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Cummins’ stock slips near 2% despite robust Q4 & FY22 showbiz

Export Sales for the quarter jumped by a whopping 66% during the quarter at Rs423 crore.

May 27, 2022 2:46 IST | India Infoline News Service
The Board of Directors of Cummins India Limited has reviewed and approved the financial results for the quarter and fiscal year ended March 31, 2022.

The company reported a 19% yoy jump in total sales at Rs1,468 crore for Q4FY22 as compared to Rs1,246.51 crore in the previous corresponding quarter. Whereas total sales for FY22 increased by 42% yoy against the previous year at Rs6,026 crore.

Out of the total sales, domestic sales for the quarter were Rs1,046 crore, reflecting an increase of 7% yoy. Export Sales for the quarter jumped by a whopping 66% during the quarter at Rs423 crore.

Company’s Profit before tax during the quarter was reported at Rs244 crore, registering a marginal decline of 1% yoy against the previous corresponding quarter. PBT for FY22 was 44% higher at Rs1,159 crore.

PAT during the financial year ended March 31, 2022, was reported at Rs189.15 crore, up by 1.86% yoy against Rs185.69 crore during the previous financial year.

Cummins India is currently trading at Rs1,012.40 down by Rs16.75 or 1.63% from its previous closing of Rs1,029.15 on the BSE. The scrip touched intraday high and low of Rs1,025.10 and Rs966.85 respectively.

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