Cummins India Ltd
NSE:CUMMINSIND
Income Statement
Earnings Waterfall
Cummins India Ltd
Revenue
|
86.2B
INR
|
Cost of Revenue
|
-55.8B
INR
|
Gross Profit
|
30.4B
INR
|
Operating Expenses
|
-16.3B
INR
|
Operating Income
|
14.1B
INR
|
Other Expenses
|
1.2B
INR
|
Net Income
|
15.3B
INR
|
Income Statement
Cummins India Ltd
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
41 475
N/A
|
41 173
-1%
|
43 426
+5%
|
43 485
+0%
|
44 756
+3%
|
45 895
+3%
|
43 800
-5%
|
42 258
-4%
|
41 593
-2%
|
39 767
-4%
|
39 724
0%
|
41 838
+5%
|
42 439
+1%
|
49 161
+16%
|
51 853
+5%
|
52 389
+1%
|
53 027
+1%
|
50 994
-4%
|
13 369
-74%
|
28 338
+112%
|
43 481
+53%
|
56 973
+31%
|
57 122
+0%
|
55 362
-3%
|
54 783
-1%
|
51 915
-5%
|
43 426
-16%
|
41 917
-3%
|
41 663
-1%
|
43 601
+5%
|
50 522
+16%
|
56 124
+11%
|
59 251
+6%
|
61 709
+4%
|
66 719
+8%
|
68 990
+3%
|
73 403
+6%
|
77 721
+6%
|
82 944
+7%
|
82 587
0%
|
86 150
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(26 719)
|
(26 454)
|
(27 702)
|
(27 354)
|
(28 120)
|
(28 875)
|
(27 446)
|
(26 253)
|
(25 562)
|
(25 690)
|
(24 031)
|
(25 485)
|
(26 022)
|
(31 710)
|
(32 227)
|
(32 639)
|
(33 314)
|
(34 675)
|
(8 345)
|
(17 589)
|
(27 383)
|
(37 540)
|
(36 735)
|
(36 049)
|
(35 663)
|
(35 058)
|
(27 760)
|
(26 410)
|
(26 168)
|
(28 461)
|
(32 530)
|
(36 850)
|
(39 257)
|
(42 185)
|
(44 888)
|
(46 642)
|
(49 463)
|
(53 476)
|
(55 494)
|
(54 295)
|
(55 800)
|
|
Gross Profit |
14 754
N/A
|
14 717
0%
|
15 721
+7%
|
16 128
+3%
|
16 634
+3%
|
17 019
+2%
|
16 354
-4%
|
16 005
-2%
|
16 031
+0%
|
14 077
-12%
|
15 694
+11%
|
16 354
+4%
|
16 418
+0%
|
17 451
+6%
|
19 626
+12%
|
19 751
+1%
|
19 714
0%
|
16 319
-17%
|
5 024
-69%
|
10 749
+114%
|
16 098
+50%
|
19 434
+21%
|
20 387
+5%
|
19 313
-5%
|
19 120
-1%
|
16 857
-12%
|
15 666
-7%
|
15 507
-1%
|
15 496
0%
|
15 140
-2%
|
17 994
+19%
|
19 277
+7%
|
19 996
+4%
|
19 524
-2%
|
21 832
+12%
|
22 348
+2%
|
23 940
+7%
|
24 245
+1%
|
27 450
+13%
|
28 291
+3%
|
30 351
+7%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(8 059)
|
(8 165)
|
(8 605)
|
(8 706)
|
(8 745)
|
(9 143)
|
(9 050)
|
(9 188)
|
(9 341)
|
(7 635)
|
(9 288)
|
(9 647)
|
(9 894)
|
(10 163)
|
(11 967)
|
(11 980)
|
(12 094)
|
(9 383)
|
(3 140)
|
(6 631)
|
(9 979)
|
(10 384)
|
(13 470)
|
(13 391)
|
(13 334)
|
(10 433)
|
(12 489)
|
(12 213)
|
(11 969)
|
(8 452)
|
(11 988)
|
(12 372)
|
(12 816)
|
(10 251)
|
(13 668)
|
(13 897)
|
(14 079)
|
(11 237)
|
(15 138)
|
(15 442)
|
(16 282)
|
|
Selling, General & Administrative |
(2 932)
|
(3 041)
|
(3 190)
|
(3 254)
|
(3 312)
|
(3 387)
|
(3 371)
|
(3 433)
|
(3 465)
|
(5 666)
|
(3 469)
|
(3 610)
|
(3 755)
|
(7 390)
|
(4 345)
|
(4 413)
|
(4 486)
|
(7 460)
|
(1 304)
|
(2 815)
|
(4 236)
|
(9 650)
|
(5 732)
|
(5 672)
|
(5 714)
|
(9 849)
|
(5 555)
|
(5 336)
|
(5 164)
|
(8 389)
|
(5 299)
|
(5 685)
|
(6 051)
|
(9 553)
|
(6 311)
|
(6 352)
|
(6 354)
|
(10 535)
|
(6 865)
|
(7 193)
|
(7 683)
|
|
Depreciation & Amortization |
(390)
|
(420)
|
(440)
|
(459)
|
(468)
|
(473)
|
(476)
|
(490)
|
(505)
|
(528)
|
(596)
|
(669)
|
(753)
|
(865)
|
(882)
|
(878)
|
(863)
|
(814)
|
(273)
|
(548)
|
(829)
|
(816)
|
(1 134)
|
(1 157)
|
(1 176)
|
(889)
|
(1 219)
|
(1 251)
|
(1 275)
|
(850)
|
(1 277)
|
(1 287)
|
(1 316)
|
(931)
|
(1 385)
|
(1 401)
|
(1 395)
|
(985)
|
(1 442)
|
(1 468)
|
(1 544)
|
|
Other Operating Expenses |
(4 738)
|
(4 706)
|
(4 976)
|
(4 993)
|
(4 966)
|
(5 284)
|
(5 203)
|
(5 265)
|
(5 370)
|
(1 441)
|
(5 223)
|
(5 369)
|
(5 388)
|
(1 909)
|
(6 741)
|
(6 690)
|
(6 745)
|
(1 109)
|
(1 564)
|
(3 268)
|
(4 915)
|
82
|
(6 604)
|
(6 563)
|
(6 444)
|
304
|
(5 715)
|
(5 626)
|
(5 530)
|
787
|
(5 414)
|
(5 400)
|
(5 449)
|
233
|
(5 973)
|
(6 145)
|
(6 331)
|
283
|
(6 832)
|
(6 781)
|
(7 056)
|
|
Operating Income |
6 696
N/A
|
6 553
-2%
|
7 118
+9%
|
7 425
+4%
|
7 890
+6%
|
7 876
0%
|
7 304
-7%
|
6 817
-7%
|
6 692
-2%
|
6 442
-4%
|
6 407
-1%
|
6 707
+5%
|
6 523
-3%
|
7 288
+12%
|
7 658
+5%
|
7 771
+1%
|
7 620
-2%
|
6 936
-9%
|
1 884
-73%
|
4 118
+119%
|
6 118
+49%
|
9 049
+48%
|
6 916
-24%
|
5 921
-14%
|
5 786
-2%
|
6 424
+11%
|
3 177
-51%
|
3 294
+4%
|
3 527
+7%
|
6 688
+90%
|
6 005
-10%
|
6 903
+15%
|
7 178
+4%
|
9 274
+29%
|
8 165
-12%
|
8 453
+4%
|
9 864
+17%
|
13 008
+32%
|
12 313
-5%
|
12 850
+4%
|
14 069
+9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
474
|
461
|
(57)
|
(59)
|
419
|
429
|
431
|
435
|
(42)
|
1 082
|
791
|
790
|
805
|
1 524
|
154
|
162
|
155
|
518
|
180
|
292
|
515
|
1 462
|
833
|
993
|
1 017
|
1 653
|
790
|
742
|
889
|
1 983
|
1 029
|
887
|
791
|
1 238
|
991
|
1 188
|
1 585
|
2 750
|
2 196
|
2 226
|
2 020
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(161)
|
(199)
|
(199)
|
(199)
|
(38)
|
0
|
0
|
0
|
0
|
0
|
(143)
|
(143)
|
(143)
|
(143)
|
0
|
0
|
(17)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
71
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
(41)
|
0
|
0
|
0
|
(208)
|
1 324
|
1 324
|
1 324
|
1 384
|
0
|
0
|
0
|
25
|
0
|
0
|
0
|
|
Total Other Income |
992
|
1 231
|
1 336
|
1 419
|
1 626
|
2 208
|
2 491
|
2 711
|
2 286
|
653
|
1 350
|
1 518
|
1 693
|
465
|
1 443
|
1 315
|
1 470
|
540
|
529
|
1 117
|
1 754
|
171
|
2 452
|
2 509
|
2 501
|
237
|
2 911
|
2 846
|
2 823
|
(214)
|
2 320
|
2 340
|
2 344
|
174
|
2 551
|
2 641
|
2 880
|
273
|
3 303
|
3 511
|
3 656
|
|
Pre-Tax Income |
8 160
N/A
|
8 245
+1%
|
8 395
+2%
|
8 783
+5%
|
9 934
+13%
|
10 512
+6%
|
10 224
-3%
|
9 961
-3%
|
8 934
-10%
|
8 175
-8%
|
8 547
+5%
|
9 015
+5%
|
9 021
+0%
|
9 347
+4%
|
9 255
-1%
|
9 248
0%
|
9 245
0%
|
7 994
-14%
|
2 593
-68%
|
5 527
+113%
|
8 387
+52%
|
10 689
+27%
|
10 202
-5%
|
9 424
-8%
|
9 145
-3%
|
8 075
-12%
|
6 681
-17%
|
6 685
+0%
|
7 201
+8%
|
8 250
+15%
|
10 677
+29%
|
11 453
+7%
|
11 637
+2%
|
12 070
+4%
|
11 563
-4%
|
12 138
+5%
|
14 184
+17%
|
15 913
+12%
|
17 811
+12%
|
18 587
+4%
|
19 728
+6%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2 255)
|
(2 335)
|
(2 451)
|
(2 515)
|
(2 734)
|
(2 872)
|
(2 727)
|
(2 625)
|
(2 467)
|
(2 175)
|
(2 090)
|
(1 982)
|
(1 650)
|
(1 772)
|
(1 692)
|
(1 723)
|
(1 746)
|
(1 710)
|
(752)
|
(1 639)
|
(2 524)
|
(3 263)
|
(3 091)
|
(2 531)
|
(2 228)
|
(1 228)
|
(829)
|
(930)
|
(1 042)
|
(1 900)
|
(2 387)
|
(2 685)
|
(2 777)
|
(2 732)
|
(2 714)
|
(2 826)
|
(3 229)
|
(3 631)
|
(3 974)
|
(4 132)
|
(4 421)
|
|
Income from Continuing Operations |
5 908
|
5 914
|
5 948
|
6 271
|
7 202
|
7 641
|
7 497
|
7 336
|
6 467
|
6 000
|
6 458
|
7 034
|
7 372
|
7 574
|
7 561
|
7 523
|
7 497
|
6 284
|
1 842
|
3 889
|
5 864
|
7 426
|
7 111
|
6 893
|
6 917
|
6 847
|
5 851
|
5 754
|
6 158
|
6 350
|
8 290
|
8 768
|
8 860
|
9 337
|
8 849
|
9 312
|
10 955
|
12 282
|
13 837
|
14 455
|
15 306
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
146
|
0
|
0
|
0
|
930
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
5 908
N/A
|
5 914
+0%
|
5 948
+1%
|
6 271
+5%
|
7 202
+15%
|
7 641
+6%
|
7 497
-2%
|
7 336
-2%
|
6 467
-12%
|
6 000
-7%
|
6 458
+8%
|
7 034
+9%
|
7 372
+5%
|
7 720
+5%
|
7 707
0%
|
7 669
0%
|
7 643
0%
|
7 213
-6%
|
1 842
-74%
|
3 889
+111%
|
5 864
+51%
|
7 426
+27%
|
7 111
-4%
|
6 893
-3%
|
6 917
+0%
|
7 056
+2%
|
6 060
-14%
|
5 963
-2%
|
6 367
+7%
|
6 350
0%
|
8 290
+31%
|
8 768
+6%
|
8 860
+1%
|
9 337
+5%
|
8 849
-5%
|
9 312
+5%
|
10 955
+18%
|
12 282
+12%
|
13 837
+13%
|
14 455
+4%
|
15 306
+6%
|
|
EPS (Diluted) |
21.32
N/A
|
21.34
+0%
|
21.46
+1%
|
22.63
+5%
|
26
+15%
|
27.58
+6%
|
27.05
-2%
|
26.1
-4%
|
23.33
-11%
|
21.65
-7%
|
23.3
+8%
|
25.38
+9%
|
26.32
+4%
|
27.87
+6%
|
27.82
0%
|
27.67
-1%
|
27.59
0%
|
26.02
-6%
|
6.61
-75%
|
14.03
+112%
|
21.16
+51%
|
26.79
+27%
|
25.67
-4%
|
24.88
-3%
|
24.97
+0%
|
25.47
+2%
|
21.79
-14%
|
21.52
-1%
|
22.98
+7%
|
22.91
0%
|
29.91
+31%
|
31.65
+6%
|
31.98
+1%
|
33.7
+5%
|
31.94
-5%
|
33.61
+5%
|
39.54
+18%
|
44.31
+12%
|
49.92
+13%
|
52.15
+4%
|
55.22
+6%
|