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Exports rescue Cummins in Q4
Mint New Delhi
|June 04, 2025
Cummins India Ltd's standalone Ebitda of ₹520 crore for the March quarter (Q4FY25) represents a 7% year-on-year rise, excluding a one-off cost-saving of ₹60 crore.
This growth is subdued versus the 27% increase in Ebitda for the nine months ended December (9MFY25).
In fact, Cummins's reported Q4 Ebitda is down 4.5% without adjusting for the one-off savings. Yet, the shares are up about 12% since the results were announced last week. Investors seem upbeat about a recovery in exports and robust growth outlook, aided by cost efficiency.
However, competition can dent a part of the margins for Cummins, a maker of diesel and natural gas engines for the power generation, industrial, and automotive sectors.
Cummins's FY25 revenue surpassed ₹10,000 crore, growing 15% year-on-year. Lower raw material and staff costs meant 17% Ebitda growth to ₹2,100 crore.
This story is from the June 04, 2025 edition of Mint New Delhi.
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