19 Hrs
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الاقتصادية
Comins India profits rise as CEO resigns
Comines India, a company specializing in the manufacturing of truck engines, achieved a slight increase in profits for the quarter ending June 30. It recorded a consolidated net profit of 6.09 billion rupees (approximately $64 million), representing a 0.83% growth compared to the previous year, supported by continued strong domestic demand. Operating revenue reached 33.75 billion rupees, up by 18.1%. However, rising costs, especially raw material costs which increased by 22.8%, limited profit growth. The company also announced the resignation of Managing Director Shveta Aria to pursue external career opportunities, while it is currently evaluating candidates for her successor. Analysts expect the company to benefit in 2027 from increased demand for high-capacity engines used in power generation for data centers, amidst the impacts of rising costs due to the war between the United States and Iran, which has led to higher production and logistics expenses.
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