CUMMINS INDIA Announces Quarterly Results (1QFY20); Net Profit Down 22.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

CUMMINS INDIA Announces Quarterly Results (1QFY20); Net Profit Down 22.7%
Thu, 8 Aug

CUMMINS INDIA has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

CUMMINS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m13,28013,40413,4300.2%1.1%
Other incomeRs m69669276911.1%10.5%
TurnoverRs m13,97514,09614,1990.7%1.6%
ExpensesRs m11,13311,68611,9162.0%7.0%
Gross profitRs m2,1471,7181,514-11.9%-29.5%
DepreciationRs m2712802913.9%7.5%
InterestRs m36455214.8%45.8%
Profit before taxRs m2,5362,0851,940-6.9%-23.5%
TaxRs m706676525-22.3%-25.6%
Profit after taxRs m1,8301,4091,4150.4%-22.7%
Gross profit margin%16.212.811.3
Effective tax rate%27.832.427.1
Net profit margin%13.110.010.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 1.1% on a year-on-year (YoY) basis. The expenses were up by 7.0% YoY during the same period.
  • The company's operating profit declined by 29.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 1QFY20 as against 16.2% in 1QFY19.
  • Depreciation charges increased by 7.5% and finance costs increased by 45.8% YoY, respectively.
  • Other income increased by 10.5% YoY during the quarter.
  • Net profit for the quarter declined by 22.7% YoY. Net profit margins during the quarter declined from 13.1% in 1QFY19 to 10.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit declined by 11.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 1QFY20 as against 12.8% in 4QFY19.
  • Net profit for the quarter increased by 0.4% QoQ, while net profit margins declined from 10.0% in 4QFY19 to 10.0% in 1QFY20.

To see how CUMMINS INDIA has performed over the last eight quarters,please visit here.

CUMMINS INDIA Share Price Performance

Over the last one year,CUMMINS INDIA share price has moved down from Rs 679.4 to Rs 607.2, registering a Loss of Rs 72.2 or around 10.6%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,237.1 (up 0.3%). Over the last one year it has moved down from 18,358.1 to 17,237.1, a gain of 1,121 points (down 6.1%).

Overall, the S&P BSE SENSEX is down 1.4% over the year.

Current Valuations

At the current price of Rs 607.2, the price to earnings (P/E) ratio of CUMMINS INDIA stands at 24.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.

Equitymaster requests your view! Post a comment on "CUMMINS INDIA Announces Quarterly Results (1QFY20); Net Profit Down 22.7%". Click here!

  

Related Views on News

CUMMINS INDIA 2017-18 Annual Report Analysis (Annual Result Update)

Jul 18, 2019 | Updated on Jul 18, 2019

Here's an analysis of the annual report of CUMMINS INDIA for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of CUMMINS INDIA. Also includes updates on the valuation of CUMMINS INDIA.

CUMMINS INDIA Announces Quarterly Results (4QFY19); Net Profit Down 12.6% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, CUMMINS INDIA has posted a net profit of Rs 1 bn (down 12.6% YoY). Sales on the other hand came in at Rs 13 bn (up 8.7% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

CUMMINS INDIA Announces Quarterly Results (3QFY19); Net Profit Up 8.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, CUMMINS INDIA has posted a net profit of Rs 2 bn (up 8.7% YoY). Sales on the other hand came in at Rs 15 bn (up 11.0% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)

Sep 5, 2019

Everyone dreams of owning a business. Here is your chance.

7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)

Sep 5, 2019

The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?

Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)

Sep 4, 2019

Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.

Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)

Sep 12, 2019

News headlines predict gloom and doom for India these days. You should ignore them.

A Recession Proof Stock You Can Bet On(Profit Hunter)

Sep 10, 2019

Usually, the typical horizon period for my smallcap recommendations is 3 to 5 years. But if you ask me, this could be one business that you could own and pass on to future generations.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

CUMMINS INDIA SHARE PRICE


Sep 17, 2019 (Close)

TRACK CUMMINS INDIA

  • Track your investment in CUMMINS INDIA with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

CUMMINS INDIA 5-YR ANALYSIS

COMPARE CUMMINS INDIA WITH

MARKET STATS