🔴 Cummins India is trading 9.46% down after Q2 results missed revenue and profitability estimates

Cummins India is trading at INR 4,299.95, down 9.46% after September-quarter results missed analyst estimates for revenue and profitability.

• EBITDA fell 27.13% year-on-year to ₹507 crore; margin narrowed to 15.36% from 21.94%.
• Commodity-cost inflation, higher freight costs and a changed product mix weighed on margins. Revenue rose 4.1% year-on-year, 6.66% below estimates.
• Results were reported after the November 4 session; the cited report provided no November 5 trading volume.