Cummins India (500480) Q2 26/27 earnings summary

Executive summary

• Q2 FY2026-27 consolidated revenue from operations was ₹3,247.47 crore and PAT was ₹490.07 crore; prior-year Q2 PAT was ₹635.86 crore.

• The unaudited results for the quarter and half year ended September 30, 2026 were approved by the Board on November 4, 2026; auditors’ limited reviews found no matters indicating material misstatement.

Financial highlights

• Consolidated H1 revenue from operations was ₹6,622.40 crore vs ₹5,980.29 crore; PAT was ₹1,099.35 crore vs ₹1,240.66 crore YoY.

• Standalone Q2 revenue from operations was ₹3,247.47 crore vs ₹3,121.58 crore; PAT was ₹466.89 crore vs ₹637.69 crore YoY.

• Consolidated Q2 PBT before exceptional items was ₹586.57 crore vs ₹765.83 crore YoY; PBT after share of JV and associate profit was ₹641.23 crore.

Segment performance

• Engine segment Q2 sales were ₹3,247.47 crore and PBT was ₹621.36 crore; Lubes sales were ₹1,014.56 crore and PBT was ₹53.66 crore before eliminations.

• Lubes segment figures represent the full results of Valvoline Cummins Private Limited, a 50%-owned joint venture, rather than the proportionate share included in consolidated results.