Cummins India (CUMMINSIND) — Financial Results

Cummins India reported 18% YoY revenue growth to INR11,950 crores and 22% YoY PAT growth to INR3,054 crores for FY25-26, with Q4 PAT up 25% to INR852 crores. Domestic sales rose 19% and exports 12%, driven by 24% growth in power generation and 22% in distribution. PowerGen contributes 30-35% of revenue, with data center demand growing moderately. Management highlighted localization efforts, capacity utilization at 70%, and no major new capex beyond ongoing modernization. High horsepower segment margins may improve due to limited competition, while export trends and geopolitical factors prompt a cautious outlook.

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About Cummins India Limited (CUMMINSIND)

Capital Goods · Industrial Products · Listed on NSE

Market Cap: ₹1,49,466.24 Cr P/E: 74.4

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