Cummins India reported a mixed set of numbers in Q3FY21 By Yash Gupta, Angel Broking
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Below are Views On Cummins India reported a mixed set of numbers in Q3FY21 By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Cummins India reported a mixed set of numbers in Q3FY21. Cummins India Ltd total revenue from operations for Q3FY21 stood at ₹1,406 crores down by 2% YoY from ₹1431 crores in Q3FY20. Company reported Engines sales at 982 Cr in Q3FY21 which is down by 9.3% while Lubes sales at 424.3 Cr inQ3FY21 which is up by 21.7%. Profit before tax for the quarter rose by 19% at ₹304 crores in Q3FY21 as compared to ₹258 crores in Q3FY20. Profit after tax for the quarter up by 20% at ₹240.29 crores in Q3FY21 as compared to ₹199.8 crores in Q3FY20. Company has reported a mixed set of numbers in Q3FY21. Domestic sales declined by more than 3% and International sales up by 1%, Company has strongly bounced back as compared to previous quarter of Q2FY21 which got hit due to Covid.
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