Cummins India Q2 FY27 results: what the company reported
Cummins India Limited, a Pune-based maker of engines and power generation products, filed its unaudited results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE late on 4 November 2026, after a board meeting held the same evening.
Published 6 November 2026 · Potoos Research Services
In short. For July to September 2026, Cummins India reported consolidated sales of Rs 3,247.47 crore, up +4.0% from Rs 3,121.58 crore a year earlier. Consolidated profit after tax was Rs 507.17 crore, down -18.5% from Rs 622.33 crore. On its own (standalone), the company’s profit after tax was Rs 466.89 crore, down -26.8% from Rs 637.69 crore.
The numbers
The first two tables are consolidated, from the company’s statement of consolidated results. Cummins India reports in Rs crore, so the figures are copied as filed. The change column is worked out by us from the filing’s own numbers. The filing shows revenue from operations as two lines, sales and other operating income, without a subtotal; the subtotal row is our addition of those two lines.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Sales / income from operations | 3,247.47 | 3,121.58 | +4.0% |
| Other operating income | 53.74 | 48.69 | +10.4% |
| Revenue from operations (the two lines above, added by us) | 3,301.21 | 3,170.27 | +4.1% |
| Total income (revenue and other income) | 3,438.44 | 3,293.04 | +4.4% |
| Profit before exceptional items and tax | 586.57 | 765.83 | -23.4% |
| Share of profit of joint venture and associate | 54.66 | 58.20 | -6.1% |
| Profit after tax | 507.17 | 622.33 | -18.5% |
| EPS, basic and diluted (Rs) | 18.30 | 22.45 | -18.5% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations (sales plus other operating income, added by us) | 6,727.22 | 6,077.09 | +10.7% |
| Total income | 7,001.79 | 6,333.74 | +10.5% |
| Profit after tax | 1,116.47 | 1,226.23 | -9.0% |
| EPS, basic and diluted (Rs) | 40.28 | 44.24 | -9.0% |
There were no exceptional items in July to September 2026 or July to September 2025. The April to September 2025 half year included an exceptional gain of Rs 12.59 crore on the sale of a subsidiary, Cummins Sales & Service Private Limited, so the half-year profit comparison includes that one-off gain in the earlier period. Consolidated figures include Cummins India’s share of profit of its associate, Cummins Generator Technologies India Private Limited (48.74%), and its joint venture, Valvoline Cummins Private Limited (50%). The statement has no line for outside shareholders, so the whole profit belongs to Cummins India’s shareholders. EPS is not annualised.
Against the previous quarter (April to June 2026), consolidated sales were lower: Rs 3,247.47 crore against Rs 3,374.93 crore, a change of -3.8%. Consolidated profit after tax was Rs 507.17 crore against Rs 609.30 crore, a change of -16.8%.
Cummins India Limited on its own (standalone)
Cummins India also filed standalone results, for the company alone. Sales are the same as in the consolidated statement; the difference is in other income and in the share of the associate and joint venture, which only the consolidated figures include. Also in Rs crore, as filed:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Sales / income from operations | 3,247.47 | 3,121.58 | +4.0% |
| Total income | 3,452.69 | 3,366.64 | +2.6% |
| Profit before tax | 600.82 | 839.43 | -28.4% |
| Profit after tax | 466.89 | 637.69 | -26.8% |
| EPS, basic and diluted (Rs) | 16.84 | 23.00 | -26.8% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Total income | 7,039.79 | 6,426.34 | +9.5% |
| Profit after tax | 1,009.90 | 1,226.96 | -17.7% |
| EPS, basic and diluted (Rs) | 36.43 | 44.26 | -17.7% |
The April to September 2025 standalone figures included an exceptional gain of Rs 44.15 crore on the same subsidiary sale. Standalone other income for the quarter was Rs 151.48 crore against Rs 196.37 crore a year earlier.
What the company said
These are the company’s own words, from the press release it filed with NSE on 4 November 2026. The press release figures are standalone.
“Demand remained healthy across key domestic markets, supported by data centers, manufacturing, realty and continued growth in the distribution business. Exports also recorded growth over the previous quarter. Commodity and freight inflation, coupled with product mix, impacted margins.”
Adegbile Adewunmi, Managing Director, Cummins India Limited, press release, 4 November 2026
The press release also says:
- Domestic sales were Rs 2,692 crore, 5% higher than a year earlier, and export sales were Rs 555 crore, 2% higher.
- Profit before tax was Rs 601 crore, 28.4% lower than a year earlier. The company put its profit-before-tax margin for the quarter at 18.5%.
What the auditors said
The figures are unaudited. The statutory auditors, Price Waterhouse & Co Chartered Accountants LLP, carried out a limited review of the standalone and consolidated results, which is lighter than a full audit. Their review reports, dated 4 November 2026, say nothing came to their attention that would make them believe the results are misstated, and they contain no emphasis of matter.
Dates
- Board meeting: Wednesday 4 November 2026, from 19:55 to 21:00 IST. The board approved the results after the Audit Committee reviewed them.
- Filed with NSE: 4 November 2026 at 22:38 IST. The press release followed at 23:26 IST.
- Dividend: none declared in this filing.
Consolidated and standalone: here the consolidated figures add Cummins India’s share of profit of one associate and one joint venture to its own results. Standalone figures cover Cummins India Limited alone.
Other operating income: income from the company’s normal business that is not sales of products, shown as a separate line inside revenue from operations.
Exceptional item: a large one-off gain or cost that the company shows separately so it does not mix with normal business.
Rs crore: one crore is ten million rupees. Cummins India reports in Rs crore, so no conversion was needed.
Q2 FY27: the second quarter of the financial year that runs from April 2026 to March 2027.
Sources
- Cummins India Limited, outcome of board meeting with unaudited standalone and consolidated results and limited review reports, 4 November 2026. nsearchives.nseindia.com
- Cummins India Limited, press release on results for the quarter ended 30 September 2026, 4 November 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company’s filing or, where the page says so, from its press release. Every percentage change in the tables, and any subtotal marked as ours, is worked out by us from the filing’s own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What were Cummins India’s sales in Q2 FY27?
Sales for July to September 2026 were Rs 3,247.47 crore, against Rs 3,121.58 crore in July to September 2025, a change of +4.0%. Adding other operating income, revenue from operations was Rs 3,301.21 crore against Rs 3,170.27 crore (+4.1%).
Did Cummins India’s profit go up or down in Q2 FY27?
Down. Consolidated profit after tax was Rs 507.17 crore, against Rs 622.33 crore a year earlier, a change of -18.5%. Standalone profit after tax was Rs 466.89 crore, against Rs 637.69 crore (-26.8%). Neither quarter had exceptional items.
Why is consolidated profit higher than standalone profit this quarter?
The consolidated figures include Cummins India’s share of profit of its associate and joint venture, Rs 54.66 crore in the quarter. The standalone figures do not.
Did Cummins India declare a dividend with these results?
No dividend was declared in the 4 November 2026 results filing.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.