Cummins India Limited closed FY26 with revenue growth of 18% year-on-year, surpassing the double-digit revenue growth guidance the company had set out at the beginning of the fiscal year, underlining the strength of demand across its power generation and industrial engine segments.
Revenue from operations for FY26 stood at ₹12,143.19 crore against ₹10,339.40 crore in FY25, a growth of 17.4%. Full-year PAT rose 22.3% to ₹2,330.18 crore from ₹1,905.78 crore, with EBITDA expanding in absolute terms even as margins remained broadly stable.
The outperformance against guidance is significant in the context of a year marked by global energy price volatility, rupee depreciation, and supply chain disruptions linked to the Iran war. Demand for power generation equipment, a core segment for Cummins India, has been structurally supported by India’s infrastructure buildout, data centre expansion, and rising backup power requirements across industries navigating grid reliability concerns.
The Q4 FY26 performance reinforced the full-year trajectory. Quarterly revenue grew 22.6% year-on-year to ₹3,011.18 crore, EBITDA rose 23.1% to ₹640 crore, and PAT climbed 24.7% to ₹650.12 crore. EBITDA margin for the quarter came in at 21.33%, marginally below the 21.54% posted in Q4 FY25.
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