[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-cummins-india-reports-record-revenue-for-second-financial-year":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$fR4DoeVRVekscO3pYCsJIt6KjRPIynjtNlytHFj6IDMg":167,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":173,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},439,"Cummins India Reports Record Revenue for Second Financial Year","cummins-india-reports-record-revenue-for-second-financial-year","Cummins India posts record revenue for the second consecutive year. Explore the company's financial growth, export success, and outlook.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002Fshutterstock_190821287.jpg\" alt=\"\" width=\"406\" height=\"228\">Cummins India Ltd’s Board of Directors recently reviewed and approved the financial results for the quarter and year ended March 31, 2023. Total Sales for the year ended March 31, 2023, at INR 7,612 crore increased by 26 percent compared to the last year. Domestic sales at INR 5,562 crore increased by 26 percent compared to last year. Exports Sales at INR 2,050 crore increased by 27 percent compared to last year. Profit before exceptions item and tax at INR 1,506 crore is higher by 46 percent compared to the last year. Profit before tax at INR 1,492 crore is higher by 29 percent compared to the last year. Profit after tax at INR 1,130 crore is higher by 27 percent compared to the last year.\u003C\u002Fp>\r\n\u003Cp>Total Sales for the quarter ended March 31, 2023, at INR 1,889 crore, increased by 29 percent compared to the same quarter last year and decreased by 12 percent compared to the previous quarter. Domestic sales at INR 1,396 crore increased by 33 percent compared to the same quarter last year and decreased by 13 percent compared to the previous quarter. Exports Sales at INR 493 crore increased by 17 percent compared to the same quarter last year and decreased by 9 percent compared to the previous quarter. Profit before tax at INR 413 crore is higher by 69 percent compared to the same quarter last year and lower by 14 percent compared to the previous quarter. Profit after tax at INR 319 crore is higher by 68 percent compared to the same quarter last year and lower by 12 percent compared to the previous quarter.\u003C\u002Fp>\r\n\u003Cp>For CPCB IV+ norms, the Central Pollution Control Board has allowed the sale of CPCB II generator sets until December 31, 2023, after which the Power Generation market will evolve based on the new emission norms. Further, geopolitical and supply chain conditions continue to be unpredictable. Though the company is well-positioned to tackle any challenges with its strong balance sheet and prudent investments in technology, considering the uncertainty, it will not provide any guidance for FY’24 at this time.\u003C\u002Fp>\r\n\u003Cp>Stating that the Indian economy continues to be resilient amidst inflationary economic conditions, rising interest rates, and ongoing geo-political crises, Ashwath Ram, Managing Director, CIL, said, “Fiscal and monetary policy measures are conducive to sustaining the economic growth rate. With softening commodity prices, stable consumption provides optimism for sustaining the economic growth rate of the Indian economy. Government spending on infrastructure promotes various segments, resulting in better capacity utilization and early signs of private capex. Global end markets for exports held up well for the year, while monetary policy actions by various central banks around the world to contain inflation may pose a challenge to consumption in the near term.”\u003C\u002Fp>\r\n\u003Cp>He continued, “For the year ended March 31, 2023, CIL reported record revenue for the second financial year in a row, driven by strong domestic and export demand. This, coupled with pricing actions and prudent cost management, resulted in a record profit for the year. However, given the emission changes from July and continued supply chain challenges, especially for specific electronic and other components, we remain cautiously optimistic about the short- to medium-term demand outlook. The CPCB IV+ norms will become effective July 1, 2023, for gensets up to 800 kW. The company is ready with its products to meet the new emission norms and is confident of offering the best-in-class products to its customers, which will continue to deliver superior performance and meet the new emission norms.”\u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.cummins.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FykuZZj0oxaxAGZoJHUfs.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FMay2023\u002FykuZZj0oxaxAGZoJHUfs.jpg","2023-05-28T06:00:02+05:30","MWM Desk","News",0,"Cummins India achieved a record annual revenue of INR 7,612 crore, marking a 26 percent increase over the previous year.\nThe company reported a strong 27 percent rise in annual profit after tax, reaching INR 1,130 crore despite market challenges.\nManagement remains cautiously optimistic, citing readiness for new CPCB IV+ emission norms and continued investment in technology.","Cummins India has hit a significant milestone, reporting record revenue for the second consecutive financial year! With a 26% increase in total annual sales and a 27% rise in profit after tax, the company continues to demonstrate strong resilience in a complex global market. Managing Director Ashwath Ram highlighted the impact of robust domestic demand and strategic pricing actions, despite ongoing supply chain uncertainties. As the industry prepares for the upcoming CPCB IV+ emission norm transition in July, Cummins India is positioning itself as a leader in delivering high-performance, compliant power solutions. How do you see the evolution of emission regulations shaping the future of the power generation sector? Read the full report for more insights on their market performance and strategic outlook. #CumminsIndia #ManufacturingNews #IndustrialSector","Cummins India reports record-breaking growth with a 26% revenue jump for the fiscal year. Despite global supply chain hurdles, the company remains bullish on infrastructure and new emission standards. #CumminsIndia #Manufacturing","Big wins for Cummins India! 📈 The company just reported record-breaking revenue for the second year in a row, with a 26% boost in total sales. 🚀\n\nNavigating fluctuating global markets and supply chain challenges, they’ve managed to stay ahead of the curve. With the upcoming transition to CPCB IV+ emission norms this July, they are all set to keep delivering high-performance power solutions for their customers. \n\nStrong infrastructure growth and resilient demand are keeping the momentum alive. What are your thoughts on the future of the power generation industry in India? ⚡️\n\n#CumminsIndia #BusinessGrowth #ManufacturingUpdate #Infrastructure #PowerGeneration #MarketReport #IndustryNews",{"title":6,"description":8,"keywords":21},"cummins india, financial report, manufacturing industry, cpcb iv+ norms, infrastructure growth, export sales, genset market, economic resilience, corporate earnings, power generation",{"title":23,"slug":24,"imageUrl":25},"Verlinde’s EUROLIFT BH Hoists Replace Chain Hoists for Cheese Brining","verlindes-eurolift-bh-hoists-replace-chain-hoists-for-cheese-brining","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FpAF3dc9XDGhkyPsq71kg.jpg",{"title":27,"slug":28,"imageUrl":29},"igus Unveils Heat Recovery Concept to Reduce Gas Consumption","igus-unveils-heat-recovery-concept-to-reduce-gas-consumption","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FpjNvYhrruSop31VIEvVT.jpg",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"Epsilon Carbon Commissions New Specialty Carbon Facility in Karnataka","epsilon-carbon-commissions-new-specialty-carbon-facility-in-karnataka","Epsilon Carbon doubles its specialty carbon capacity to 600,000 TPA with a new Industry 4.0 facility in Karnataka, boosting global supply.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fepsilon-carbon-commissions-new-specialty-carbon-facility-in-karnataka-3v5tep.JPG","2026-08-14T01:52:18+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"Essar Marks 15 Years of Stanlow Ownership and Investment","essar-marks-15-years-of-stanlow-ownership-and-investment","Essar celebrates 15 years at the Stanlow Manufacturing Complex, unveiling a £4.3B investment strategy for hydrogen and data centers.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fessar-marks-15-years-of-stanlow-ownership-and-investment-g9GAeC.jpeg","2026-08-08T02:00:45+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"Advait Energy Transitions, Manipal Energy Infratech Team Up for Integrated Energy Projects","advait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects","Advait Energy Transitions and Manipal Energy Infratech partner to accelerate global energy projects in renewables, BESS, and green 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COO","schaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo","Schaeffler India appoints Amit Bhalerao as COO to lead manufacturing strategy, digital transformation, and operational excellence.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fschaeffler-india-strengthens-leadership-with-amit-bhalerao-as-coo-s7tsd7.jpg","2026-08-08T01:33:13+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"KAS Group Brings G Sivakumar Onboard to Lead Manufacturing","kas-group-brings-g-sivakumar-onboard-to-lead-manufacturing","KAS Group appoints manufacturing veteran G Sivakumar as GM to bolster its semiconductor and advanced manufacturing operations in India.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fkas-group-brings-g-sivakumar-onboard-to-lead-manufacturing-vEi9jn.jpg","2026-07-31T03:43:17+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"NORD Expands Functional Safety of NORDAC ON Drive Electronics","nord-expands-functional-safety-of-nordac-on-drive-electronics","NORD DRIVESYSTEMS upgrades its NORDAC ON frequency inverters with advanced functional safety features for smarter, safer automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnord-expands-functional-safety-of-nordac-on-drive-electronics-EQbpyp.jpg","2026-07-31T03:39:50+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"CII GreenPro Summit 2026 Drives India’s Industrial Decarbonization Agenda","cii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda","CII GreenPro Summit 2026 accelerates India's industrial decarbonization with focus on green products and sustainable value chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fcii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda-dlMTv5.png","2026-07-31T03:24:02+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"BASF Launches Melyra and Inveris Gold Crop Protection Solutions in India","basf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india","BASF expands its Indian agricultural portfolio with the launch of Melyra and Inveris Gold, delivering advanced crop protection and enhanced productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-gdMNFU.jpg","2026-07-31T02:38:13+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-n5XI9j.webp","2026-07-31T02:17:58+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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