Cummins India jumps on reporting 66% rise in Q3 consolidated net profit
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Cummins India is currently trading at Rs. 1578.75, up by 103.40 points or 7.01% from its previous closing of Rs. 1475.35 on the BSE.
The scrip opened at Rs. 1540.00 and has touched a high and low of Rs. 1618.00 and Rs. 1535.15 respectively. So far 155466 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1618.00 on 09-Feb-2023 and a 52 week low of Rs. 907.05 on 09-Feb-2022.
Last one week high and low of the scrip stood at Rs. 1618.00 and Rs. 1418.05 respectively. The current market cap of the company is Rs. 43775.42 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 37.40% and 11.60% respectively.
Cummins India has reported results for third quarter ended December 31, 2022. (Q3FY23)
The company has reported rise of 49.45% in its net profit at Rs 360.14 crore for Q3FY23 as compared to Rs 240.97 crore for the corresponding quarter previous year. Total income of the company increased by 25.40% to Rs 2,284.30 crore for the quarter under review as compared to Rs 1,821.55 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 65.79% in its net profit at Rs 413.80 crore for Q3FY23 as compared to Rs 249.60 crore for the same quarter in the previous year. Total income of the company increased by 25.78% to Rs 2,269.89 crore for the quarter under review as compared to Rs 1,804.69 crore for the same quarter in the previous year.
