Cumin posted strong numbers

Cummins India strong Q3 results mostly beat Street estimates! Strong domestic demand helped push volumes up 36% YoY, which made up for a fall in exports. Meanwhile, lower expenses and raw material costs helped push up margins and the bottom line. Fun fact: Cummins reported its highest-ever quarterly revenue + profit in Q3! Overall, a great show.
Revenue: Rs 2,534 cr; +16% YoY (vs Est: Rs 2,298 cr)
EBITDA: Rs 538 cr; +31% YoY (vs Est: Rs 390 cr)
EBITDA Margin: 21.2% vs 18.9% last year
PAT: Rs 455 cr; +26% You (vs Est: Rs 351 cr)