Domestic growth to power near-term performance of Cummins India

Powergen revenues spurted 51 per cent on the back of a 20 per cent volume growth

The stock of Cummins India is up 59 per cent since the start of November and has been hitting its 52-week highs on a regular basis post the strong December quarter results.

The quarterly performance was boosted by strong top line growth as well as margin performance. 

Riding on a 36 per cent year-on-year (Y-o-Y) growth in the domestic market, the company posted an overall revenue growth of 16 per cent.

Growth in the domestic business was led by the power generation (powergen) segment. Here, demand trends remain strong from sectors such as data centres, infrastructure, manufacturing, commercial and residential