Cummins India posts 23% rise in Q2 profit on lower costs

Posted on:
Key Points

BENGALURU, Nov 7 (Reuters) - Diesel and natural gas engine maker Cummins India (CUMM.NS) reported a 23% rise in second-quarter profit on Tuesday as lower expenses helped offset slowing engine demand...

The Indian unit of U.S. truck engine maker Cummins (CMI.N) reported a consolidated profit of 3.29 billion rupees ($39.52 million), up from 2.67 billion rupees last year...

The U.S. company last week also posted a 64% rise in September-quarter net profit at $656 million...

Rival Thermax (THMX.NS) reported a 45% jump in second-quarter profit last week, helped by strong industrial demand, while ABB India (ABB.NS) and Siemens (SIEM.NS) are yet to report results...

You might be interested in

India's Orient Electric posts Q2 profit on one-time gain, steady demand

03, Nov, 23

Appliances maker Orient Electric (ONTE.NS) on Friday reported a second-quarter profit, aided primarily by a one time gain from land sale and buoyed by steady demand for its consumer durables business.

Berkshire Hathaway exits India's Paytm in $165 million deal

24, Nov, 23

BENGALURU (Reuters) - Berkshire Hathaway has exited India's Paytm after selling its entire stake in the company for about 13.71 billion rupees ($164.70 million) through a bulk deal on Friday.

India's Adani Green to raise $1.12 billion to expand renewable capacity

26, Dec, 23

BENGALURU (Reuters) - India's Adani Green Energy on Tuesday said its key shareholders will invest 93.50 billion rupees ($1.12 billion) in the company to expand its renewable power capacity. The

India's Godrej Consumer Products misses Q1 profit view as costs bite

07, Aug, 23

India's Godrej Consumer Products (GOCP.NS) reported a lower-than-expected quarterly profit on Monday, hurt by mounting costs.

India's Glenmark Pharma Q1 profit drops on higher expenses

11, Aug, 23

India's Glenmark Pharmaceuticals Ltd (GLEN.NS)reported a 22% decline in quarterly profit on Friday, hit by higher expenses and a one-time cost.

Oil India beats Q4 profit estimates on higher gas prices

25, May, 23

Oil India's profit rose 9.71% to 17.88 billion rupees($218.64 million) from a year earlier, compared with analysts' average estimate of 17.21 billion rupees.

Colgate-Palmolive India posts Q3 profit jump on lower expenses, urban demand

22, Jan, 24

BENGALURU (Reuters) - Colgate-Palmolive (India) reported a 35.7% jump in third-quarter profit on Monday, aided by healthy urban demand and a fall in expenses. Net profit rose to 3.30 billion rupees (

ACC beats Q3 profit estimates on price hikes, strong demand

25, Jan, 24

India Business News: ACC reported a higher-than-expected Q3 profit of 5.27 billion rupees ($63.4 million), driven by price hikes and strong demand for cement. The company'

V-Guard posts Q3 profit beat on sturdy demand across segments

01, Feb, 24

V-Guard Industries, an electronic products maker, reported Q3 profit of 582.4 million rupees ($7 million), exceeding estimates. The company experience

India's Samvardhana Motherson misses Q1 profit view as higher costs weigh

10, Aug, 23

India's auto components maker Samvardhana Motherson International (SAMD.NS) on Thursday reported a smaller-than-expected jump in first-quarter profit, as higher expenses offset performance at its modules and polymer products division.