BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Cummins India Ltd. reported healthy quarterly performance led by sharp recovery in economic activities across some key segments.
Revenue declined by 3% YoY largely in-line with our estimates. Ebitda margins came in at approximately 17% (highest ever) driven by execution of high margin one-off order and better cost rationalization measures.
For domestic market, management indicated several businesses such as construction, mining, power generation and industrial who witnessed faster recovery leading to revenues reaching 97% pre-Covid-19 levels.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR