Sharekhan’s research report on Cummins India
The company reported inline revenues and margins while net profit remained better than estimates. Domestic sales grew 26% y-o-y while exports remained flat y-o-y. The company is witnessing recovery in key segments such as power generation, construction, and mining, which are expected to do well going ahead. In exports, demand is expected to come back strongly where North America, China and India are expected to be growth areas. Management remains optimistic…

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