Cummins India zooms on reporting 21% rise in Q3 consolidated net profit
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Cummins India is currently trading at Rs. 2578.25, up by 179.05 points or 7.46% from its previous closing of Rs. 2399.20 on the BSE.
The scrip opened at Rs. 2544.00 and has touched a high and low of Rs. 2642.45 and Rs. 2429.00 respectively. So far 79739 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,642.45 on 08-Feb-2024 and a 52 week low of Rs. 1445.00 on 08-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2642.45 and Rs. 2239.15 respectively. The current market cap of the company is Rs. 71805.89 crore.
The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 40.07% and 8.93% respectively.
Cummins India has reported 26.32% rise in net profit at Rs 454.92 crore for the third quarter ended December 31, 2023 as compared to Rs 360.14 crore for the same quarter in the previous year. However, total income of the company increased by 15.91% at Rs 2647.67 crore for Q3FY24 as compared Rs 2284.30 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 20.57% rise in its net profit at Rs 498.91 crore for Q3FY24 as compared to Rs 413.80 crore for the same quarter in the previous year. Total income of the company increased by 16.34% at Rs 2640.77 crore for Q3FY24 as compared Rs 2269.89 crore for corresponding quarter of the previous year.
