Cummins India Ltd (BOM:500480)
₹ 3728.15 -35.35 (-0.94%) Market Cap: 1.03 Til Enterprise Value: 1.01 Til PE Ratio: 56.10 PB Ratio: 15.52 GF Score: 95/100
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Q4 2024 Cummins India Ltd Earnings Call Transcript

May 30, 2024 / 04:30AM GMT

Key Points

Positve
  • Cummins India Ltd (BOM:500480) recorded the highest annual revenue and profit during the year ended March 31, 2024.
  • Domestic sales increased by 38% year-over-year, indicating strong local demand.
  • Profit before tax for Q4 FY24 was higher by 70% compared to the same quarter last year.
  • The company expects double-digit growth over the fiscal year 2023-'24.
  • Significant growth in the industrial domestic business, with sales 60% higher compared to last year.
Negative
  • Exports decreased by 30% year-over-year, indicating challenges in international markets.
  • Sales for Q4 FY24 were lower by 9% compared to the previous quarter.
  • High horsepower exports were 17% lower compared to last year.
  • LHP exports were 42% lower compared to last year.
  • The company anticipates continued pressure on material margins due to rising commodity prices.
Operator

Good morning, ladies and gentlemen. Welcome to Cummins India Limited Q4 FY 2023-'24 earnings conference call. We hope you all are 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

Thank you. Good morning, ladies and gentlemen. Hope all of you are doing well and staying safe and healthy. Welcome to the Cummins India Limited Q4 and full year 2023-'24 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.

We're happy to announce that Cummins India Limited recorded the highest annual revenue and profit during the year ended March 31, 2024, aided by strong domestic demand across various market segments and proactive measures by the company on managing costs and improving profitability. I would like to

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