Cummins India - Strong Quarter, Brighter Demand Outlook: Anand Rathi

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..Anand Rathi Report.Cummins India Ltd.'s Q2 revenue/Ebitda grew 48%/35% YoY, ahead of our estimates. Growth picked up domestically and in exports. Sectors such as healthcare, data centres, residential realty, mining, etc., boosted growth. In the quarter, Cummins India had one large order from a data centre project, likely to be repeated due to the rising need for data storage. Per management, the domestic market continued to be promising, driven by the government's infra push, pent-up demand and economic recovery.Management aims to expand margins through better products at higher prices, greater operating leverage and localisation. On the strong Q2 FY22, we revise FY22E/FY23E earnings 4.1%/1.6%..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Cummins India - Strong Quarter, Brighter Demand Outlook: Anand Rathi

Cummins India - Strong Quarter, Brighter Demand Outlook: Anand Rathi

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