MUMBAI: Shares of Cummins India Ltd fell nearly 6% on the National Stock Exchange in opening deals on Thursday, reacting to the company's disappointing Q4FY21 earnings. It missed estimates on key earnings parameters of revenue growth and operating margins. Sales at Rs1,246 crore was 12% below consensus estimates on weaker exports. As expected, gross margins contracted annually and sequentially to 32.3% on higher commodity prices. It should be noted that gross margins in Q4FY21 were at a multi-quarter low.

Source: Mint May 27, 2021 05:03 UTC