Latest news with #ShvetaArya
News18
08-08-2025
- Business
- News18
Cummins India profit rises 40 pc to Rs 589 cr in Q1
Agency: Last Updated: Mumbai, Aug 8 (PTI) Power solutions provider Cummins India posted a 40 per cent growth in profit after tax (PAT) to Rs 589 crore in the June quarter. The company had delivered a PAT of Rs 420 crore in the year-ago period. Total sales of the company during the quarter under review rose 26 per cent year-on-year to Rs 2,859-crore from Rs 2,262-crore a year earlier, Cummins India said. Of this, domestic sales were Rs 2,336 crore during the reporting quarter as against Rs 1,873 crore in Q1FY25 and exports stood at Rs 523 crore, up from Rs 389 crore in the year-ago period, the company said. 'Cummins India Ltd continues to deliver revenue growth backed by steady demand across markets and better execution of orders. We have achieved record quarterly profit owing to volume leverage and operational efficiencies," said Shveta Arya, Managing Director, Cummins India Ltd. While inflation has eased in India and there is uncertainty around the full impact of global tax and trade policies on the economic landscape in the near to mid-term future, she said the company believes that despite these uncertainties, it sees continued opportunity as the country's economy remains stable due to the government's infrastructure push and recent reductions in interest rates to support growth. Cummins India also said that with a diversified portfolio of products that meet evolving emission norms, the company remains cautiously optimistic about maintaining momentum across domestic and international markets. 'While closely tracking policy developments in India and abroad, we're confident in our ability to adapt and navigate any challenges that may arise," it said. PTI IAS TRB TRB view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
08-08-2025
- Business
- Business Standard
Cummins India gains after Q1 PAT climbs 40% YoY to Rs 589 cr
Cummins India rose 1.73% to Rs 3,743.20 after the company reported a 40.36% surge in standalone net profit to Rs 589.27 crore in Q1 FY26, compared to Rs 419.80 crore posted in Q1 FY25. Revenue from operations jumped 26.37% to Rs 2,858.71 crore in the quarter ended 30 June 2025. Domestic sales stood at Rs 2,336 crore, up 25% compared to the same quarter last year and 21% higher than the previous quarter. Export sales were Rs 523 crore, marking a 34% increase YoY and a 9% rise compared to the previous quarter. Total operating expenditure for Q1 FY26 was Rs 2,333.90 crore, up 23.78% YoY. Profit before exceptional items and tax stood at Rs 725.80 crore in Q1 FY26, up 31.74% from Rs 550.91 crore in the same quarter last year. The company also reported an exceptional item of Rs 44.15 crore during the quarter. Shveta Arya, managing director, Cummins India, said, " I am pleased to announce that Cummins India continues to deliver revenue growth backed by steady demand across markets and better execution of orders. We have achieved record quarterly profit owing to volume leverage and operational efficiencies. While the inflation has eased in India and there is uncertainty around the full impact of global tax and trade policies on the economic landscape in the near to mid-term future. We believe that despite this uncertainty, we see continued opportunity as Indias economy remains stable due to governments infrastructure push and recent reductions in interest rates to support economic growth given the low inflation environment. On its outlook, the company stated, "with a diversified portfolio of products that meet evolving emission norms, Cummins India remains cautiously optimistic about maintaining momentum across both domestic and international markets. While closely tracking policy developments in India and abroad, were confident in our ability to adapt and navigate any challenges that may arise. The company continues to focus on operational efficiencies through cost management and maintains its focus on customer centricity, attracting best talent, and creating value for shareholders. With access to the latest technology, a trusted brand, a wide range of products, advanced manufacturing capabilities, and an extensive distribution and service network, Cummins India is well-positioned to serve its customers better." Cummins India is one of the leading manufacturer of diesel and natural gas engines in India. As one of the seven legal entities under the Cummins Group in the country, the company operates through three core business units: Engine, Power Systems and Distribution.
Economic Times
08-08-2025
- Business
- Economic Times
Cummins India shares surge nearly 3% on reporting 40% YoY surge in Q1 PAT
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Cummins India surged 2.7% to their day's high of Rs 3,778.80 on the BSE on Friday, August 8, after the company reported a 40% year-on-year (YoY) jump in its standalone profit after tax (PAT) for the quarter ended June 30, PAT came in at Rs 589 crore, compared to the same quarter last year, reflecting strong operational performance and healthy growth across company's total sales for the quarter stood at Rs 2,859 crore, rising 26% YoY and 18% sequentially. Growth was supported by both domestic and export markets. Domestic sales grew 25% YoY to Rs 2,336 crore and were up 21% compared to the previous quarter. Export sales came in at Rs 523 crore, up 34% YoY and 9% also reported a strong increase in profit before tax (PBT), which stood at Rs 726 crore, up 32% YoY and 7% over the previous quarter, before accounting for exceptional items.'While the inflation has eased in India and there is uncertainty around the full impact of global tax and trade policies on the economic landscape in the near to mid-term future. We believe that despite this uncertainty, we see continued opportunity as India's economy remains stable due to government's infrastructure push and recent reductions in interest rates to support economic growth given the low inflation environment,' said Shveta Arya, Managing Director of Cummins India, while commenting on the company's Q1 Thursday, the shares of Cummins India closed 1.2% higher at Rs 3,679.70 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hans India
27-06-2025
- Business
- Hans India
Cummins India Limited Launches Battery Energy Storage Systems to Power India's Clean Energy Transition
Cummins India Limited ('Cummins'), one of the leading power solutions technology providers, today announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centers, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure. This ensures that customers can maximize renewable energy use and optimize energy costs through peak shaving and energy shifting. Commenting on the launch, Shveta Arya, Managing Director, Cummins India Limited, said, 'India's energy mix is undergoing a significant transformation, driven by ambitious climate commitments, rapid adoption of renewables, and a national focus on clean and inclusive growth. At Cummins, we recognize this pivotal moment as an opportunity to innovate with purpose. Our Battery Energy Storage System (BESS) is a crucial enabler in this transition. It offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India's journey towards net-zero emissions by 2070 and power possibilities for generations to come.' Echoing this strategic vision, Pankaj Kapoor, Vice President, Distribution Business, Cummins India Limited, said, 'As the demand for reliable power continues to grow across industries, customers are increasingly seeking smarter ways to manage energy costs and improve power quality. Backed by our global expertise, Cummins' BESS solutions are built to address these evolving needs while supporting our customer's sustainability goals. With the added assurance of our world-class service and support network, we remain committed to delivering dependable energy solutions that empower long-term success.' Key Features of Cummins BESS are: Modular and scalable designs: Cummins BESS products are available in two 10ft and 20ft containers delivering energy outputs ranging from 200kWh to 2MWh. The system features an optimized footprint with high energy density and complete AC output integration that can be easily scaled to meet varied energy requirements. Advanced battery technology : Built on proven lithium ferrophosphate (LFP) batteries, known for high cycle life, safety, and reduced risk of thermal runaway. Efficient thermal management: An integrated liquid cooling system ensures optimal battery temperature, improving performance and extending battery life. Global safety certifications: Cummins BESS is certified to meet the world's most stringent operational and safety standards and is equipped with a comprehensive three-tier fire safety system for added protection and peace of mind. Plug-and-play functionality: The products are fully self-contained with plug-and-play functionality, for easy transportation, quick installation and flexible deployment. Cummins assurance: The products are backed by our world-class service and support network, ensuring reliable performance and long-term customer support. The launch of BESS reinforces Cummins India's commitment to advance decarbonization through innovative and reliable power solution technologies. To learn more about Cummins Power Generation BESS solutions, visit Battery Energy Storage Systems.
Business Standard
26-06-2025
- Business
- Business Standard
Cummins India launches its Battery Energy Storage Systems products
Cummins India announced the launch of its Battery Energy Storage Systems (BESS), expanding its sustainable solutions portfolio in line with Destination Zero strategy. This state-of-the-art energy storage solution is designed to support India's clean energy transition and strengthen the reliability of country's power infrastructure. Battery Energy Storage System (BESS) is emerging as reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centers, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure. This ensures that customers can maximize renewable energy use and optimize energy costs through peak shaving and energy shifting. Commenting on the launch, Shveta Arya, Managing Director, Cummins India Limited, said, India's energy mix is undergoing a significant transformation, driven by ambitious climate commitments, rapid adoption of renewables, and a national focus on clean and inclusive growth. At Cummins, we recognize this pivotal moment as an opportunity to innovate with purpose. Our Battery Energy Storage System (BESS) is a crucial enabler in this transition. It offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India's journey towards net-zero emissions by 2070 and power possibilities for generations to come.
