Cummins India Reports ₹3,247 Crore Sales and ₹467 Crore Profit for Q2 FY 2026-27 Amid Margin Pressure
Profit before tax drops 28.4% year-over-year as commodity and freight inflation impact margins despite healthy sales growth
Cummins India Limited announced standalone unaudited financial results for Q2 FY 2026-27, reporting total sales of ₹3,247 crore and a profit after tax of ₹467 crore. Despite 4% year-over-year sales growth, profit margins declined due to commodity and freight inflation. Export sales grew 2% year-over-year and 6% sequentially, while domestic sales increased 5% year-over-year. The company expects steady demand ahead with ongoing focus on cost management and pricing discipline.
Cummins India Limited
General / Other
Cummins India Limited announced standalone unaudited financial results for the quarter ended September 30, 2026, with total sales of ₹3,247 crore and profit after tax of ₹467 crore, reflecting year-over-year sales growth but lower profitability due to margin pressures.
The company’s total sales rose 4% compared to the same quarter last year but declined 4% sequentially from the previous quarter. Domestic sales increased by 5% year-over-year to ₹2,692 crore but fell 6% sequentially. Export sales grew by 2% year-over-year and 6% from the prior quarter, reaching ₹555 crore.
Profit before tax for the quarter stood at ₹601 crore with a margin of 18.5%, down 28.4% compared to the prior year quarter and 16.6% quarter-on-quarter. The net profit margin was 14.4%.
Management noted that commodity and freight inflation, along with product mix, contributed to margin compression, while pricing actions are expected to progressively benefit results.
Looking forward, demand in key domestic and export markets is expected to remain steady amid ongoing geopolitical uncertainty, inflation, commodity price volatility, and supply chain challenges. The company continues its focus on disciplined execution, pricing, cost management, and operational efficiency.
Cummins India maintains a healthy balance sheet and cash conversion cycle, leveraging its manufacturing capabilities, product portfolio, and extensive distribution network to deliver value to customers and shareholders.
Highlights
- Total sales for Q2 FY 2026-27 at ₹3,247 crore, up 4% year-over-year, down 4% sequentially.
- Domestic sales at ₹2,692 crore, up 5% year-over-year, down 6% sequentially.
- Export sales at ₹555 crore, up 2% year-over-year and 6% sequentially.
- Profit before tax at ₹601 crore with 18.5% margin, down 28.4% year-over-year and 16.6% sequentially.
- Profit after tax of ₹467 crore with a 14.4% net profit margin.
- Commodity and freight inflation impacted profit margins during the quarter.
Key Data Snapshot
What happened
- Cummins India reported standalone unaudited financial results for the quarter ended September 30, 2026.
- Total sales reached ₹3,247 crore, showing 4% growth compared to the same quarter last year but a 4% decline from the previous quarter.
- Profit before tax fell by 28.4% year-over-year to ₹601 crore, with margins impacted by inflation and product mix.
Key details
- Domestic sales totaled ₹2,692 crore, a 5% increase year-over-year but 6% lower than the prior quarter.
- Export sales rose 2% year-over-year to ₹555 crore and were 6% higher sequentially.
- Profit after tax stood at ₹467 crore, with a net margin of 14.4%.
- Commodity and freight inflation affected margins during the quarter.
Business impact
- Demand across key domestic markets remained healthy, supported by sectors like data centers, manufacturing, and real estate.
- Exports continued to grow over the previous quarter.
- The company is focused on disciplined order execution, price realization, and cost management.
Next milestones
- The company expects steady demand ahead despite geopolitical and inflationary challenges.
- Management will continue focusing on pricing discipline, cost control, and operational efficiency.
- Ongoing monitoring of external environment conditions is planned to ensure business responsiveness.
Highlights
- Total sales for Q2 FY 2026-27 at ₹3,247 crore, up 4% year-over-year, down 4% sequentially.
- Domestic sales at ₹2,692 crore, up 5% year-over-year, down 6% sequentially.
- Export sales at ₹555 crore, up 2% year-over-year and 6% sequentially.
- Profit before tax at ₹601 crore with 18.5% margin, down 28.4% year-over-year and 16.6% sequentially.
- Profit after tax of ₹467 crore with a 14.4% net profit margin.
- Commodity and freight inflation impacted profit margins during the quarter.
Disclosures
- Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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