Cummins India Ltd's Q3FY19 standalone net profit rises 8.7% yoy to Rs187.09cr

The company’s standalone revenue in the quarter stood at Rs1,503.75cr, up 11% yoy and 1.13% qoq.

Feb 06, 2019 01:02 IST India Infoline Research Team

Cummins India Ltd Q3FY19

Standalone Results Q3FY19: (in Rs cr)

Q3FY19 YoY (%)
Revenue 1,503.75 11
EBITDA 226.74 15.3
EBITDA Margin (%) 15.1 56
Net Profit (adjusted) 187.09 8.7
***EBITDA margin change is bps
Cummins India’s topline grew 11% yoy to Rs1,503.8cr for the quarter ended December 2018. EBITDA witnessed a healthy growth of 15.3% yoy to Rs226.74cr as compared to Rs196.7cr in the same quarter last year. EBITDA margin increased from 14.5% in Q3FY18 to 15.1% in Q3FY19. Net profit after tax increased 8.7% yoy to Rs187.1cr in Q3FY19 vs. Rs172.2cr in Q3FY18.
  • Operating performance of the company was driven by sales growth coupled with rational operating expenses (up 10.5% yoy to Rs1,309.1cr in Q3FY19).
  • Bottomline was growth was attributed to healthy operating performance further supported by higher other income (up 50.8% yoy to Rs75.5cr in Q3FY19).
  • Finance cost increased 20.7% yoy to Rs4.1cr for the December quarter of FY19.
  • Depreciation and amortization expenses increased by 18.1% yoy Rs27.9cr for the quarter under consideration.
  • Other expenses were down 5.6% yoy to Rs162cr in Q3FY19 vs. Rs171.7cr in Q3FY18.
  • Tax expenses surged 75% yoy to Rs83.1cr during the December quarter.
  • The company has declared a dividend of Rs7 per equity share for the financial year 2018-19.




Technical View:

Cummins India Ltd share price ended at Rs801.15, up 4.1 points, or 0.51%, from its previous close of Rs797.05 on the BSE. The scrip opened at Rs795.70 and touched a high and low of Rs805.15 and Rs771.50, respectively. A total of 7,64,017 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50-DMA.

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