Cummins India March Quarter Profit Declines Amid Cost Pressures

Cummins India Ltd. reported a 7.2% year-on-year drop in January–March quarter net profit to ₹5.21 billion, marking its first annual decline in 11 quarters, as material and other costs outpaced revenue growth. Sequentially, net profit rose 1.3%.

Revenue grew 6.1% year-on-year to ₹24.57 billion, led by both engine and lubes segments. The engine business grew 6.9% to ₹24.28 billion, while lubes revenue rose 2.8% to ₹6.34 billion.

Total expenses rose 9.2% to ₹19.88 billion, with material costs jumping 16.8% to ₹14.33 billion and other expenses more than doubling to ₹2.27 billion. Tax outgo increased 14.6% to ₹1.59 billion.

Exports led growth during the quarter, rising 39% to ₹4.79 billion, while domestic sales increased 1% to ₹19.35 billion.

For 2024–25, net profit rose 14.8% to ₹19.06 billion and revenue increased 15.4% to ₹103.39 billion. The company announced a final dividend of ₹33.50 per share and appointed Soma Dilip Ghosh as Chief Financial Officer, effective 21 July.