Cummins India's Q3 profit climbs on steady demand

Cummins India

05/02/2025 14:31

Feb 5 (Reuters) - Cummins India  CUMM.NS  reported a 12%
rise in third-quarter profit on Wednesday, helped by steady
demand for its power generators.
    The company, a unit of U.S.-based truck engine maker Cummins
 CMI.N , said its profit climbed to 5.58 billion rupees (about
$64 million) in the three months to Dec. 31 from 4.99 billion
rupees a year earlier.
    Its overall sales rose 22% to 30.52 billion rupees.
    Cummins is best known for its truck engines, but counts
power generators, or gensets as its top business in India. Sales
of engines and power generators accounted for the company's
entire revenue in the third quarter.
    Analysts say the company has benefited from a transition to
more emission-stringent diesel gensets.
    Cummins India's shares closed about 3% higher on Wednesday
after its parent forecast double-digit revenue growth for the
unit in 2024.
        


($1 = 87.3470 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Mrigank
Dhaniwala)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))