CUMMINSIND2023-10-012023-12-31 CUMMINSIND2023-10-012023-12-31 CUMMINSIND2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member CUMMINSIND2023-12-31 CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member CUMMINSIND2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member CUMMINSIND2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member CUMMINSIND2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CUMMINSIND2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500480 CUMMINSIND NOTLISTED Cummins India Limited Equity 2023-04-01 2024-03-31 2024-02-07 2024-01-11 INR Crores Third quarter 18:20:00 20:25:00 2024-02-07 2024-02-07 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 25413800000.00 993900000.00 26407700000.00 12393400000.00 2316100000.00 1188600000.00 2149000000.00 64500000.00 422900000.00 1941600000.00 20476100000.00 5931600000.00 -17000000.00 5914600000.00 1553800000.00 -75300000.00 1478500000.00 0.00 4436100000.00 0.00 0.00 0.00 553000000.00 4989100000.00 -23300000.00 4965800000.00 4989100000.00 0.00 4965800000.00 0.00 554400000.00 2 18.00 18.00 0.00 0.00 18.00 18.00 The Consolidated financial results include results of the following companies : Please refer quick results uploaded on the BSE and NSE website. The Board of directors of Cummins Research and Technology India Private Limited (CRTI) at its meeting held on March 21, 2016, had decided to cease operations of CRTI. Accordingly, it ceased its operations from April 1, 2016. The shareholders of CRTI, in their extra-ordinary general meeting held on April 1, 2022, passed a resolution to initiate voluntary winding-up of CRTI under Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016. The liquidator, appointed by the shareholders at the extra-ordinary general meeting, completed all the procedures pertaining to the voluntary winding-up, and had submitted the dissolution application with the Mumbai Bench of the National Company Law Tribunal (NCLT) on May 20, 2023. The final order of dissolution (voluntary liquidation) was passed by the NCLT on December 13, 2023 and accordingly, CRTI ceases to exist. This statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 07, 2024. Exceptional items during the nine months ended December 31, 2022 and year ended March 31, 2023 pertain to expenses on account of Voluntary Retirement Scheme (VRS or the Scheme) aggregating to Rs. 14.30 Cr. Exceptional items during the quarter and nine months ended December 31, 2023 pertain to expenses on account of voluntary retirement (VRP) and voluntary separation (VSP) programs announced on November 3, 2023 for eligible employees aggregating to Rs. 1.70 Cr. The Board of Directors of the Company at their meeting held on February 07, 2024 declared an interim dividend of Rs. 18 per equity share on 277,200,000 shares of Rs. 2 each fully paid-up for the financial year 2023-24. The Company had a plant in Special Economic Zone (SEZ) in Phaltan (Phaltan Plant) for exports of gensets. The Company has opted for the concessional tax regime u/s 115 BAA of Income Tax Act w.e.f. April 1, 2019, and accordingly doesn’t claim any Income Tax benefits related to SEZ units for Phaltan Plant. Based on an application by the Company and on payment of necessary fees and duties, the Assistant Development Commissioner, Pune cluster SEZ has allowed the conversion of Phaltan Plant from an SEZ unit to a Domestic Tariff Area (DTA) unit w.e.f. October 11, 2023. This conversion does not have any significant impact on the financial results for the quarter and nine months ended December 31, 2023. Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 66811800000.00 2781700000.00 69593500000.00 35958600000.00 6632200000.00 290100000.00 6072200000.00 211000000.00 1168000000.00 5547200000.00 55879300000.00 13714200000.00 -17000000.00 13697200000.00 3530400000.00 -64100000.00 3466300000.00 0.00 10230900000.00 0.00 0.00 0.00 1586300000.00 11817200000.00 -92700000.00 11724500000.00 11817200000.00 0.00 11724500000.00 0.00 554400000.00 2 42.63 42.63 0.00 0.00 42.63 42.63 Other Expenses 1941600000.00 Other Expenses 5547200000.00 Engines 25097900000.00 Lubes 5602800000.00 Engines 65881100000.00 Lubes 16376200000.00 30700700000.00 82257300000.00 5602800000.00 16376200000.00 25097900000.00 65881100000.00 Engines 6205100000.00 Lubes 262500000.00 Engines 14678700000.00 Lubes 604800000.00 6467600000.00 15283500000.00 Operating segment information : On a review of all the relevant aspects including, in particular, the system of internal financial reporting to the Board of Directors, which is the Chief Operating Decision Maker (CODM), and considering the economic characteristics of the operations, the Group is of the view that it operates in two segments viz. Engines and Lubes. Lubes segment comprises of a joint venture viz. Valvoline Cummins Private Limited, which is accounted for as per equity method under relevant Ind AS. The CODM evaluates the Group's performance based on an analysis of various parameters. Engine segment comprises of Cummins India Limited and other Group Companies which have been aggregated considering the nature of products, class of customer etc. Following information is provided to the CODM for Lubes segment for monitoring its performance: Please Refer Note 3 of the Quick Results uploaded on the NSE and BSE website. The above numbers represent full numbers in the Statement of Profit and Loss of Valvoline Cummins Private Limited and are not Group's proportionate share. 6467600000.00 15283500000.00 Engines 90832200000.00 Lubes 0.00 90832200000.00 Engines 25047600000.00 Lubes 0.00 25047600000.00 Remeasurement (loss) / gain on defined benefit plans -9900000.00 Share in joint ventures' and associate's OCI after tax (net) 500000.00 Remeasurement (loss) / gain on defined benefit plans -107000000.00 Share in joint ventures' and associate's OCI after tax (net) 1000000.00 -9400000.00 -106000000.00 -2500000.00 -26900000.00 Changes in the fair value of financial instruments -21900000.00 Changes in the fair value of financial instruments -18200000.00 -21900000.00 -18200000.00 -5500000.00 -4600000.00