Cummins India Limited Q4 Result 2024

Synopsis:

Cummins India Limited announced its quarterly results for March 2024 on 29th May after market hours. It reported a consolidated PAT of ₹536.06 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 19.67% on a YOY basis reaching ₹ 2418.92 cr. The company announced a dividend of ₹20 per share for FY2024.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 was up by 19.67% on a YOY basis, reaching ₹ 2418.92 cr from ₹ 2021.30 cr in Q4 FY2023. The quarterly consolidated revenue was down by 8.40%. Cummins India reported a consolidated PAT of ₹ 536.06 cr for Q4 FY2024 against ₹ 348.91 cr in Q4 FY2023, which is a hike of 53.64%. On a quarterly basis, the consolidated PAT increased by 7.45%.

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 262.51 cr compared to ₹ 323.00 cr in FY 2023, which is a decline of 18.73%. For FY 2024, its consolidated total revenue stood at ₹ 3540.32 cr compared to ₹ 3490.25 cr in FY 2023, up by 1.43%. 

The company announced a dividend of ₹12 per share at 240% for FY2024.

On the results, Gunjan Shah, MD and CEO, Bata India Limited said, “Bata India navigated well through the unforeseen sluggishness in the market driving towards sustainable growth led by brands backed by significant investments in marketing and technology. Our strategies helped us defending margins. With cautious control on costs and focus on efficiency and productivity, we were able to defend our margin growth across channels and maintain our standing in premium segments across brands like Red Label, Comfit, Power. We added 24 Franchise Stores in the quarter, primarily in Tier 3 – 5 towns to cater the demand for branded products and achieve better returns on capital. We are further bolstering our offering with international tie-ups, such as Hush Puppies and Nine West which saw a significant higher ASP driving premiumization. We are optimistic of demand revival going forward.”  

About Bata India Limited

Bata India Ltd is a leading name in the footwear industry. The company operates as a manufacturer, wholesaler, and retailer of a wide range of footwear and related accessories. Bata India has established a significant presence not only within the country but also in international markets including Bhutan, Bangladesh, the Maldives, and Uganda.