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 Announces Quarterly Results (3QFY20); Net Profit Down 0.5% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, CUMMINS INDIA has posted a net profit of Rs 2 bn (down 0.5% YoY). Sales on the other hand came in at Rs 15 bn (down 3.3% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

CUMMINS INDIA Announces Quarterly Results (2QFY20); Net Profit Down 13.4% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, CUMMINS INDIA has posted a net profit of Rs 2 bn (down 13.4% YoY). Sales on the other hand came in at Rs 13 bn (down 12.0% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

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.

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

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

These Rebirth of India Stocks Are Raring to Compete with Tesla(The 5 Minute Wrapup)

Feb 17, 2020

There are Indian stocks which can soar like Tesla in the long-run.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

CUMMINS INDIA SHARE PRICE


Feb 20, 2020 (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 - BHARAT ELECTRONICS COMPARISON

COMPARE CUMMINS INDIA WITH

MARKET STATS