)
Cummins India (500480) investor relations material
Cummins India Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY 2025-26 sales were INR 3,006 crore, marginally down 1% year-over-year and 4% sequentially.
Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.
Interim dividend of Rs. 20 per equity share declared for FY 2025-26, with record date set for February 11, 2026.
Management expects double-digit revenue growth for FY 2026 and targets similar growth for FY 2027 domestically.
Financial highlights
Consolidated revenue from operations for the quarter ended December 31, 2025: Rs. 3,006.24 crore; nine months: Rs. 8,986.53 crore.
Domestic sales declined 2% YoY to INR 2,535 crore; exports rose 2% YoY to INR 471 crore.
Consolidated profit after tax for the quarter: Rs. 486.06 crore; nine months: Rs. 1,712.29 crore.
Distribution business sales rose 26% YoY and 18% sequentially to INR 939 crore.
Gross margin reached a 20-quarter high of nearly 38%, driven by product mix, cost improvements, and one-time supplier benefits.
Outlook and guidance
Double-digit revenue growth expected for FY 2026, supported by demand across key segments.
FY 2027 domestic growth also targeted at double digits, with positive outlook on infrastructure and manufacturing.
Export outlook remains uncertain due to geopolitical and tariff-related factors.
Board continues to monitor regulatory updates and will recognize additional impacts from new labor codes in subsequent periods.
- Q1 FY25 saw record margins, strong growth, and a major leadership transition.500480
Q1 24/252 Feb 2026 - Strong sales and profit growth, new director appointed, and audit review found no issues.500480
Q2 24/2515 Jan 2026 - Quarterly profit and sales rose year-over-year; ₹18 interim dividend declared.500480
Q3 24/258 Jan 2026 - Q1 FY26 saw 26% sales growth, 40% profit rise, new directors, and a one-time gain.500480
Q1 25/2623 Nov 2025 - Strong revenue and profit growth for FY 2024-25; double-digit growth guided for FY 2026.500480
Q4 24/2518 Nov 2025 - Strong Q2 growth led by Power Gen and data centers; outlook positive but competition rising.500480
Q2 25/267 Nov 2025
Next Cummins India earnings date
Next Cummins India earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)