CUMMINSIND Cummins India Q3 FY26 results (Oct–Dec 2025) and concall
Cummins India reported a mixed Q3 FY26, with sales marginally down but PBT before exceptional items showing growth. Gross margins reached historic highs, while the distribution business delivered strong performance. However, Power Gen and Industrial segments faced headwinds, and a one-time expense impacted reported PBT. Management remains optimistic about domestic growth and the data center pipeline.
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What they filed
Q3 FY26: revenue down 1.3%, net profit down 12.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 2,509 | 3,096 | 2,470 | 2,907 | 3,170 +26% | 3,055 −1% |
| EBITDA | 484 | 598 | 525 | 624 | 695 +44% | 634 +6% |
| Net profit | 449 | 558 | 530 | 604 | 622 +39% | 486 −13% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
