About Cummins India Ltd.
Cummins India Ltd (NSE: CUMMINSIND, BSE: 500480) is one of India’s leading engineering companies, primarily engaged in the design, manufacture, distribution and support of diesel and natural gas engines along with power generation systems. It was established in 1962 and is the largest entity of the Cummins Group in India, operating as a major manufacturer of engines and related power products.
Cummins India’s offerings include engines for on-highway and off-highway commercial applications, high-horsepower engines for sectors such as marine, railways and defense, and integrated power systems like generator sets. The company’s business structure spans multiple units, including engine manufacturing, power systems and distribution, with an extensive network of dealerships and service touchpoints across India, Nepal and Bhutan. It is a 51% subsidiary of Cummins Inc., USA, and serves a wide range of industrial and commercial customers with products and after-sales support.
Q3 2026 Performance Highlights
Total sales for the quarter were ₹3,006 crores, broadly stable year-on-year with a marginal decline of 1% and lower by 4 % quarter-on-quarter. Domestic sales at ₹ 2,535 crores marginally softened by 2% compared to the same quarter last year and trending lower by 2% over the previous quarter.
Export sales at ₹471 crores are higher by 2% compared to the same quarter last year and lower by 14% compared to the previous quarter. Profit before tax (before exceptional items) increased 7% year-on-year to ₹719 crores, while moderating by 14% sequentially. Profit after tax was ₹453 crores and net profit margin stood at 15%.
Management Comment
Shveta Arya, Managing Director, highlighted that the company continues to execute its profitable growth strategy, supported by operational efficiencies and stable macro-economic indicators.
Future Outlook
The company stated that domestic demand remains resilient, supported by sustained capital expenditure across key sectors, while exports are facing near-term pressures due to ongoing geopolitical uncertainties, with expectations of greater stability over the medium to long term. Management indicated that it is closely monitoring policy developments and believes that continued collaboration with trade partners will be a key driver of growth across end markets.
The company further said that, in this environment, it is executing its strategy with discipline, focusing on prudent capital allocation, strong cost controls, and maintaining a healthy balance sheet and cash position. It added that customer satisfaction and shareholder value creation remain central priorities, and that its technology, talent, strong brand, diversified product portfolio, robust manufacturing base, and extensive distribution and service network position it well to serve customers efficiently.