Cummins India Limited
Q4 SALES: RS.
Q4 sales: Rs. 2,269 crores (+20% YoY, -9% QoQ)
PROFIT BEFORE TAX:
Profit before tax: Rs. 701 crores (+70% YoY, +16% QoQ)
FULL YEAR SALES:
Full Year sales: Rs. 8,816 crores (+16% YoY)
DOMESTIC SALES: RS.
Domestic sales: Rs. 7,143 crores (+28% YoY)
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Financial Performance
We are happy to announce that Cummins India Limited recorded the highest annual revenue and profit during the year ended March 31, 2024.
This statement highlights the company's strong financial performance, driven by robust domestic demand and effective cost management.
For the quarter ended March 31, 2024, our sales at Rs. 2,269 crores are higher by 20% compared to Rs. 1,889 crores recorded in the same quarter last year.
This significant year-over-year growth indicates strong demand and effective sales strategies.
Profit before tax at Rs. 701 crores is higher by 70% compared to the same quarter of last year.
This substantial increase in profit before tax reflects improved profitability and operational efficiency.
Business Operations
Domestic sales at Rs. 1,925 crores are higher by 38%.
The strong growth in domestic sales underscores the company's solid market position and demand in the local market.
Growth Initiatives
Market Dynamics
Future Outlook
Regarding the sales outlook for 2024-'25, we continue to expect double-digit growth over the fiscal year 2023-'24.
This forward-looking statement indicates management's confidence in sustained growth and market demand.