Page 5 - Cummins India

Cummins: Near-term headwinds dent investor confidence

The Cummins' stock has lost more than 12 per cent in two trading sessions to Rs 930 levels, and for good reasons. For one, the company's performance for the quarter ending March 2017 disappointed on lower exports while declining margins too failed to impress. Moreover, the outlook for exports business during FY18 remains soft. And, these could weigh on sentiment in the near-term.Even as street expectations were high, the seven per cent year-on-year and 33 per cent sequential decline in exports to Rs 301 crore were bound to impact sentiment. Operating profit at about Rs 170 crore also declined 16.7 per cent sequentially and 4.9 per cent year-on-year, and therefore margins at 14.4 per cent were lower than 16.8 per cent levels each in the year-ago quarter and sequentially. Anant J Talaulicar, chairman & managing director, Cummins, in the result release, said that exports markets continue to disappoint based on the global economic scenario. "In particular, the demand for our low ...

Cummins India falls 10% on disappointing Q4 results

The company reported 5% year on year drop in net profit at Rs 158 crore in Q4FY17.

Cummins India surges on good Q3 results

The stock surged 8% to Rs 919 on the BSE in early morning trade.

Cummins India: Strong recovery in sight

Domestic demand is making up for weak exports; reasonable stock valuation adds sheen

Domestic demand picking up for Cummins India

For accelerated growth, broader recovery in domestic market critical as outlook for exports remains weak

Cummins India Q1 net profit down 14% at Rs 181 crore

Shares of the company ended 1.68% up at Rs 840.15 on BSE