X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
CUMMINS INDIA Announces Quarterly Results (1QFY19); Net Profit Down 17.6%

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?  

CUMMINS INDIA Announces Quarterly Results (1QFY19); Net Profit Down 17.6%
Mon, 13 Aug

CUMMINS INDIA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

CUMMINS INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m14,19312,33213,2807.7%-6.4%
Other incomeRs m5836646964.8%19.3%
TurnoverRs m14,77712,99613,9757.5%-5.4%
ExpensesRs m12,24110,60211,1335.0%-9.0%
Gross profitRs m2,5141,7312,14724.0%-14.6%
DepreciationRs m208273271-0.8%29.8%
InterestRs m4234364.1%-15.2%
Profit before taxRs m2,8472,0882,53621.5%-10.9%
TaxRs m62547570648.6%12.9%
Profit after taxRs m2,2221,6121,83013.5%-17.6%
Gross profit margin%17.714.016.2
Effective tax rate%22.022.827.8
Net profit margin%15.012.413.1
* 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 6.4% on a year-on-year (YoY) basis. The expenses were down by 9.0% YoY during the same period.
  • The company's operating profit declined by 14.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.2% in 1QFY19 as against 17.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 29.8% YoY and 15.2% YoY, respectively.
  • Other income increased by 19.3% YoY during the quarter.
  • Net profit for the quarter declined by 17.6% YoY. Net profit margins during the quarter declined from 15.0% in 1QFY18 to 13.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.0% QoQ during the same period.
  • The company's operating profit increased by 24.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.2% in 1QFY19 as against 14.0% in 4QFY18.
  • Net profit for the quarter increased by 13.5% QoQ, while net profit margins increased from 12.4% in 4QFY18 to 13.1% in 1QFY19.

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 up from Rs 890.5 to Rs 668.0, registering a Loss of Rs 222.5 or around 25.0%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,026.0 (down 0.4%). Over the last one year it has moved up from 16,927.4 to 18,026.0, a gain of 1,099 points (up 6.5%).

Overall, the S&P BSE SENSEX is up 19.3% over the year.

Current Valuations

At the current price of Rs 668.0, the price to earnings (P/E) ratio of CUMMINS INDIA stands at 27.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

Equitymaster requests your view! Post a comment on "CUMMINS INDIA Announces Quarterly Results (1QFY19); Net Profit Down 17.6%". Click here!

  

Related Views on News

CUMMINS INDIA Announces Quarterly Results (2QFY19); Net Profit Up 38.4% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, CUMMINS INDIA has posted a net profit of Rs 2 bn (up 38.4% YoY). Sales on the other hand came in at Rs 15 bn (up 28.9% YoY). Read on for a complete analysis of CUMMINS INDIA's quarterly results.

CUMMINS INDIA Announces Quarterly Results (4QFY18); Net Profit Up 1.7% (Quarterly Result Update)

Jul 19, 2018 | Updated on Jul 19, 2018

For the quarter ended March 2018, CUMMINS INDIA has posted a net profit of Rs 2 bn (up 1.7% YoY). Sales on the other hand came in at Rs 12 bn (down 2.7% 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.?

Amber Enterprises India Ltd. (IPO)

Jan 16, 2018

Should you subscribe to the IPO of Amber Enterprises India Ltd?

More Views on News

Most Popular

These Are the Kind of Blue Chips You Should Invest In(The 5 Minute Wrapup)

Nov 9, 2018

All blue chip companies are large caps but all large caps are not blue chips.

Get this Small Cap Logistics Company at a 16% Discount Right Now...(Profit Hunter)

Nov 6, 2018

If you turn the clock back, the current macroeconomic climate is nothing new. The markets have seen them all, and every downcycle has been succeeded by gravity defying gains...more so in the small cap space. This time will be no different.

This Was a Large Cap. But Was It Safe?(Chart Of The Day)

Nov 9, 2018

Investing in large caps is not always safe. Consider the right metrics to judge the safety and quality of large caps.

Why the Realty Sector's Recovery Has Been Delayed(Sector Info)

Nov 15, 2018

NBFC and IL&FS crisis have worsened the realty sector woes. Is there a light at the end of the tunnel for real estate sector?

Does it Make Sense to Invest in Offshore Funds?(Outside View)

Nov 6, 2018

Many investors prefer to invest in offshore funds because of the rupee depreciation and on-going downtrend in the markets, but it is to be invested only when there is no option available to invest in India.

More

Small Investments
BIG Returns

Zero To Millions Guide 2019
Get our special report, Zero To Millions
(2019 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

CUMMINS INDIA SHARE PRICE


Nov 16, 2018 (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