Cummins India Limited’s Board of Directors approved the unaudited financial results for the quarter and period ending December 31, 2023, at a meeting. The company’s quarter end performance showed total sale at 2,502 Cr. were higher by 17% compared to the same quarter last year and higher by 34% compared to the previous quarter. The quarter ended December 31, 2023, saw a 36% increase in domestic sales at 2,177 Cr. compared to the same quarter last year and a 60% increase in the previous quarter.
The company’s unaudited financial results for Q3 2023 show a 40% decrease in export sales at 325 Cr. Ashwath Ram, Managing Director, Cummins India Limited, said, “The recent Interim budget proposing higher allocation for capital expenditure augurs well for the Indian economy”.
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.
