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Execution challenges may continue to drag Cummins India in FY21

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₹190 crore loss in sales in the fourth quarter of last fiscal.As such, Q4 turned out to be a huge disappointment with revenues dropping about 22%.

In addition, the company has been unable to fall back on exports amid the covid-19 pandemic.Exports shrunk about 20% year-on-year and could continue to be constrained in the near term because of the state of the global economy.

There are hopes that demand may revive in the second half depending on the reopening of economies, but that too will be slow.Nevertheless, to improve margins Cummins will have to rely on absorbing high fixed costs.

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Manchester United evening headlines as Pogba pushes for starting role and De Gea faces Henderson challenge
Manchester United were back in Premier League action last night, salvaging a 1-1 draw away at Tottenham Hotspur.A late Bruno Fernandes penalty secured a point for Ole Gunnar Solskjær’s side after Spurs had taken an earlier lead through Steven Bergwijn. The penalty was won by a returning Paul Pogba, brought on in the 63rd minute alongside Mason Greenwood.Greenwood in particular is staking a claim to be in United’s starting XI on a regular basis, impressing in place of a disappointing Daniel James.
Paul Pogba Bruno Fernandes Steven Bergwijn Daniel James city Manchester county Greenwood Government
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