Cummins India's Profit After Tax drops to Rs198 crore in the June quarter

11 Aug 2022 , 08:39 AM

On a consolidated basis, Cummins India reported on Wednesday a 20% fall in profit after tax at Rs198.13 crore for the June quarter. According to a regulatory filing, the Pune-based business reported a combined Profit After Tax (PAT) of Rs246.94 crore for the prior 12-month period.

From Rs1,177.71 crore in the June quarter of 2021—22, the consolidated sales from operations during this period increased by 41.47% to Rs1,666.11 crore.

“Supply chain disruptions, rising inflation, and geopolitical risk continue to be problems. According to Ashwath Ram, managing director of Cummins India Ltd., the organization can still meet demand despite these problems because of its integrated supply chain management with a global network.

According to Cummins India, a manufacturer of engines and related parts, the company is in a good position to manage supplies and parts to lessen the “effect” on sales and profits.

The company stated that it expects the robust demand from a variety of end markets to likely continue, but that rising inflation and supply chain problems will almost certainly continue to have an impact on the industry.