Cummins India reported a consolidated profit after tax of 4.49 billion rupees ($53.3 million) for the second quarter, marking an increase from 3.29 billion rupees in the same period a year earlier. This rise was primarily attributed to robust demand for its engines and power generators.
The company's revenue saw an increase, bolstered by price hikes, particularly for its CPCB 4+ generator sets, which comply with India's latest environment-friendly emission standards. A restock in inventory and steady demand across all segments also contributed to increased volumes.
Sales in its engine segment, which accounts for nearly 80% of overall sales, grew by 30% during the quarter, boosting overall quarterly sales to 30.09 billion rupees. Income from operations also grew 30% to 24.65 billion rupees, reflecting strong market conditions in India.
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