Key takeaway: Cummins India Limited reported an 18% increase in sales for FY 2025-26, reaching INR 11,950 crores, with domestic sales up 19% and exports up 12%. Profit before tax before exceptional items rose by 24% to INR 3,104 crores. For Q4 FY26, sales increased by 23% year-over-year to INR 2,963 crores, with domestic sales up 30%. Management noted robust domestic demand across segments, particularly in power generation and industrial sectors, while remaining cautious about geopolitical impacts on exports. The company highlighted a significant contribution from the data center business, accounting for 30-35% of power generation revenue. Management set a goal for moderate growth across segments in FY 2026-27, citing supply constraints and inflation as potential challenges. The earnings call concluded with management emphasizing the importance of maintaining supply chain resilience and leveraging technological strengths.

Key takeaway: Cummins India Limited reported its audited financial results for the quarter and year ended March 31, 2026. For the year, total sales reached ₹11,950 Cr, an 18% increase year-over-year, with domestic sales at ₹9,961 Cr (up 19%) and export sales at ₹1,989 Cr (up 12%). Profit before tax was ₹3,104 Cr, reflecting a 24% increase, while profit after tax rose by 22% to ₹2,330 Cr. For the quarter, total sales were ₹2,963 Cr, a 23% increase year-over-year, with domestic sales at ₹2,513 Cr (up 30%) and export sales at ₹450 Cr (down 6%). Profit before tax for the quarter was ₹820 Cr, a 20% increase, and profit after tax was ₹650 Cr. Managing Director Shveta Arya highlighted the company's record revenue and profitability, emphasizing the importance of operational efficiencies and cost discipline. The company noted steady domestic demand but acknowledged near-term pressures in the export environment.