Cummins India profit increased 226.42% in (Q2) FY 2020-21

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Team Infinities:

Cummins India Limited NSE Symbol:CUMMINSIND, BSE Security Code:500480 has declared its 2nd(second) quarter unaudited consolidated financial report from the month of July, 2020 to the month of September, 2020; for the fiscal year 2020-21.

Revenue Reported by Cummins India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
12.28 6.00 13.85 18.28 28.00
Calculated Revenue of Cummins India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
6.28 104.67%(Revenue Increase) 1.57 11.34%(Revenue Decrease) 9.72 34.71%(Revenue Decrease)

Revenue: Cummins India Limited's financial report shows that the company's revenue increased by 104.67% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for revenue increase of Rs.6.28 billions, as the company posted revenue of Rs.12.28 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported revenue of Rs.6.00 billions.
The result also shows that the company's revenue decreased by 11.34% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for revenue decrease of Rs.1.57 billions; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted revenue of Rs.13.85 billions.
The company also reported that its revenue decreased by 34.71% in 6 months end(April, 2020 - September, 2020) for revenue decrease of Rs.9.72 billions, since the company reported revenue of Rs.18.28 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted revenue of Rs.28.00 billions.

Gross Margin(%) Reported by Cummins India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
31.07 45.72 31.09 35.47 33.88
Calculated Gross Margin(%) of Cummins India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
14.65 32.05%(GM Decrease) 0.02 0.08%(GM Decrease) 1.59 4.68%(GM Increase)

Gross Margin(%)/ GM: The company's financial report indicates, the company's GM decreased by 32.05% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for 14.65% GM decrease, as the company reported 31.07% GM; in compare to previous quarter(April, 2020 - June, 2020) when the company reported 45.72% GM.
The result also indicates, the company's GM decreased by 0.08% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for 0.02% GM decrease; in compare to corresponding quarter(July, 2019 - September, 2019) when the company reported 31.09% GM.
The company also reported that its GM increased by 4.68% in 6 months end(April, 2020 - September, 2020) for 1.59% GM increase, since the company reported 35.47% GM; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company reported 33.88% GM.

EBITDA Reported by Cummins India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
2.53 1.06 2.52 3.59 4.96
Calculated EBITDA of Cummins India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
1.47 138.68%(EBITDA Increase) 0.01 0.40%(EBITDA Increase) 1.37 27.62%(EBITDA Decrease)

EBITDA/ Earnings before interest, tax, depreciation and amortization: The company's financial report shows that the company's EBITDA increased by 138.68% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.1.47 billions, as the company posted EBITDA of Rs.2.53 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EBITDA of Rs.1.06 billions.
The result also shows that the company's EBITDA increased by 0.40% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EBITDA increase of Rs.0.01 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EBITDA of Rs.2.52 billions.
The company also reported that its EBITDA decreased by 27.62% in 6 months end(April, 2020 - September, 2020) for EBITDA decrease of Rs.1.37 billions, since the company reported EBITDA of Rs.3.59 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EBITDA of Rs.4.96 billions.

Profit and Loss Reported by Cummins India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
1.73(Profit ) 0.53(Profit ) 1.83(Profit ) 2.26(Profit ) 3.35(Profit )
Calculated Profit and Loss of Cummins India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
1.20 226.42%(Profit Increase) 0.10 5.46%(Profit Decrease) 1.09 32.54%(Profit Decrease)

Profit and Loss / PAT(Profit after Tax): The company's financial report shows that the company's profit increased by 226.42% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for profit increase of Rs.1.20 billions, as the company posted profit of Rs.1.73 billions; in compare to previous quarter(April, 2020 - June, 2020) when the company reported profit of Rs.0.53 billion.
The result also shows that the company's profit decreased by 5.46% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for profit decrease of Rs.0.10 billion; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted profit of Rs.1.83 billions.
The company also reported that its profit decreased by 32.54% in 6 months end(April, 2020 - September, 2020) for profit decrease of Rs.1.09 billions, since the company reported profit of Rs.2.26 billions; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted profit of Rs.3.35 billions.

EPS Reported by Cummins India Limited for Second Quarter FY, 2020-21
Current Quarter (July, 2020 - September, 2020) Previous Quarter (April, 2020 - June, 2020) Corresponding Quarter (July, 2019 - September, 2019) 6 Months Ended (April, 2020 - September, 2020) Corresponding 6 Months Ended (April, 2019 - September, 2019)
6.28 1.91 6.60 8.16 12.10
Calculated EPS of Cummins India Limited for Second Quarter FY, 2020-21
Current(September, 2020) VS Previous(June, 2020) Current(September, 2020) VS Corresponding(September, 2019) 6 months Ended(April, 2020 - September, 2020) VS Corresponding 6 months Ended(April, 2019 - September, 2019)
Change Change % Change Change % Change Change %
4.37 228.80%(EPS Increase) 0.32 4.85%(EPS Decrease) 3.94 32.56%(EPS Decrease)

EPS /Earning per Share: The company's financial report shows that the company's EPS increased by 228.80% in QoQ(Quarter on Quarter) / current quarter(July, 2020 - September, 2020) for EPS increase of Rs.4.37, as the company posted EPS of Rs.6.28; in compare to previous quarter(April, 2020 - June, 2020) when the company reported EPS of Rs.1.91.
The result also shows that the company's EPS decreased by 4.85% in YoY(Year over Year) / in current quarter(July, 2020 - September, 2020) for EPS decrease of Rs.0.32; in compare to corresponding quarter(July, 2019 - September, 2019) when the company posted EPS of Rs.6.60.
The company also reported that its EPS decreased by 32.56% in 6 months end(April, 2020 - September, 2020) for EPS decrease of Rs.3.94, since the company reported EPS of Rs.8.16; in compare to corresponding 6 months end(April, 2019 - September. 2019) when the company posted EPS of Rs.12.10.

Assets Reported by Cummins India Limited for Second Quarter FY, 2020-21
Details Non-current Assets Current Assets
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 27.09 28.14 34.88 33.82
  Change Change % Change Change %
Calculated 1.05 3.73%(Assets Decrease) 1.06 3.13%(Assets Increase)

Assets:The company reported its non-current assets decreased by 3.73% in current quarter(September, 2020) for non-current assets decrease of Rs.1.05 billions, since the company reported net non-current assets of Rs.27.09 billions; in compare to previous year end(March, 2020) when the company reported net non-current assets of Rs.28.14 billions.
The balance sheet of the company also shows that, its current assets increased by 3.13% in current quarter(September, 2020) for current assets increase of Rs.1.06 billions, as the company reported net current assets of Rs.34.88 billions; against previous year end(March, 2020) when the company reported net current assets of Rs.33.82 billions.

Liabilities Reported by Cummins India Limited for Second Quarter FY, 2020-21
Details Non-current Liabilities Current Liabilities
Current Year Ended(September, 2020) Previous Year End(March, 2020) Current Year Ended(September, 2020) Previous Year End(March, 2020)
Reported 1.93 2.26 15.69 15.68
  Change Change % Change Change %
Calculated 0.33 14.60%(Liabilities Decrease) 0.01 0.06%(Liabilities Increase)

Liabilities:The company reported its non-current liabilities decreased by 14.60% in current quarter(September, 2020) for non-current liabilities decrease of Rs.0.33 billion, since the company reported net non-current liabilities of Rs.1.93 billions; in compare to previous year end(March, 2020) when the company reported net non-current liabilities of Rs.2.26 billions.
The balance sheet of the company also shows that, its current liabilities increased by 0.06% in current quarter(September, 2020) for current liabilities increase of Rs.0.01 billion, as the company reported net current liabilities of Rs.15.69 billions; against previous year end(March, 2020) when the company reported net current liabilities of Rs.15.68 billions.

 


***All amounts are given in Billion Indian Rupees(INR) except EPS (Earnings per share) which are in Indian Rupees(INR) only.***
Gross Margin=Total Revenue from Operations -(Cost of Materials Consumed + Purchases of stock-in-trade - Changes in inventories of finished goods, work-in-progress and stock-in-trade).
Gross Margin%=(Gross Margin / Total Revenue from Operations)*100.
EBITDA=Commission/Interest + Depreciation and Amortization + Tax + Profit/Loss (PAT).
1 Lac = 100,000.
1 Million = 10 Lacs.
1 Crore = 10 Millions.
1 Crore = 100 Lacs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.