Cummins India Limited, a leading power solutions provider, has reported robust financial results for the first quarter ended June 30, while also setting an ambitious growth target for the future.

Q1 Financial Highlights

The company's unaudited consolidated financial results for Q1 show significant year-over-year growth:

Management's Growth Outlook

During a recent management call, Cummins India confirmed its goal of achieving double-digit growth for FY2026. This target underscores the company's confidence in its market position and growth strategies.

Q1 Performance Analysis

Shveta Arya, Managing Director of Cummins India Limited, commented on the results: "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."

Market Outlook

The company remains cautiously optimistic about maintaining momentum across both domestic and international markets. Arya noted, "While 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."

Strategic Positioning

Cummins India is well-positioned to serve its customers with:

• Access to the latest technology
• A trusted brand
• Wide range of products
• Advanced manufacturing capabilities
• Extensive distribution and service network

Board Changes

The company also announced two new appointments to its Board of Directors:

1. Mr. Thierry Bruno Pimi Nouyeuwe as Additional Director (Non-Executive and Non-Independent), effective August 09.
2. Ms. Vibha Paul Rishi as Additional Director (Non-Executive and Independent) for a five-year term, from August 09 to August 08, 2030.

These appointments are subject to shareholder approval through a postal ballot.

Cummins India Limited continues to focus on customer centricity, talent development, and shareholder value creation as it pursues its growth objectives in the dynamic power solutions market.

Cummins India Limited (CIL) shares climbed 2.7% to Rs 3,778.80 following the company's announcement of robust financial results for the first quarter. The power solutions provider reported a significant 40% year-on-year increase in standalone profit after tax, reaching Rs 589.00 crore for the quarter ended June 30.

Strong Revenue Growth

The company's total sales for Q1 rose impressively by 26% year-on-year to Rs 2,859.00 crore. This growth was driven by strong performance in both domestic and export markets:

• Domestic sales grew by 25% to Rs 2,336.00 crore
• Export sales increased by 34% to Rs 523.00 crore

Profit Surge

Cummins India's profit before tax reached Rs 726.00 crore, marking a 32% year-on-year increase. This substantial growth in profitability underscores the company's operational efficiency and strong market position.

Management Commentary

Shveta Arya, Managing Director of Cummins India Limited, expressed optimism about the company's performance and future prospects. She noted, "We continue to see opportunities in India's stable economy, supported by government infrastructure initiatives and recent interest rate reductions."

Segment Performance

The company operates in two segments: 'Engines' and 'Lubes'. The Engines segment, which includes Cummins India Limited and other group companies, showed strong performance:

• Sales in the Engines segment reached Rs 2,858.71 crore
• Profit before tax for the Engines segment was Rs 755.80 crore

Financial Highlights

Outlook

Cummins India Limited remains cautiously optimistic about maintaining momentum across both domestic and international markets. The company continues to focus on operational efficiencies, cost management, and customer-centricity. With its strong brand, wide product range, advanced manufacturing capabilities, and extensive distribution network, Cummins India is well-positioned to capitalize on opportunities in the power solutions market.

As India's economy remains stable, supported by government infrastructure initiatives and a favorable interest rate environment, Cummins India Limited appears poised for continued growth in the coming quarters.