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For the full year,net profit rose 18.09% to Rs 2361.75 crore in the year ended March 2026 as against Rs 1999.94 crore during the previous year ended March 2025. Sales rose 16.93% to Rs 11949.73 crore in the year ended March 2026 as against Rs 10219.24 crore during the previous year ended March 2025.
Domestic sales stood at Rs 2,513 crore, higher by 30% compared with the same quarter last year and moderated by 1% over the previous quarter. Export sales came in at Rs 450 crore, down 6% year-on-year and 5% sequentially.
Total expenses jumped 21.85% YoY to Rs 2,422.55 crore during the quarter. The cost of materials consumed stood at Rs 1,707.48 crore (up 19.16% YoY), while employee benefit expenses came in at Rs 196.35 crore (up 17.72% YoY).
Profit before exceptional items and tax stood at Rs 820.15 crore in Q4 FY26, compared with Rs 680.69 crore in Q4 FY25. The company reported an exceptional loss of Rs 32.34 crore during the quarter due to the impact of labour codes.
On a full-year basis, the company’s standalone net profit jumped 22.27% to Rs 2,330.18 crore on a 17.31% increase in total income to Rs 12,863.69 crore in FY26 over FY25.
Shveta Arya, managing director, Cummins India, said, “I am pleased to announce that Cummins India Limited has concluded FY26 with record revenue and profitability. Our ability to leverage a globally integrated supply chain and agile operating framework has enabled us to effectively meet strong customer demand in both the domestic and export markets. We continue steadfast execution of our profitable growth strategy by leveraging scale, enhancing operational efficiencies and maintaining cost discipline.
India’s macroeconomic environment continues to demonstrate resilience, supported by government initiatives and consistent economic activity. Rising crude oil and commodity prices, along with persistent global geopolitical uncertainties, remain closely monitored challenges.”
On its outlook, the company stated, 'Domestic demand remains steady, supported by continued investments and capital expenditures across key sectors. While the export environment faces some near-term pressures, the company is hopeful about improved stability and growth in the medium to long term. Geopolitical developments are closely monitored, and stronger collaboration with trade partners is expected to maintain supply chain resilience.
The company is focused on disciplined execution, prudent capital allocation, and effective cost management, underpinned by a strong balance sheet and healthy cash position. Delivering value to customers and shareholders remains central, enabled by trusted technology, skilled talent, a strong brand, fit-for-market offerings, advanced manufacturing, and an extensive distribution and service network.”
Meanwhile, the company’s board recommended a final dividend of Rs 46 per equity share of face value Rs 2 each (2,300%) for FY26, in addition to the interim dividend of Rs 20 per equity share declared on 4 February 2026. The final dividend, if approved by shareholders at the ensuing Annual General Meeting (AGM), will be paid on or before 4 September 2026. The company has fixed Friday, 17 July 2026, as the record date for determining shareholders eligible to receive the final dividend.
Cummins India is one of the leading manufacturers of diesel and natural gas engines in India. As one of the seven legal entities under the Cummins Group in the country, the company operates through three core business units: Engine, Power Systems and Distribution.
Shares of Cummins India surged 11.09% to close at Rs 6,022.85 on the BSE.
Domestic sales stood at Rs 2,535 crore, marginally softening by 2% compared with the same quarter last year and declining 2% sequentially. Export sales came in at Rs 471 crore, up 2% year-on-year but down 14% compared with the previous quarter.
Total expenses declined 2.41% YoY to Rs 2,475.59 crore during the quarter. Cost of materials consumed stood at Rs 1,676.17 crore (up 2.37% YoY), while employee expenses came in at Rs 200.30 crore (down 14.12% YoY).
Profit before exceptional items and tax rose 7.29% year-on-year to Rs 719.06 crore in Q3 FY26, compared with Rs 670.16 crore in the same quarter last year.
On a nine-month basis, the company reported a 21.35% increase in consolidated net profit to Rs 1,680.06 crore in 9M FY26, compared with Rs 1,384.41 crore in 9M FY25. Revenue from operations jumped 15.92% YoY to Rs 8,986.53 crore during the period.
Shveta Arya, managing director, Cummins India, said, “I am pleased to share that Cummins India 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 macroeconomic 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.”
On its outlook, the company stated, 'Domestic demand continues to demonstrate resilience, supported by sustained capital expenditure across key sectors. While exports face near-term pressures amid ongoing geopolitical uncertainties, we expect greater stability over the medium to long term. We remain watchful of policy developments and see continued collaboration with trade partners as a key enabler of growth across our end markets.
Against this backdrop, we are executing with discipline maintaining prudent capital allocation, strong cost controls, and a healthy balance sheet and cash position. Customer satisfaction and shareholder value creation continue to be our primary focus. Backed by reliable technology, talent capabilities, a dependable brand, diverse products, strong manufacturing capabilities, and a wide distribution and service network, the Company is well-positioned to serve customers efficiently.”
Meanwhile, the company’s board has approved and declared an interim dividend of Rs 20 per equity share for FY26 on 27.72 crore equity shares. The board has fixed Wednesday, 11 February 2026, as the record date for determining shareholder eligibility for the interim dividend. The dividend will be paid on or around Monday, 2 March 2026.
The counter rose 0.36% to Rs 4,215.80 on the BSE.