CUMMINS INDIA Announces Quarterly Results (2QFY21); Net Profit Down 20.6%

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?  

Markets will remain closed on 26th January, 2021 on account of Republic Day.

CUMMINS INDIA Announces Quarterly Results (2QFY21); Net Profit Down 20.6%
Fri, 30 Oct

CUMMINS INDIA has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

CUMMINS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m13,0844,98211,602132.9%-11.3%
Other incomeRs m9261,022580-43.3%-37.4%
TurnoverRs m14,0106,00412,182102.9%-13.1%
ExpensesRs m11,5604,9539,928100.4%-14.1%
Gross profitRs m1,525291,6745672.4%9.8%
DepreciationRs m2933033277.8%11.5%
InterestRs m554340-6.7%-27.2%
Profit before taxRs m2,1027051,887167.8%-10.2%
TaxRs m269179431141.1%60.1%
Profit after taxRs m1,8335261,456176.9%-20.6%
Gross profit margin%11.70.614.4
Effective tax rate%12.825.422.9
Net profit margin%13.18.811.9
* 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 fell 11.3% on a year-on-year (YoY) basis. The expenses were down by 14.1% YoY during the same period.
  • The company's operating profit increased by 9.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 2QFY21 as against 11.7% in 2QFY20.
  • Depreciation charges increased by 11.5% and finance costs declined by 27.2% YoY, respectively.
  • Other income declined by 37.4% YoY during the quarter.
  • Net profit for the quarter declined by 20.6% YoY. Net profit margins during the quarter declined from 13.1% in 2QFY20 to 11.9% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 132.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 100.4% QoQ during the same period.
  • The company's operating profit increased by 5672.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 2QFY21 as against 0.6% in 1QFY20.
  • Net profit for the quarter increased by 176.9% QoQ, while net profit margins increased from 8.8% in 1QFY20 to 11.9% in 2QFY21.

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

Know More: Which way are the markets & the mutual fund industry headed?

CUMMINS INDIA Share Price Performance

Over the last one year, CUMMINS INDIA share price has moved down from Rs 553.0 to Rs 438.3, registering a Loss of Rs 114.7 or around 20.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 14,147.6 (up 0.1%). Over the last one year it has moved down from 18,848.6 to 14,147.6, a gain of 4,701 points (down 24.9%).

Overall, the S&P BSE SENSEX is down 0.8% over the year.

Current Valuations

At the current price of Rs 438.3, the price to earnings (P/E) ratio of CUMMINS INDIA stands at 24.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

Equitymaster requests your view! Post a comment on "CUMMINS INDIA Announces Quarterly Results (2QFY21); Net Profit Down 20.6%". Click here!

  

Related Views on News

CUMMINS INDIA 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of CUMMINS INDIA for 2019-20. 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 (1QFY21); Net Profit Down 62.9% (Quarterly Result Update)

Sep 14, 2020 | Updated on Sep 14, 2020

For the quarter ended June 2020, CUMMINS INDIA has posted a net profit of Rs 526 m (down 62.9% YoY). Sales on the other hand came in at Rs 5 bn (down 62.9% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

CUMMINS INDIA Announces Quarterly Results (4QFY20); Net Profit Down 16.0% (Quarterly Result Update)

Jun 19, 2020 | Updated on Jun 19, 2020

For the quarter ended March 2020, CUMMINS INDIA has posted a net profit of Rs 1 bn (down 16.0% YoY). Sales on the other hand came in at Rs 11 bn (down 21.5% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

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.

More Views on News

Most Popular

Time to Book Profits in Pharma Stocks(Fast Profits Daily)

Jan 15, 2021

In this video, I'll show you why it might be the right time to take money of the table in pharma stocks.

Smallcap Stocks: Your Best Bet for 2021 and Beyond(Profit Hunter)

Jan 15, 2021

The pandemic failed to thwart Richa's investing success formula for 2020.

One Chart to See Before You Sell(Fast Profits Daily)

Jan 22, 2021

In this video, I'll show you a crucial chart that you need to check before you decide to sell any stock or index.

Invest in the Multibaggers of 2021 and Beyond(Profit Hunter)

Jan 21, 2021

Our ace stock picker is ready to capitalise on a big growth opportunity.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The 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


Jan 25, 2021 (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