Cummins' stock slips near 2% despite robust Q4 -; FY22 showbiz

27 May 2022 , 02:46 PM

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.