Cummins India · Analyst questions, management answers, and the quality of the response where the ledger is available.
ConCallIQ research layer
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Questions audited
11
Answered directly
68%
Numeric claims
6
Consistency
contradicted
Question ledger
Parikshit Kandpal · HDFC Securities
directThis is largely owing to the fact that the same quarter last year had pre-buy sales of CPCB2. This is not with respect to just this year. Last year saw higher sales because of the pre-buy.
Parikshit Kandpal · HDFC Securities
partialThe volumes in CPCB4 plus are not completely matching up to CPCB2, but every quarter we are seeing increase in the volume trend. I think another quarter or two to see the volumes crossing CPCB2 numbers, not yet.
Parikshit Kandpal · HDFC Securities
directNo, no one-offs like that, Parikshit. ... demand across sectors and all different segments have contributed to the growth, so I won't be able to call out one particular one-off segment.
Mohit Pandey · Macquarie
directFrom a gross margin perspective, if you look at the whole year, we have done better as compared to last year. ... a lot of effort put in in terms of our work on the direct material cost and bringing the cost of our products down. Also, as I mentioned, we are watching pricing carefully, and we have been able to hold on to pricing as well.
Mohit Pandey · Macquarie
evasiveThat is our endeavor, Mohit. That is our endeavor. We continuously work on cost-related efforts so that we can improve on these.
Mohit Pandey · Macquarie
directFor the financial year 2024-2025, breaking up the power gen sales, low HOSPAR is at INR 272 crore, medium range is at INR 733 crore, heavy duty is at INR 376 crore, and high HOSPAR is at INR 2,463 crore, leading to a total of INR 3,844 crore for the year.
Umesh Raut · Nomura India
directWe are seeing demand, and this demand is continuing from the segments, all the segments that we serve. There is demand in residential realty, commercial realty, infra-related segments, in data centers. ... Some emerging segments ... quick commerce.
Umesh Raut · Nomura India
directThe only difference is foreign exchange. We are reporting our numbers in INR, and they are reporting their numbers in US dollars. There is no other reconciliation between those two.
Mohit Kumar · ICICI Securities
partialFrom a quarter-to-quarter perspective, yes, there is some actuarial benefit impact that is there from a quarter perspective. There is also some reclassification done for better representing the results.
Mohit Kumar · ICICI Securities
declinedWe won't be able to quantify that number.
Mohit Kumar · ICICI Securities
evasiveI will have to say that we are maintaining double-digit guidance. While we see demand in the local market, you will appreciate that there are uncertainties in the global markets, and the impact of tariffs is not completely baked in yet. It will be very difficult to give you a very specific answer on that.
Jason Soans · IDBI Capital
partialThe revenue for Cummins Generator Technologies was somewhere around INR 1,980 crore. The same for Valvoline Cummins was somewhere around INR 2,350 crore for the full year. ... We don't share those specific numbers, Jason.
