Cummins India Q2FY18 standalone net profit declines 22.3% yoy to Rs.153 crore

India Infoline Research Team | October 26, 2017 17:34 IST

Cummins India Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 1,118 [15.9]
EBITDA 132 [21.9]
EBITDA Margin (%) 11.8 [90]
Net Profit (adjusted) 153 [22.3]
***EBITDA margin change is bps
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Reco. Price

943

Last updated on

19-Sep-2017


Cummins India Ltd. standalone revenue for the quarter came in at Rs. 1118 crore, registering 15.9% yoy decline.

EBITDA for the quarter fell by 21.9% yoy to Rs. 132.1 crore with a corresponding margin contraction of 90 bps. EBITDA margin for the quarter stood at 11.8%. This margin contraction was aided by higher employee benefit expenses by 12% yoy to Rs.125 crore in Q2FY18.
 
The PAT for the quarter came in at Rs. 152.9 crore, yoy decline of 22.3%. 


Technical View:

Cummins India Ltd is currently trading at Rs. 902.20, down by 16.45 points or 1.79% from its previous closing of Rs. 918.65 on the BSE.
The scrip opened at Rs. 929 and has touched a high and low of Rs. 929 and Rs. 902.20 respectively. So far 3,51,679(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 845.50 1.15 (0.14%)
NSE 842.90 [1.35] ([0.16]%)

***Note: This is a NSE Chart

 

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