CUMMINS INDIA Announces Quarterly Results (3QFY20); Net Profit Down 0.5%

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 (3QFY20); Net Profit Down 0.5%
Thu, 30 Jan

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

CUMMINS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m15,03813,08414,53411.1%-3.3%
Other incomeRs m755926723-21.9%-4.3%
TurnoverRs m15,79314,01015,2578.9%-3.4%
ExpensesRs m12,77011,56012,3777.1%-3.1%
Gross profitRs m2,2671,5251,99731.0%-11.9%
DepreciationRs m2792932960.9%5.8%
InterestRs m415547-15.8%12.3%
Profit before taxRs m2,7022,1022,37813.1%-12.0%
TaxRs m83126951591.3%-38.0%
Profit after taxRs m1,8711,8331,8621.6%-0.5%
Gross profit margin%15.111.713.7
Effective tax rate%30.812.821.7
Net profit margin%11.813.112.2
* 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 3.3% on a year-on-year (YoY) basis. The expenses were down by 3.1% YoY during the same period.
  • The company's operating profit declined by 11.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.7% in 3QFY20 as against 15.1% in 3QFY19.
  • Depreciation charges increased by 5.8% and finance costs increased by 12.3% YoY, respectively.
  • Other income declined by 4.3% YoY during the quarter.
  • Net profit for the quarter declined by 0.5% YoY. Net profit margins during the quarter increased from 11.8% in 3QFY19 to 12.2% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.1% QoQ during the same period.
  • The company's operating profit increased by 31.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.7% in 3QFY20 as against 11.7% in 2QFY19.
  • Net profit for the quarter increased by 1.6% QoQ, while net profit margins declined from 13.1% in 2QFY19 to 12.2% in 3QFY20.

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

Watch Now: Replay of Our Explosive Profits Summit

CUMMINS INDIA Share Price Performance

Over the last one year,CUMMINS INDIA share price has moved down from Rs 800.0 to Rs 587.8, registering a Loss of Rs 212.2 or around 26.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,550.5 (down 0.5%). Over the last one year it has moved up from 17,120.2 to 17,550.5, a gain of 430 points (up 2.5%).

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 587.8, the price to earnings (P/E) ratio of CUMMINS INDIA stands at 25.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

Equitymaster requests your view! Post a comment on "CUMMINS INDIA Announces Quarterly Results (3QFY20); Net Profit Down 0.5%". 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 (2QFY21); Net Profit Down 20.6% (Quarterly Result Update)

Oct 30, 2020 | Updated on Oct 30, 2020

For the quarter ended September 2020, CUMMINS INDIA has posted a net profit of Rs 1 bn (down 20.6% YoY). Sales on the other hand came in at Rs 12 bn (down 11.3% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

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.

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

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Is this Sector the Best Contrarian Bet Right Now?(Profit Hunter)

Nov 23, 2020

The risk reward ratio in this beaten down sector may have finally turned for the better.

The Price of Dying, the Cost of Living(The Honest Truth)

Nov 20, 2020

Ajit Dayal presents a cost benefit analysis of the various types of response to covid around the world.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

CUMMINS INDIA SHARE PRICE


Dec 1, 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 - DONGFANG ELEC. COMPARISON

COMPARE CUMMINS INDIA WITH

MARKET STATS