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Margin scale up key trigger for genset manufacturer Cummins India

Easing commodity prices and exports to drive profitability for company, say analysts

Cummins India
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The company expects to benefit from pre-buying for existing range of products in the first half of CY23 given the implementation of Bharat Stage-IV emission norms from July 1, 2023.

Ram Prasad Sahu Mumbai
The stock of Cummins India is up about 12 per cent over the past month on better-than-expected September earnings and expectations of margin gains as the company looks at hiking prices. Healthy demand outlook and implementation of new pollution norms are the other triggers for the genset maker.

Led by exports, the company posted a 13 per cent Year-on-Year (y-o-y) growth in revenues in the September quarter. Exports, which account for about 28 per cent of the company’s sales, grew 21 per cent over the year-ago quarter. The growth was powered by demand from Latin America, Asia Pacific and West

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First Published: Nov 24 2022 | 12:15 PM IST

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