The Board of Directors of Cummins India Limited (CIL), at their meeting, reviewed, and approved the unaudited financial results for the quarter and period ended December 31, 2023. The company’s quarter end performance showed a 17% increase in total sales to 2,502 crore compared to the same quarter last year and a 34% increase in sales compared to the previous quarter.
The company showed 36% increase in domestic sales at 2,177 crore compared to the same quarter last year. The company’s export sales results show a 40% decrease at 325 crore compared to the same period last year. The company’s profit before exceptional items and tax at 603 Cr. increased by 26% and 42% compared to the same quarter last year, while its profit before tax at 602 Cr. increased by 26% and 41% compared to the same quarter last year.
Additionally, the profit after tax at 455 Cr. increased by 26% and 38% compared to the same quarter last year. Ashwath Ram, Managing Director, Cummins India Limited, said, “The recent Interim budget proposing higher allocation for capital expenditure augurs well for the Indian economy”.
