Cummins India Q1 EBITDA margin drops to 17.97%, a 10-quarter low
Cummins India reported June-quarter revenue up 18% year on year to ₹3,425 crore, while EBITDA margin fell to 17.97%, its lowest level in 10 quarters. The margin was down 350 basis points from a year earlier as costs rose 24% and the pass-through lagged, weighing on profitability. EBITDA came in below market expectations, according to a CNBCTV18 poll.