Cummins India Ltd (BOM:500480)
₹ 3474.8 -126 (-3.5%) Market Cap: 963.21 Bil Enterprise Value: 935.12 Bil PE Ratio: 49.40 PB Ratio: 13.83 GF Score: 95/100
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Q1 2025 Cummins India Ltd Earnings Call Transcript

Aug 07, 2024 / 06:00AM GMT
Release Date Price: ₹3745 (+6.39%)

Key Points

Positve
  • Cummins India Ltd (BOM:500480) reported a 4% increase in sales compared to the same quarter last year, reaching INR2,262 crore.
  • Domestic sales grew by 12% year-over-year, indicating strong local demand.
  • The industrial domestic business saw a significant 57% increase in sales over the previous year.
  • The company maintained a high gross margin of 37.8%, the highest in five years.
  • The distribution business experienced a 22% increase in sales over the previous year, contributing positively to overall performance.
Negative
  • Export revenue declined by 22% year-over-year, indicating challenges in international markets.
  • Profit before tax decreased by 21% compared to the previous quarter.
  • Domestic power generation sales dropped by 8% year-over-year and 15% quarter-over-quarter.
  • High horsepower export sales decreased by 17% year-over-year.
  • The transition to CPCB-4 norms led to a depletion of CPCB-2 inventory, causing potential short-term disruptions.
Operator

Good morning, ladies and gentlemen. Welcome to Cummins India Limited Q1 FY 2024-2025 earnings conference call. We hope you are all keeping safe and healthy. (Operator Instructions) I will now hand the conference over to Mr. Ashwath Ram, Managing Director, Cummins India Limited.

Thank you and over to you, Mr. Ram.

Ashwath Ram
Cummins India Ltd - Managing Director, Executive Director

Good morning, ladies and gentlemen. I hope all of you are doing well and staying safe, and healthy we welcome to the Cummins India Limited Q1 2024-2025 earnings conference call. My name is Ashwath Ram, and I'm the Managing Director of Cummins India Limited. Joining me on the call today is Ajay Patil, Chief financial officer of Cummins India Limited. Thank you all for joining us today. We are happy to announce that CIL reported strong results for the quarter, driven by stable domestic demand, while export revenue is at similar levels as the prior quarter.

I would now like to share the financial results of Q1 FY '25 financial results for the quarter ended June 30,

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