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Cummins India Limited Q2 FY26: Sales Up 18%, Profit Before Tax ₹721 Cr

Cummins India Limited (NSE: CUMMINSIND) reports Q2 FY26 results with sales up 18% to 3,375 Cr and profit before tax at 721 Cr.

Manas shah, Analyst — IT & Software

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Cummins India Limited NSE Cumminsind Q2 FY26 Results

Cummins India Limited (NSE: CUMMINSIND) has reported its financial results for the quarter ended June 30, 2026. The company’s total sales for the quarter were 3,375 Cr, marking an 18% increase compared to the same quarter last year and a 14% rise quarter-on-quarter. Domestic sales stood at 2,854 Cr, up 22% year-on-year and 14% sequentially. Export sales remained flat at 521 Cr compared to the previous year but increased by 16% from the previous quarter.

Profit Margins and Outlook

Profit before tax (before exceptional items) was 721 Cr, with a margin of 21.4%, slightly lower by 0.7% compared to the same quarter last year and down 12% sequentially. Profit after tax was 543 Cr, with a net profit margin of 16.1%.

Future Projections

Shveta Arya, Managing Director of Cummins India Limited, commented on the results, stating, ‘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.’ 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.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Cummins India Limited

Cummins India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

CUMMINSIND
Industrials › Specialty Industrial Machinery
86
Fundamental
60
Technical
73
Overall

1W +0.2%
1M -6.79%
3M -11.43%
P/E: 59.7 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Cummins posts a 0.7% three-month gain, but softens in the last few weeks. The PEG of 2.61 is on the high side. However, it is acceptable for a quality compounder with a strong moat. The business compounds revenue at 16.1% and profits at 24.4% CAGR. That is strong double-digit growth on both counts. Sellers drive 1.8x the volume of buyers. Furthermore, they controlled 12 of recent sessions versus 17 for buyers — a clear distribution signal. Revenue grows at 16.1% and profits at 24.4%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Cummins India Limited.

CUMMINSIND

Cummins India Limited (cumminsind) Unveils Next-generation Power Solutions at Bauma Conexpo India 2026

Cummins India Limited (CUMMINSIND) showcases next-gen power solutions and expands its portfolio at bauma CONEXPO India 2026.

Shruti singh - TradeAlone

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Cummins India Limited NSE Cumminsind 2026 Event

Cummins India Limited (NSE: CUMMINSIND) introduced its next-generation power solutions and comprehensive lifecycle aftermarket offerings for the genset, construction, and mining sectors at the 9th edition of bauma CONEXPO India 2026. A key highlight of the event was the launch of the Cummins QSK60 powered G34 and G37 gen set solutions, further expanding its power solutions portfolio and reinforcing Cummins’ commitment to delivering dependable, high-performance power for demanding segments such as data centers and other mission-critical applications.

Next-Generation Power Solutions

The QSK60 G34 delivers 2000 kVA Prime and 2250 DCC power while the QSK60 G37 delivers 2500 DCC power, making it well suited for demanding applications across data centers, commercial buildings, manufacturing facilities, and critical infrastructure. The CAQM-compliant QSK60 G37 is helping customers meet stringent emission guidelines in Delhi NCR and Tamil Nadu region.

Comprehensive Aftermarket Portfolio

Cummins highlighted how connected technologies, fuel optimization, emissions management, and advanced energy solutions enable customers to improve uptime, enhance operational efficiency, and unlock long-term value. The Aftermarket portfolio demonstrated Cummins’ focus on maximizing equipment performance across the lifecycle.

Jameson Mendonca, Power Generation Business Leader, Cummins India Limited, said, “Cummins has been powering India’s growth for decades, and as customer needs evolve, so do we. Through engineering excellence, innovation, and lasting partnerships, we are helping customers meet today’s needs while preparing for tomorrow.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Cummins India Limited

Cummins India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

CUMMINSIND
Industrials › Specialty Industrial Machinery
86
Fundamental
60
Technical
73
Overall

1W +0.2%
1M -6.79%
3M -11.43%
P/E: 59.7 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Cummins falls 9.8% over three months and has not found a floor yet. The PEG of 2.44 is on the high side. However, it is acceptable for a quality compounder with a strong moat. The business compounds revenue at 16.1% and profits at 24.4% CAGR. That is strong double-digit growth on both counts. Sellers drive 1.7x the volume of buyers. Furthermore, they controlled 17 of recent sessions versus 11 for buyers — a clear distribution signal. Revenue grows at 16.1% and profits at 24.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 9.8% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Cummins India Limited.

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CUMMINSIND

Cummins India Limited (cumminsind) to Showcase Advanced Power Solutions at Bauma Conexpo India 2026

Cummins India Limited (CUMMINSIND) to unveil advanced power solutions at bauma CONEXPO India 2026, showcasing emission-ready technologies.

preety tomer tradealone

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Cummins India Limited NSE Cumminsind Bauma Conexpo 2026

Cummins India Limited (CUMMINSIND) is set to unveil its advanced power solutions portfolio at bauma CONEXPO India 2026, from September 15-18 at India Expo Centre & Mart, Greater Noida. The event will highlight localized, connected, and emission-ready power solutions designed for greater reliability, efficiency, and uptime.

Integrated Power Solutions

Through its integrated portfolio spanning power generation, distribution, energy storage, and aftermarket solutions, Cummins will demonstrate how it helps customers meet evolving power requirements while maximizing reliability, operational efficiency, equipment uptime, and lifecycle value.

Commitment to India’s Infrastructure

Jameson Mendonca, Power Generation Business Leader at Cummins India Limited, emphasized, ‘Power is fundamental to India’s infrastructure ambitions, but its real value lies in enabling progress, creating economic opportunity and supporting our nation’s development journey.’ He added, ‘At Cummins, we combine world-class technology, dependable performance, and lifecycle expertise with deep customer relationships to deliver beyond products; we offer complete power solutions backed by service, support, and customization.’ As India builds its infrastructure of tomorrow, Cummins remains committed to helping customers maximize uptime, improve productivity, and achieve sustained success.

Visit us at Hall 14, Booth B-41 and connect with our experts to know more about how we could partner for the evolving needs of the construction, infrastructure, mining, and industrial sectors.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Cummins India Limited

Cummins India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

CUMMINSIND
Industrials › Specialty Industrial Machinery
86
Fundamental
60
Technical
73
Overall

1W +0.2%
1M -6.79%
3M -11.43%
P/E: 59.7 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Cummins falls 10.2% over three months and has not found a floor yet. The PEG of 2.41 is on the high side. However, it is acceptable for a quality compounder with a strong moat. The business compounds revenue at 16.1% and profits at 24.4% CAGR. That is strong double-digit growth on both counts. RSI stands at 30, well into oversold territory. Yet sellers still dominated on 15 of recent sessions versus 13 for buyers, so the pressure has not fully lifted. Revenue grows at 16.1% and profits at 24.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 10.2% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Cummins India Limited.

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CUMMINSIND

Cummins India Limited Q4 FY26 Results: Revenue Up 23%, Profit After Tax Rises 18%

Cummins India Limited (NSE: CUMMINSIND) reports Q4 FY26 results with revenue up 23%, profit after tax rises 18%.

priyanka verma tradealone

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Cummins India Limited NSE Cumminsind Q4 FY26 Results

Cummins India Limited (NSE: CUMMINSIND) has reported its financial results for the quarter and year ended March 31, 2026. The board approved these results at their meeting held today. For the quarter ended March 31, 2026, total sales were 2,963 crore, up 23% compared to the same quarter last year, while profit after tax stood at 650 crore, higher by 18% compared to the same quarter last year.

Quarterly Performance

Domestic sales for the quarter were 2,513 crore, higher by 30% compared to the same quarter last year and moderated by 1% over the previous quarter. Export sales were 450 crore, lower by 6% compared to the same quarter last year and lower by 5% compared to the previous quarter. Profit before tax stood at 820 crore, with a margin of 27.7%, higher by 20% compared to the same quarter last year and higher by 14% compared to the sequential quarter.

Annual Performance

For the year ended March 31, 2026, total sales were 11,950 crore, up 18% compared to the last year. Domestic sales were 9,961 crore, increased by 19% compared to the last year. Exports sales were 1,989 crore, up 12% compared to the last year. Profit before tax (before exceptional items) stood at 3,104 crore, with a margin of 26% and is higher by 24% compared to the last year. Profit after tax was 2,330 crore, higher by 22% compared to the last year.

Shveta Arya, Managing Director, Cummins India Limited, commented on the results: “I am pleased to announce that Cummins India Limited has concluded FY26, with record revenue and profitability. Our ability to leverage a globally integrated supply chain and agile operating framework has enabled us to effectively meet strong customer demand in both the domestic and export markets.”

The company remains focused on disciplined execution, prudent capital allocation, and effective cost management, underpinned by a strong balance sheet and healthy cash position.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Cummins India Limited

Cummins India Limited belongs to the sector. Here’s a quick read on where the business and the stock stand today.

CUMMINSIND
Industrials › Specialty Industrial Machinery
86
Fundamental
60
Technical
73
Overall

1W +0.2%
1M -6.79%
3M -11.43%
P/E: 59.7 Cap: Large
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Cummins rises 10.2% over three months, with buying pressure holding steady. The PEG of 2.32 is on the high side. However, it is acceptable for a quality compounder with a strong moat. The business compounds revenue at 19.0% and profits at 28.9% CAGR. That is strong double-digit growth on both counts. The stock trades at 98% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The business grows revenue at 19.0% and profits at 28.9%, with D/E of 0.00. The stock reflects that strength. Moreover, when fundamentals and price action align, the PEG of 2.32 premium is usually justified. Check Fundamentals of Cummins India Limited.

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