900% Dividend Declared: Engineering Co Sets Feb 21 As Record Date, Net Jumps 26%

Cummins India Ltd shares witnessed a marginal decline of 0.19% to settle at Rs 2399.20 apiece. Board of Directors of Cummins India declared an interim dividend of Rs 18 per equity shares and fixed Feb 21, 2024 as the record date for dividend payment. Cummins India shares soared 66% in last 1-year and rallied 164% in last 2-years. Check details below:

Cummins India Declares Interim Dividend: As per the BSE filing of the company dated February 7, 2024, "We further wish to inform the exchange that the Board of Directors have approved and declared an Interim Dividend of Rs 18/- per equity share i.e. at the rate of 900% on 277,200,000 equity shares (Face Value Rs. 2/- each) for the Financial Year 2023-24. The Interim Dividend will be paid on or before March 06, 2024."

Cummins India Q3 Results: Cummins, from the industry of Compressors, Pumps & Diesel Engines, today declared its standalone net profit at Rs 454.92 crore, up 26.32% YoY from Rs 360.14 crore declared in the corresponding quarter of last year, pushed by strong demand in domestic and global markets. The company's EPS came at Rs 16.41 for December 2023 quarter as against Rs 12.99 in the corresponding quarter of last year.

Total expenses of Cummins declared at Rs 2044.32 crore for the December 2023 quarter as against Rs 1805.33 crore in the similar quarter of last year. Total income has been declared at Rs 2647.67 crore for the quarter under review as against Rs 2284.30 crore for the similar quarter of last year.

Cummins India Stock Performance & Return: The 52-week high price of Cummins India shares on BSE is Rs 2415.20 apiece and 52-week low price is Rs 1434.00 apiece, respectively. The company has a market capitalisation of Rs 66,505.82 crore. Cummins India shares rallied 20% in last 1-month, soared 41% in last 3-months, rallied 38% in last 6-months, and offered return of 205% in last 3-years.

Cummins India About: Formed in 1962, the largest entity of Cummins in India, Cummins India Limited is the country's leading manufacturer of diesel and natural gas engines. One of the seven legal entities of the Cummins Group in India, Cummins India Limited comprises three business units - Engine, Power Systems, and Distribution, according to its official website.

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