Financial Independence Services | SEBI RA INH000021058
Cummins India Q4 FY26 βοΈπ
Results vs Estimates
β’ π° Net Profit: βΉ650 Cr vs Est. βΉ545 Cr β Beat β
β’ π Revenue: βΉ3,011 Cr vs Est. βΉ2,824 Cr β Beat β
β’ βοΈ EBITDA: βΉ641 Cr vs Est. βΉ578 Cr β Beat β
β’ π EBITDA Margin: 21.3% vs Est. 20.5% β Beat β
β’ π Dividend: βΉ46/share
Q4 FY26 Performance π
β’ π Total Sales: βΉ2,963 Cr β 23% YoY, β 1% QoQ
β’ π Domestic Sales: βΉ2,513 Cr β 30% YoY, β 1% QoQ
β’ π Export Sales: βΉ450 Cr β 6% YoY, β 5% QoQ
β’ πΌ PBT: βΉ820 Cr β 20% YoY, β 14% QoQ
β’ π° PAT: βΉ650 Cr
FY26 Highlights π
β’ π Total Sales: βΉ11,950 Cr β 18% YoY
β’ π Domestic Sales: βΉ9,961 Cr β 19% YoY
β’ π Export Sales: βΉ1,989 Cr β 12% YoY
β’ πΌ PBT: βΉ3,104 Cr β 24% YoY
β’ π° PAT: βΉ2,330 Cr β 22% YoY
Management Commentary π
β’ π Management highlighted record FY26 revenue & profitability
β’ ποΈ Domestic demand expected to remain steady backed by capex activity
β’ π Export environment may face near-term pressure due to geopolitical uncertainties
β’ βοΈ Focus remains on operational efficiency, disciplined execution & prudent capital allocation
β’ π’οΈ Company continues monitoring rising crude & commodity prices closely
π’ Key Takeaway: Cummins India delivered a strong all-round Q4 with a clean beat across profitability, revenue and margins. Robust domestic demand and record FY26 performance reinforce business momentum despite export-side uncertainties.
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