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Shift to new norms may hamper growth, margins for Cummins India in FY24

Supply chain challenges and export demand are other concerns for the maker of engines and power equipment

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Cummins India

Ram Prasad Sahu Mumbai

4 min read Last Updated : May 30 2023 | 2:51 PM IST

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Over the past three trading sessions, the stock of Cummins India has gained about nine per cent on strong January-March quarter (Q4) results and good near-term prospects. Its Q4 performance was led by a healthy 29 per cent revenue growth over the year ago quarter. This was largely on the back of a 33 per cent jump in domestic revenues while exports witnessed a growth of 17 per cent.

Domestic sales, which accounted for 74 per cent of the company’s revenues in the quarter, were aided by pre-bookings prior to the new norms of Central Pollution Control Board (CPCB) that

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