Cummins India (500480) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 sales reached INR 2,859 crores, up 26% year-over-year and 18% sequentially, with domestic sales up 25% and exports up 34% year-over-year.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

• Profit before tax after exceptional items was INR 770 crores, up 40% year-over-year and 13% sequentially.

• Management remains cautiously optimistic, expecting double-digit growth for FY 2026, supported by stable domestic demand and infrastructure spending.

• Appointment of Mr. Thierry Bruno Pimi Nouyeuwe and Ms. Vibha Paul Rishi as Additional Directors effective August 9, 2025, with member approval sought via postal ballot.

Financial highlights

• Consolidated revenue from operations for Q1 FY26 was ₹2,858.71 crore, up from ₹2,273.87 crore year-over-year.

• Consolidated profit after tax for the quarter was ₹603.90 crore, compared to ₹462.61 crore in Q1 FY25.

• Standalone revenue from operations for Q1 FY26 was ₹2,858.71 crore, up from ₹2,262.03 crore year-over-year.

• Standalone profit after tax for the quarter was ₹589.27 crore, compared to ₹419.80 crore in Q1 FY25.

• Basic and diluted EPS (consolidated) for the quarter was ₹21.79, up from ₹16.69 year-over-year.

Outlook and guidance

• Double-digit growth expected for FY 2026, with continued domestic demand and cautious export outlook due to geopolitical uncertainties.

• Board and audit committee reviewed and approved the financial results, indicating continued focus on compliance and governance.