Shares of Cummins India surged nearly 3% in morning trade on August 8 after the company delivered an impressive set of financial results for the first quarter of FY26, comfortably beating estimates on both profit and revenue fronts. As of 9:18 AM, the shares were trading 0.66% higter at Rs 3,698.30.
The company posted a net profit of ₹589 crore, marking a sharp 40.3% year-on-year increase compared to ₹419.7 crore in the same quarter last year. The figure came in significantly above the CNBC-TV18 poll estimate of ₹466 crore.
Revenue for the quarter stood at ₹2,906 crore, up 26.2% YoY from ₹2,304.2 crore in Q1 FY25. This too outperformed market expectations, which were pegged at ₹2,585 crore.
Cummins also saw strong profitability at the operating level. EBITDA rose 33.4% YoY to ₹623.9 crore, compared to ₹467.9 crore last year. This was well ahead of the estimated ₹518.2 crore. Importantly, EBITDA margins improved to 21.4%, up from 20.3% in the previous year.
Total sales during the quarter were reported at ₹2,859 crore, a 26% YoY increase and 18% sequential growth. The company saw broad-based strength: domestic sales rose 25% to ₹2,336 crore, while exports surged 34% to ₹523 crore, highlighting a healthy demand environment across key markets.
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