Cummins India FY26 sales rise 18% to ₹11,950 crore

Cummins India reported an 18% increase in sales to ₹11,950 crore for the financial year ended March 31, 2026, compared to ₹10,166 crore in the previous year. Domestic sales grew 19% to ₹9,961 crore, while exports increased 12% to ₹1,989 crore. Profit before tax after exceptional items rose 22% to ₹3,054 crore. The company expects moderate growth across segments in FY27, citing stable domestic demand but caution regarding geopolitical developments and commodity inflation.

Financial Performance

For the quarter ended March 31, 2026, sales increased 23% to ₹2,963 crore from ₹2,414 crore in the same quarter last year. Domestic sales for the quarter rose 30% to ₹2,513 crore, whereas exports declined 6% to ₹450 crore. Profit before tax after exceptional items for Q4FY26 grew 25% to ₹852 crore.

Metric	FY26	FY25	Q4FY26	Q4FY25
Sales (₹ crore)	11,950	10,166	2,963	2,414
Domestic Sales (₹ crore)	9,961	8,374	2,513	1,933
Exports (₹ crore)	1,989	1,777	450	479
PBT after exceptional items (₹ crore)	3,054	2,503	852	682

Segment Performance

Power Generation domestic sales for FY26 reached ₹4,758 crore, a 24% increase, while Distribution business sales grew 22% to ₹3,278 crore. Industrial domestic business sales marginally decreased by 1% to ₹1,650 crore. In exports, high horsepower sales rose 20% to ₹984 crore, and low horsepower sales increased 3% to ₹807 crore.

Operational Outlook

The data center business contributed between 30% and 35% of overall power generation domestic revenue for the full year, and approximately 35% for the quarter. Management noted robust demand from the domestic market but highlighted supply constraints, labor shortages, and commodity pricing as areas of caution. The company’s overall capacity utilization is around 70%, and it continues to invest in modernization and line expansion.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.06%	-1.26%	-3.71%	+29.00%	+66.59%	+529.57%

Cummins India Limited reported a 22% increase in standalone net profit for FY26, reaching ₹2,330.18 crore, compared to the previous year. The company’s revenue from operations for the financial year rose 18% to ₹11,949.73 crore. The Board of Directors has recommended a final dividend of ₹46 per share for the financial year 2025-26, in addition to an interim dividend of ₹20 per share already declared.

Financial Performance Highlights

For the quarter ended March 31, 2026 (Q4FY26), standalone revenue from operations increased to ₹2,963.20 crore from ₹2,414.36 crore in the corresponding period of the previous year. Profit after tax for the quarter stood at ₹650.12 crore, up from ₹521.37 crore in Q4FY25. Total income for the full year FY26 was ₹12,863.69 crore, compared to ₹10,965.53 crore in FY25.

Metric (Standalone)	Q4FY26 (₹ Crore)	Q4FY25 (₹ Crore)	FY26 (₹ Crore)	FY25 (₹ Crore)
Revenue from operations	2,963.20	2,414.36	11,949.73	10,166.21
Total income	3,242.70	2,668.80	12,863.69	10,965.53
Profit before tax	852.49	680.69	3,054.39	2,496.14
Profit after tax	650.12	521.37	2,330.18	1,905.78
Earnings per share (₹)	23.45	18.81	84.06	68.75

Dividend and Corporate Actions

The Board recommended a final dividend of ₹46 per equity share, or 2,300%, on 27,72,00,000 fully paid-up shares of ₹2 each. The record date for determining eligibility is fixed as Friday, July 17, 2026. The payout is scheduled for on or before September 04, 2026, subject to shareholder approval at the Annual General Meeting (AGM).

Auditor and Board Appointments

M/s. Price Waterhouse & Co Chartered Accountants LLP, the Statutory Auditors, issued an audit report with an unmodified opinion. The Board approved the re-appointment of the firm as Statutory Auditors for a second term of five years, subject to shareholder approval. M/s. Joshi Apte & Associates were appointed as Cost Auditors for FY26-27. The 65th AGM is scheduled for Thursday, August 06, 2026, via video conferencing.