Questions across 6 calls

Ashwath Ram

Firm not listed in source transcripts

Cummins India Limited

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-08-07

I think for the quarter, I think it was a perfect storm of all portions of the industrial business firing. So, whether it is construction, which was Rs. 134 crores or whether it was rail which was Rs. 107 crores or mining which was Rs. 19 crores or compressor which was Rs. 44 crores, marine was Rs. 33 crores and everything else. When you added all of that in the total of Rs. 373 crores, we saw that pretty much all of the segments were doing well, and I think that is very broadly correlated to the fact that infrastructure continues to do well in India and is likely to continue to do well for the next few years.

It's not apparent as of now. If there's been real market share gain, we would get that kind of analysis in the near future. But the demand has continued to be strong for our product.

Cummins India Limited CC-Jun24.pdf · 2024-08-07

I think for the quarter, I think it was a perfect storm of all portions of the industrial business firing. So, whether it is construction, which was Rs. 134 crores or whether it was rail which was Rs. 107 crores or mining which was Rs. 19 crores or compressor which was Rs. 44 crores, marine was Rs. 33 crores and everything else. When you added all of that in the total of Rs. 373 crores, we saw that pretty much all of the segments were doing well, and I think that is very broadly correlated to the fact that infrastructure continues to do well in India and is likely to continue to do well for the next few years.

It's not apparent as of now. If there's been real market share gain, we would get that kind of analysis in the near future. But the demand has continued to be strong for our product.

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-05-30

Yes. I think it's a combination of multiple things why the margins are better for this quarter. One is we got a onetime true down benefit of a little over Rs. 60 crores from management cross charges. Second is we have some advantages on rates and taxes. We also had some netty benefits, so the combined other expenses came in a lot lower. Like you said, it's a onetime gain that we had this year and this quarter. Similarly, we also saw that profit was better because mix was better. We were able to contain our costs reasonably well. We were able to hold on to some of the commodity gains even though commodities have started to inch up and we had some mix advantages that were favorable to us.

That's correct.

Cummins India Limited CC-Mar24.pdf · 2024-05-30

Yes. I think it's a combination of multiple things why the margins are better for this quarter. One is we got a onetime true down benefit of a little over Rs. 60 crores from management cross charges. Second is we have some advantages on rates and taxes. We also had some netty benefits, so the combined other expenses came in a lot lower. Like you said, it's a onetime gain that we had this year and this quarter. Similarly, we also saw that profit was better because mix was better. We were able to contain our costs reasonably well. We were able to hold on to some of the commodity gains even though commodities have started to inch up and we had some mix advantages that were favorable to us.

That's correct.

Analysts/Institutional Investor Meet/Con. Call Updates Cummins India Limited has informed the Exchange about Transcript · 2024-02-08

Yes. So I'll start off by saying -- talk about CPCB IV+. CPCB IV+, as you know, the full implementation is only going to happen by June of this year. And so we have been selling CPCB IV+ products in some limited markets, the markets where the regulation has already been implemented. And we have so far sold a little over 3,000 gensets in those markets and they are doing very well. They are at slightly better realization than the CPCB II gensets. But it's very difficult to predict the exact difference between what will happen when full implementation happens versus when the product has at times for us to mature and bring down costs and all of those kinds of things, whereas the CPCB II product is a fully matured product. And as far as growth for the -- for Power Generation versus the previous year, we have grown the Power Generation market by 29%.

Volume-wise is roughly is proportional -- it's just -- it's pretty complicated to answer that question because the mix is very, very sophisticated, as far as Cummins India is concerned. But if you take out certain aspects of pricing, I would say in excess of 20% is the growth in volume.

Cummins India Limited CC-Dec23.pdf · 2024-02-08

Yes. So I'll start off by saying -- talk about CPCB IV+. CPCB IV+, as you know, the full implementation is only going to happen by June of this year. And so we have been selling CPCB IV+ products in some limited markets, the markets where the regulation has already been implemented. And we have so far sold a little over 3,000 gensets in those markets and they are doing very well. They are at slightly better realization than the CPCB II gensets. But it's very difficult to predict the exact difference between what will happen when full implementation happens versus when the product has at times for us to mature and bring down costs and all of those kinds of things, whereas the CPCB II product is a fully matured product. And as far as growth for the -- for Power Generation versus the previous year, we have grown the Power Generation market by 29%.

Volume-wise is roughly is proportional -- it's just -- it's pretty complicated to answer that question because the mix is very, very sophisticated, as far as Cummins India is concerned. But if you take out certain aspects of pricing, I would say in excess of 20% is the growth in volume.