CUMMINSIND2023-07-012023-09-30 CUMMINSIND2023-07-012023-09-30 CUMMINSIND2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member CUMMINSIND2023-09-30 CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentRevenue02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourReportableSegmentRevenue02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentResults02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourReportableSegmentResults02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentAssets02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member CUMMINSIND2023-09-30in-bse-fin:OneReportableSegmentLiabilities01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member CUMMINSIND2023-09-30in-bse-fin:OneReportableSegmentLiabilities02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member CUMMINSIND2023-07-012023-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CUMMINSIND2023-07-012023-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500480 CUMMINSIND NOTLISTED Cummins India Limited Equity 2023-04-01 2024-03-31 2023-11-07 2023-10-18 INR Crores Half yearly 16:30:00 18:30:00 2023-11-07 2023-11-07 true Cash Flow Indirect Not applicable Multi segment 2023-07-01 2023-09-30 Unaudited Consolidated 19215500000.00 898000000.00 20113500000.00 11120900000.00 1335900000.00 -373700000.00 1986700000.00 68200000.00 382600000.00 1683800000.00 16204400000.00 3909100000.00 0.00 3909100000.00 987800000.00 8100000.00 995900000.00 0.00 2913200000.00 0.00 0.00 0.00 377700000.00 3290900000.00 -79500000.00 3211400000.00 3290900000.00 0.00 3211400000.00 0.00 554400000.00 2 11.87 11.87 0.00 0.00 11.87 11.87 0.00 0.00 0.00 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 has submitted the dissolution application with the Mumbai Bench of The National Company Law Tribunal (NCLT) on May 20, 2023. This statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on November 07, 2023. 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 impact on the financial results for the quarter and period ended and as of September 30, 2023. The company has announced voluntary retirement (VRP) and voluntary separation (VSP) programs on November 3, 2023 for eligible employees. This is in line with its continued efforts to optimise the cost structure relative to market conditions and size of business. These programs do not have any impact on the financial results for the quarter and period ended and as of September 30, 2023. Government of India's Code for Social Security 2020 (the 'Code') received assent from the President in September 2020. However, the date from when the Code will become applicable and the relevant Rules have not yet been notified. The Group will assess the impact of the Code and account for the same once the effective date and the rules are notified. Multi segment 2023-04-01 2023-09-30 Unaudited Consolidated 41398000000.00 1787800000.00 43185800000.00 23565200000.00 4316100000.00 -898500000.00 3923200000.00 146500000.00 745100000.00 3605600000.00 35403200000.00 7782600000.00 0.00 7782600000.00 1976600000.00 11200000.00 1987800000.00 0.00 5794800000.00 0.00 0.00 0.00 1033300000.00 6828100000.00 -69400000.00 6758700000.00 6828100000.00 0.00 6758700000.00 0.00 554400000.00 2 24.63 24.63 0.00 0.00 24.63 24.63 0.00 0.00 0.00 Other Expenses 1683800000.00 Other Expenses 3605600000.00 11707500000.00 489000000.00 9986200000.00 0.00 1321100000.00 58700000.00 4419900000.00 302000000.00 0.00 0.00 106700000.00 408700000.00 1134500000.00 29525600000.00 10221900000.00 12626800000.00 14817800000.00 4059000000.00 9883400000.00 0.00 368100000.00 41755100000.00 1598100000.00 53575100000.00 21800000.00 83122500000.00 554400000.00 60244400000.00 60798800000.00 60798800000.00 0.00 1284500000.00 1284500000.00 1063300000.00 995800000.00 32900000.00 3376500000.00 2500000000.00 11043000000.00 2087200000.00 15630200000.00 1629100000.00 1687900000.00 18947200000.00 22323700000.00 83122500000.00 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 impact on the financial results for the quarter and period ended and as of September 30, 2023. The company has announced voluntary retirement (VRP) and voluntary separation (VSP) programs on November 3, 2023 for eligible employees. This is in line with its continued efforts to optimise the cost structure relative to market conditions and size of business. These programs do not have any impact on the financial results for the quarter and period ended and as of September 30, 2023. Engines 18936300000.00 Lubes 4790800000.00 Engines 40783200000.00 Lubes 10773400000.00 23727100000.00 51556600000.00 4790800000.00 10773400000.00 18936300000.00 40783200000.00 Engines 4186800000.00 Lubes 100000000.00 Engines 8473600000.00 Lubes 342300000.00 4286800000.00 8815900000.00 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 5 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. 4286800000.00 8815900000.00 Engines 83122500000.00 Lubes 0.00 83122500000.00 Engines 22323700000.00 Lubes 0.00 22323700000.00 146500000.00 -1185300000.00 1085100000.00 0.00 -367900000.00 0.00 0.00 28100000.00 0.00 -436800000.00 0.00 192100000.00 0.00 745100000.00 0.00 183100000.00 0.00 1642200000.00 0.00 -148500000.00 0.00 494100000.00 61300000.00 5400000.00 0.00 -276800000.00 0.00 2800000.00 0.00 1182300000.00 8964900000.00 0.00 0.00 0.00 1772200000.00 0.00 7192700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 19400000.00 1615400000.00 0.00 0.00 0.00 58700000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 709000000.00 494400000.00 0.00 -2110600000.00 0.00 -2561900000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -1000400000.00 0.00 0.00 35500000.00 3603600000.00 99100000.00 0.00 0.00 -4738600000.00 -107800000.00 199900000.00 92100000.00 3966900000.00 4059000000.00 Remeasurement (loss) / gain on defined benefit plans -107700000.00 Share in joint ventures' and associate's OCI after tax (net) 100000.00 Remeasurement (loss) / gain on defined benefit plans -97100000.00 Share in joint ventures' and associate's OCI after tax (net) 500000.00 -107600000.00 -96600000.00 -27100000.00 -24400000.00 Changes in the fair value of financial instruments 1300000.00 Changes in the fair value of financial instruments 3700000.00 1300000.00 3700000.00 300000.00 900000.00