CUMMINS INDIA Announces Quarterly Results (3QFY21); Net Profit Up 25.7%

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 (3QFY21); Net Profit Up 25.7%
Mon, 1 Feb

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

CUMMINS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m14,53411,60214,24322.8%-2.0%
Other incomeRs m72358098469.8%36.2%
TurnoverRs m15,25712,18215,22825.0%-0.2%
ExpensesRs m12,3779,92811,82619.1%-4.5%
Gross profitRs m1,9971,6742,41744.4%21.0%
DepreciationRs m296327320-2.2%8.2%
InterestRs m47404613.9%-1.5%
Profit before taxRs m2,3781,8873,03660.9%27.7%
TaxRs m51543169561.2%34.9%
Profit after taxRs m1,8621,4562,34160.8%25.7%
Gross profit margin%13.714.417.0
Effective tax rate%21.722.922.9
Net profit margin%12.211.915.4
* 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 2.0% on a year-on-year (YoY) basis. The expenses were down by 4.5% YoY during the same period.
  • The company's operating profit increased by 21.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 3QFY21 as against 13.7% in 3QFY20.
  • Depreciation charges increased by 8.2% and finance costs declined by 1.5% YoY, respectively.
  • Other income increased by 36.2% YoY during the quarter.
  • Net profit for the quarter increased by 25.7% YoY. Net profit margins during the quarter increased from 12.2% in 3QFY20 to 15.4% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 22.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.1% QoQ during the same period.
  • The company's operating profit increased by 44.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 3QFY21 as against 14.4% in 2QFY20.
  • Net profit for the quarter increased by 60.8% QoQ, while net profit margins increased from 12.0% in 2QFY20 to 15.4% in 3QFY21.

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

Going LIVE Today at 5pm: Our Special Event on India's Revival

CUMMINS INDIA Share Price Performance

Over the last one year, CUMMINS INDIA share price has moved up from Rs 562.8 to Rs 725.5, registering a Gain of Rs 162.7 or around 28.9%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 20,561.6 (up 5.5%). Over the last one year it has moved up from 16,625.9 to 20,561.6, a gain of 3,936 points (up 23.7%).

Overall, the S&P BSE SENSEX is up 18.6% over the year.

Current Valuations

At the current price of Rs 725.5, the price to earnings (P/E) ratio of CUMMINS INDIA stands at 36.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

Equitymaster requests your view! Post a comment on "CUMMINS INDIA Announces Quarterly Results (3QFY21); Net Profit Up 25.7%". 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

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

An India Revival Stock I'm Bullish On...(Profit Hunter)

Apr 9, 2021

This could take India to the position of 3rd largest economy.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

Why the Market Fell Yesterday(Fast Profits Daily)

Apr 6, 2021

In this video, I'll tell you the two reasons why the market fell on Monday and how you can prepare yourself for such events in the future.

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


Apr 15, 2021 10:19 AM

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