. This indicates strong year-over-year performance despite lower quarterly fluctuations.

In addition, the company’s selling expenses, general expenses and administrative expenses increased by 5.78% month-on-month and increased slightly by 0.03% year-on-year. Higher expenses may have been a factor in the quarterly profit decline.

Operating income also showed good momentum, increasing by 2.34% month-on-month and 42.56% year-on-year, reflecting the company’s strong operating efficiency.

Second quarter earnings per share (EPS) were $16.21, a year-on-year increase of 36.56%, which is a strong indicator of a company’s profitability and financial health.

In terms of stock performance, Cummins India returned 1.54% over the past week and 4.6% over the past six months, with year-to-date (YTD) returns at a staggering 80.99%, showing how investors are investing in the company confidence.

Currently, Cummins India has a market capitalization of $98,532.13 Crore, a new 52-week high $4,171.90 The lowest price is $1,731.45, indicating its strong position in the market.

Among the 22 analysts covering Cummins India as of November 8, 2024, ratings are mixed: 2 analysts have a Strong Sell rating, 7 have a Sell rating, and 5 have a Hold rating Ratings, 5 analysts rate it Buy and 3 analysts rate it Strong Buy. The consensus recommendation is to maintain the hold.