Cummins India reported a 33% increase in net profit to Rs 419.80 crore for the June 2024 quarter, up from Rs 315.62 crore in Q1FY24. Revenue from operations rose 4% to Rs 2,262.03 crore, driven by a 12% increase in domestic sales to Rs 1,873 crore. However, exports fell 22% to Rs 389 crore. The growth was fueled by strong domestic demand, particularly in the industrial sector, despite global uncertainties. The positive domestic outlook and infrastructure spending may benefit related stocks and sectors.
