Cummins India Q3 Review - Margin Expands; Fast Recovery In Domestic Segments: Prabhudas Lilladher 
Cummins India Ltd. office (image: Company website)

Cummins India Q3 Review - Margin Expands; Fast Recovery In Domestic Segments: Prabhudas Lilladher 

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:

Prabhudas Lilladher Cummins India Q3FY21 Result Update.pdf

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