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Cummins India Results: Latest Quarterly Results & Analysis

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Cummins India Ltd. 05 Feb 2026 11:59 AM

Q3FY26 Quarterly Result Announced for Cummins India Ltd.

Industrial Machinery company Cummins India announced Q3FY26 results

  • Total Sales for the quarter were Rs 3,006 crore, broadly stable YoY with a marginal decline of 1% and lower by 4% QoQ.
  • Domestic sales at Rs 2,535 crore marginally softened by 2% compared to Q3FY25 and trending lower by 2% over Q2FY26.
  • Export Sales at Rs 471 crore are higher by 2% compared to Q3FY25 and lower by 14% compared to Q2FY26.
  • Profit Before Tax (before exceptional items) increased 7% YoY to Rs 719 crore, while moderating by 14% sequentially.
  • Profit after tax was Rs 453 crore and net profit margin stood at 15%.

Shveta Arya, Managing Director, Cummins India, said: “I am pleased to share that Cummins India Limited has recorded a revenue of over Rs 3,000 crore and continues steady execution on our profitable growth strategy, supported by volume leverage and operational efficiencies.

The Consumer Price Index (CPI) remains stable compared to the last quarter, which shows rapid momentum. Other macro-economic indicators like Index of Industrial Production (IIP), crude oil price, show supportive trends. With indirect taxation reforms and further reduction in repo rate, we believe the Indian economy continues to be positioned for an estimated 7.4% GDP growth.”

Result PDF

Industrial Machinery company Cummins India announced Q2FY26 results

  • Total Sales for the quarter at Rs 3,122 crore increased by 28% compared to Q2FY25 and increased by 9% compared to Q1FY26.
  • Domestic sales at Rs 2,577 crore are higher by 28% compared to Q2FY25 and higher by 10% compared to Q1FY26.
  • Export Sales at Rs 545 crore are higher by 24% compared to Q2FY25 and higher by 4% compared to Q1FY26.
  • Profit before tax (before exceptional items) at Rs 839 crore is higher by 41% compared to Q2FY25 and higher by 16% compared to Q1FY26.
  • Profit after tax at Rs 638 crore is higher by 42% compared to Q2FY25 and higher by 8% compared to Q1FY26.

Shveta Arya, Managing Director, Cummins India, said: "I am delighted to announce that Cummins India Limited has delivered a record quarterly revenue, driven by steady demand across markets and improved order execution. We have also achieved a record quarterly profit, supported by volume leverage and operational efficiencies.

Macro-economic indicators continue to remain strong, indicating robust trade activities. IIP and PMI are pointing to a reasonable economic outlook for the year. With improved liquidity consequent to GST 2.0 and stable fiscal policies backed by low inflation the Indian economy is on course to attain 6.8% GDP growth.

India’s export outlook faces headwinds amid ongoing geopolitical uncertainties across regions, thereby impacting global trade flows and demand."

Result PDF

Industrial Machinery company Cummins India announced Q1FY26 results

  • Total Sales for the quarter at Rs 2,859 crore increased by 26% compared to Q1FY25 and increased by 18% compared to Q4FY25.
  • Domestic sales at Rs 2,336 crore are higher by 25% compared to Q1FY25 and higher by 21% compared to Q4FY25.
  • Exports Sales at Rs 523 crore are higher by 34% compared to Q1FY25 and higher by 9% compared to Q4FY25.
  • Profit before tax (before exceptional items) at Rs 726 crore is higher by 32% compared to Q1FY25 and higher by 7% compared to Q4FY25.
  • Profit after tax at Rs 589 crore is higher by 40% compared to Q1FY25 and higher by 13% compared to Q4FY25.

Shveta Arya, Managing Director, Cummins India, said: I am pleased to announce that Cummins India Limited continues to deliver revenue growth backed by steady demand across markets and better execution of orders. We have achieved record quarterly profit owing to volume leverage and operational efficiencies.

While the inflation has eased in India and there is uncertainty around the full impact of global tax and trade policies on the economic landscape in the near to mid-term future.

We believe that despite this uncertainty, we see continued opportunity as India’s economy remains stable due to government’s infrastructure push and recent reductions in interest rates to support economic growth given the low inflation environment.

Result PDF

Industrial Machinery company Cummins India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Sales for the quarter at Rs 2,414 crore. are higher by 6% compared to the same quarter last year and lower by 21% compared to the previous quarter.
  • Domestic sales at Rs 1,935 crore. are higher by 1% compared to the same quarter last year and lower by 25% compared to the previous quarter.
  • Exports Sales at Rs 479 crore. are higher by 39% compared to the same quarter last year and higher by 3% compared to the previous quarter.
  • Profit before tax at Rs 681 crore. is lower by 3% compared to the same quarter last year and higher by 2% compared to the previous quarter.
  • Profit after tax at Rs 521 crore. is lower by 7% compared to the same quarter last year and higher by 1% compared to the previous quarter

FY25 Financial Highlights:

  • Total Sales for the year at Rs 10,166 crore. increased by 15% compared to the last year.
  • Domestic sales at Rs 8,395 crore. increased by 18% compared to the last year.
  • Exports Sales at Rs 1,771 crore. increased by 6% compared to the last year.
  • Profit before tax at Rs 2,496 crore. is higher by 16% compared to the last year.
  • Profit after tax at Rs 1,906 crore. is higher by 15% compared to the last year.

Shveta Arya, Managing Director, Cummins India, said: "I am delighted to announce that Cummins India Limited crossed a milestone of Rs 10,000 crore. annual revenue while maintaining its profit margins. We have also witnessed partial recovery in export demand, driven by our sustained efforts in collaborating with trade partners to stimulate growth across key end markets. We are hopeful that this positive trend will continue.

While the geopolitical tensions have eased partially, the impact of global tax and trade policies on economic situation is still undetermined in the near to mid-term future. We believe that despite this uncertainty, India is on the path to sustained economic growth considering strong domestic demand and stable export demand. The INR/USD rate, crude oil prices amongst other key indicators are stabilizing and tax collections remain strong."

Result PDF

Industrial Machinery company Cummins India announced Q3FY25 results

  • Total Sales at Rs 3,041 crore higher by 22% compared to Q3FY24 and higher by 24% compared to Q2FY25.
  • Domestic sales at Rs 2,577 crore higher by 18% compared to Q3FY24 and higher by 28% compared to Q2FY25.
  • Exports Sales at Rs 464 crore higher by 43% compared to Q3FY24 and higher by 5% compared to Q2FY25.
  • Profit before tax at Rs 670 crore is higher by 11% compared to Q3FY24 and higher by 13% compared to Q2FY25.
  • Profit after tax at Rs 514 crore is higher by 13% compared to Q3FY24 and higher by 14% compared to Q2FY25.

Shveta Arya, Managing Director, Cummins India, said: While inflation is easing in most countries, there is still uncertainty in different regions globally, leading to overall subdued outlook. US policy is expected to have a significant impact on the global economy in the years ahead. Amidst the uncertainties in various global economies, Indian economy is recovering well after slower growth in Q2FY25. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year.

Cummins India Limited continues to execute its profitable growth strategy and has recorded the highest quarterly revenue as a result of the robust demand across segments.

Result PDF

Industrial Machinery company Cummins India announced Q2FY25 results

  • Total Sales for the quarter at Rs 2,448 crore. higher by 31% compared to Q2FY24 and higher by 8% compared to Q1FY25.
  • Domestic sales at Rs 2,008 crore. higher by 47% compared to Q2FY24 and higher by 7% compared to Q1FY25.
  • Exports Sales at Rs 440 crore. lower by 13% compared to Q2FY24 and higher by 13% compared to Q1FY25.
  • Profit before tax at Rs 594 crore. is higher by 39% compared to Q2FY24 and higher by 8% compared to Q1FY25.
  • Profit after tax at Rs 451 crore. is higher by 37% compared to Q2FY24 and higher by 7% compared to Q1FY25.

Shveta Arya, Managing Director, Cummins India, said: The Indian economy continues to remain resilient despite increasingly intense geopolitical conflicts. GST collections continue to remain strong, indicating robust underlying trade activities, while other key economic indicators like IIP, PMI are pointing to a reasonable economic outlook for the year.

With stable fiscal and monetary policies, the Government’s continued emphasis on infrastructure development, and PLI-led capex, the Indian economy is on course for growth in the range of 6.8% to 7.2%, according to various estimates. Cummins India Limited continues to execute its profitable growth strategy and is well-positioned to meet the demands of its end markets. At the same time, internationally, geopolitical risks and conflicts continue to pose uncertainty about global trade and supply chain disruptions.

Effective July 1, 2024, with a complete transition to CPCB IV emission norms for the applicable products, the company is well-positioned and had all its products certified well ahead of the time.

Result PDF

Industrial Machinery company Cummins India announced Q1FY25 results:

  • Total Sales for the quarter at Rs 2,262 crore increased by 4% compared to the same quarter last year and were flat compared to the previous quarter.
  • Domestic sales at Rs 1,873 crore increased by 12% compared to the same quarter last year and decreased by 3% compared to the previous quarter.
  • Exports Sales at Rs 389 crore decreased by 22% compared to the same quarter last year and increased by 13% compared to the previous quarter.
  • Profit before tax at Rs 551 crore was higher by 33% compared to the same quarter last year and lower by 21% compared to the previous quarter.
  • Profit after tax at Rs 420 crore was higher by 33% compared to the same quarter last year and lower by 25% compared to the previous quarter.

Ashwath Ram, Managing Director, Cummins India, said, "Indian economy continues to be resilient despite global geopolitical uncertainties impacting the business sentiment globally. Indian economic outlook continues to be positive; tax collections are indicating the strength of underlying business activities. The latest Union budget emphasized the government’s continued focus on infrastructure development and continued higher budgetary allocation for infrastructure, special projects for end-to-end connectivity for ports, coal, steel, and fertilizer sectors. At the same time, internationally, geopolitical risks and conflicts continue to pose uncertainty about global trade and supply chain disruptions.

For the quarter ending June 30, 2024, CIL domestic revenue was driven by strong domestic demand from all segments especially from the industrial sector. Powergen revenue was expectedly softer considering the sunsetting of CPCB II norms on June 30, 2024. Exports revenue grew 13% over the prior quarter due to an improvement in demand from the end markets."

Result PDF

Industrial Machinery company Cummins India announced standalone Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Sales for the quarter at Rs 2,269 crore were higher by 20% compared to the same quarter last year and lower by 9% compared to the previous quarter.
  • Domestic sales at Rs 1,925 crore were higher by 38% compared to the same quarter last year and lower by 12% compared to the previous quarter.
  • Exports Sales at Rs 344 crore lower by 30% compared to the same quarter last year and higher by 6% compared to the previous quarter.
  • Profit before tax at Rs 701 crore is higher by 70% compared to the same quarter last year and higher by 16% compared to the previous quarter.
  • Profit after tax at Rs 562 crore is higher by 76% compared to the same quarter last year and higher by 23% compared to the previous quarter.

FY24 Financial Highlights:

  • Total Sales for the year at Rs 8,816 crore increased by 16% compared to the last year.
  • Domestic sales at Rs 7,143 crore increased by 28% compared to the last year.
  • Exports Sales at Rs 1,673 crore decreased by 18% compared to the last year.
  • Profit before tax at Rs 2,143 crore is higher by 44% compared to the last year.
  • Profit after tax at Rs 1,661 crore is higher by 47% compared to the last year.

Ashwath Ram, Managing Director, Cummins India Limited, said: Indian economy continues to remain resilient despite geopolitical events and other economic events impacting the growth of various countries. Key economic indicators like GDP growth rate of 7.6% and consistent PMI indicate optimism about continued growth. Robust tax collections are indicating underlying growth in economic activities. Indian Government’s continued focus on infrastructure and higher allocation in the interim budget is driving growth in end markets of interest for the company. At the same time, internationally, geopolitical risks and conflicts continue to pose uncertainty about global trade and supply chain disruptions.

The company recorded another year of record revenue and profit, driven by strong demand from the domestic market while export market demand was soft. The Company launched the CPCB IV range of products, which were very well received by customers. The company continues to have a strong balance sheet and liquidity and is well-positioned to support its operations and growth plans.

Result PDF

Industrial Machinery company Cummins India announced Q3FY24 results:

  • Total Sales for the quarter at Rs 2,502 crore were higher by 17% compared to the same quarter last year and higher by 34% compared to the previous quarter.
  • Domestic sales at Rs 2,177 crore were higher by 36% compared to the same quarter last year and higher by 60% compared to the previous quarter.
  • Export sales at Rs 325 crore were lower by 40% compared to the same quarter last year and lower by 36% compared to the previous quarter.
  • Profit before exceptional items and tax at Rs 603 crore is higher by 26% compared to the same quarter last year and higher by 42% compared to the previous quarter.
  • Profit before tax at Rs 602 crore is higher by 26% compared to the same quarter last year and higher by 41% compared to the previous quarter.
  • Profit after tax at Rs 455 crore is higher by 26% compared to the same quarter last year and higher by 38% compared to the previous quarter.

Ashwath Ram, Managing Director, Cummins India, said: "The world's major economies are dealing effectively to cool down inflationary trends and maintain growth rates. The continued geopolitical risks and resolution of conflicts will likely take longer, posing continued uncertainty about global trade. Recent conflicts impacting trade routes have caused increased freight costs and lead time for supplies. Amidst these uncertainties, the Indian economy is holding up well on the back of strong domestic demand and continued government spending, notably on infrastructure. The recent Interim budget proposing higher allocation for capital expenditure augurs well for the Indian economy.

The company recorded the highest quarterly revenue and profits based on robust domestic demand and is well-positioned to support domestic and export demand. The company has a strong liquidity and financial position to support its operations and growth plans".

Result PDF

Industrial Machinery company Cummins India announced Q2FY24 results:

  • Total Sales for Q2FY24 at Rs 1,871 crore were lower by 3% compared to Q2FY23 and lower by 14% compared to Q1FY24.
  • Domestic sales at Rs 1,364 crore lower by 2% compared to Q2FY23 and lower by 19% compared to Q1FY24.
  • Exports Sales at Rs 507 crore lower by 4% compared to Q2FY23 and higher by 2% compared to Q1FY24.
  • Profit before tax at Rs 426 crore is higher by 27% compared to Q2FY23 and higher by 3% compared to Q1FY24.
  • Profit after tax at Rs 329 crore is higher by 30% compared to Q2FY23 and higher by 4% compared to Q1FY24.

Ashwath Ram, Managing Director, Cummins India, said, "The Indian economy remains resilient to geopolitical events, softening demand in developing economies, and inflationary trends both in India and worldwide. GST collections continue to remain strong, indicating underlying trade activities. Index of Industrial Production (IIP), PMI, etc., are indicating a reasonably stable economic outlook. The impact of deficient and uneven monsoons on the economy, especially the rural economy, is yet to play out fully. With the stable fiscal and monetary policies, the Govt’s continued emphasis on infrastructure development, and PLI-led capex is keeping the Indian economy on course for growth in the range of 6.3 to 6.8% based on various estimates. Geopolitical events, especially further escalation of conflict in the Middle East, fluctuations in crude oil prices, rising US Bond yields, and their impact on capital flow are a few key watchouts. Cummins India continues to execute its profitable growth strategy and is well-positioned to meet the demands of its end markets."

 

Result PDF

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