News
Cummins India
06-Aug-2026 | 12:59
Sales up 18%, but OP down 1% as OPM fall by 350 bps
Consolidated net sales (including other operating income) of Cummins India for the quarter ended Jun 2026 has increased 17.86% to Rs 3426.01 crore.
Operating profit margin has declined from 21.45% to 17.98%, leading to 1.18% decline in operating profit to Rs 616.16 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 57.94% to 60.60%. Purchase of finished goods cost fell from 6.99% to 6.22%. Employee cost increased from 6.50% to 6.74%. Other expenses rose from 8.23% to 8.61%.
Other income rose 2.58% to Rs 137.34 crore. PBIDT fell 0.51% to Rs 753.5 crore. Provision for interest rose 47.17% to Rs 3.9 crore.
PBDT fell 0.68% to Rs 749.6 crore. Provision for depreciation rose 9.72% to Rs 52.59 crore.
Profit before tax down 1.39% to Rs 697.01 crore. Share of profit/loss was 37.61% higher at Rs 89.83 crore. Provision for tax was expense of Rs 177.54 crore, compared to Rs 180.77 crore. Effective tax rate was 22.56% compared to 23.04%.
Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 0.89% to Rs 609.30 crore.Sales of Engine Business segment has gone up 18.06% to Rs 3,374.93 crore (accounting for 77.08% of total sales). Sales of Lubes segment has gone up 56.01% to Rs 1,003.37 crore (accounting for 22.92% of total sales). Inter-segment sales rose Rs 643.16 crore to Rs 1,003.37 crore.
Commenting on results, Shveta Arya, Managing Director, Cummins India Limited, said: ?The new fiscal year began on a steady note, supported by robust domestic demand across key end markets and our order execution contributing to revenue growth. Exports continue to be resilient in major regions that we supply despite the geopolitical developments. These headwinds led to higher commodity costs and inflationary trends impacting margins. We are closely tracking these developments and remain focused on operational efficiencies and cost discipline while continuing with our promise of dependability and reliability as we serve our customers.? Profit before interest, tax and other unallocable items (PBIT) has jumped 3.66% to Rs 863.86 crore. PBIT of Engine Business segment fell 1.95% to Rs 741.08 crore (accounting for 85.79% of total PBIT). PBIT of Lubes segment rose 58.24% to Rs 122.78 crore (accounting for 14.21% of total PBIT).
PBIT margin of Engine Business segment fell from 26.44% to 21.96%. PBIT margin of Lubes segment rose from 12.06% to 12.24%. Overall PBIT margin fell from 23.80% to 19.73%.
Promoters? stake was 51.00% as of 30 June 2026 ,compared to 51.00% as of 30 June 2025 .
Management Comments :
Future Outlook: Looking ahead, the company expects business momentum to remain steady across its key markets. Inflationary pressures and supply chain constraints are likely to continue influencing the industry environment. Against this backdrop, the Company will continue to prioritize disciplined execution, cost management, and operational efficiencies. Backed by a healthy balance sheet and strong liquidity position, the Company continues to adopt a measured approach to execution, capital deployment, and cost control. It remains committed to creating long-term value for its customers and shareholders by leveraging its proven technologies, experienced talent base, established brand presence, market-relevant portfolio, manufacturing depth, and wide distribution and service reach.
| Cummins India : Consolidated Results | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cummins India : Consolidated Segment Results | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Powered by Capital Market - Live News