Cummins India second quarter results live broadcast: Cummins India announced its second quarter results on November 7, 2024, with significant growth in revenue and profit. The company’s revenue increased by 30.55% year-on-year, and its profit increased by 36.55% year-on-year.
Compared with the previous quarter, Cummins India’s revenue increased by 8.34%, and its profit decreased slightly by 2.86%. This indicates strong year-over-year performance despite lower quarterly fluctuations.
In addition, the company’s selling expenses, general expenses and administrative expenses increased by 5.78% from the previous quarter and a slight increase of 0.03% from the same period last year. Rising expenses may have been a factor in lower quarterly profits.
Operating income also showed good momentum, growing by 2.34% from the previous quarter and 42.56% from the same period last year, reflecting the company’s strong operating efficiency.
Second quarter earnings per share (EPS) were $16.21, an annual increase of 36.56%, which is a strong indicator of a company’s profitability and financial health.
In terms of stock performance, Cummins India returned 1.54% over the past week and 4.6% over the past six months, with year-to-date (YTD) returns at a staggering 80.99%, showing how investors are investing in the company confidence.
Currently, Cummins India has a market capitalization of $98,532.13 Crore, a new 52-week high $4,171.90 The lowest price is $1,731.45, showing its strong position in the market.
Among the 22 analysts covering Cummins India as of November 8, 2024, ratings are mixed: 2 analysts have a Strong Sell rating, 7 have a Sell rating, and 5 have a Hold rating Ratings, 5 analysts rate the stock a Buy and 3 rate it a Strong Buy. The consensus recommendation is to maintain the hold.
