Cummins India (500480) Q4 24/25 earnings summary

Executive summary

• Annual sales reached INR 10,166 crore, up 15% year-over-year, with domestic sales up 18% and exports up 6%.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, were approved, with unmodified opinions from statutory auditors.

• Board recommended a final dividend of ₹33.50 per share for FY 2024-25, in addition to an interim dividend of ₹18 per share.

• Profit before tax for the year was INR 2,496 crore, a 16% increase year-over-year.

• Key management changes include the resignation of two directors and appointment of a new CFO effective July 21, 2025.

Financial highlights

• Consolidated revenue for FY 2024-25 was ₹10,219.24 crore, up from ₹8,859.99 crore year-over-year.

• Consolidated profit after tax for FY 2024-25 was ₹1,999.94 crore, compared to ₹1,720.58 crore last year.

• Standalone revenue for FY 2024-25 was ₹10,965.53 crore, with net profit at ₹1,905.78 crore.

• Q4 sales were INR 2,414 crore, up 6% year-over-year, but down 21% sequentially from the previous quarter.

• Q4 profit before tax was INR 681 crore, down 3% year-over-year but up 2% sequentially.

Outlook and guidance

• Double-digit revenue growth is anticipated for FY 2025-2026, with cautious optimism due to global tax, trade, and geopolitical uncertainties.

• Domestic demand is expected to drive growth, especially in power gen, industrial, and distribution segments.

• Export growth remains uncertain due to tariffs and global market volatility.

• Board recommended a final dividend, reflecting confidence in ongoing performance.

• 64th AGM scheduled for August 8, 2025, to be held via video conferencing.