Analysts anticipate the corporate to profit from a transition to CPCB IV+ emission norms, efficient from July 1 | Picture: Wikimedia Commons
Cummins India, a unit of US- primarily based truck engine maker Cummins, reported a 31 per cent surge in first-quarter revenue, pushed by rising home demand for its energy turbines.
The corporate’s consolidated revenue after tax rose to Rs 463 cr (about $55 million) within the three months ended June 30 from Rs 354 cr a 12 months earlier.
Larger gross sales in its engines section, which incorporates energy generator units, boosted total gross sales by 5 per cent to Rs 2,916 cr.
The engine section contributes to almost 80 per cent to total gross sales.
India’s electrical energy era hit file highs within the April-June quarter – peak summer season for the nation – fuelling demand for energy turbines.
Individually, analysts anticipate the corporate to profit from a transition to CPCB IV+ emission norms, efficient from July 1.
The norms, that are a part of the federal government’s efforts to cut back air pollution, will apply to diesel turbines with an influence output of as much as 800 kilowatts, which comprise about 70 per cent of Cummins’ merchandise.
(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Aug 06 2024 | 8:22 PM IST
