Cummins India | Business Upturn

Cummins India withholds interim dividend for FY 2025-26 due to KYC non-compliance

Yash Agarwal — Thu, 02 Apr 2026 15:34:35 +0000

Cummins India has announced the withholding of interim dividends for the financial year 2025-26 for shareholders whose folios are not KYC compliant. The company has taken this step in accordance with the Securities and Exchange Board of India (SEBI) regulations that require shareholders to update their KYC details, including bank account information, to receive dividends electronically.

The Board of Directors of Cummins India declared an interim dividend of ₹20 per equity share with a face value of ₹2 each during their meeting on 4 February 2026. However, dividends for shareholders who have not updated their KYC details or whose bank account information is incomplete or incorrect have been withheld.

Cummins India has communicated individually with the affected shareholders, informing them of the need to update their KYC details, including complete bank account and email address information. Physical shareholders are required to submit the relevant forms to the company’s Registrar and Share Transfer Agent (RTA), while those holding shares in demat mode must update their details with their respective depository participants.

The company has emphasised that dividends will only be released through electronic mode once the KYC details are successfully updated. Shareholders are encouraged to keep their KYC information current to avoid future withholding of dividends.

Cummins India has also provided guidance on updating KYC details and obtaining investor relation services. Shareholders can download the necessary KYC forms from the company’s website and submit them along with self-attested documentary proofs to the RTA. Additionally, the company offers support through a chatbot on the RTA’s website and the ‘SWAYAM’ online investor self-service portal.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Cummins India faces tax demands totalling ₹45.82 crore for FY 2016-17 and 2018-19

Kinjal — Tue, 31 Mar 2026 17:31:54 +0000

Cummins India has received rectification orders from the Deputy Commissioner of Income Tax, Pune, demanding ₹32.98 crore for the financial year 2018-19 and ₹12.84 crore for 2016-17. These demands were issued under Section 155(18) of the Income-tax Act, 1961, due to errors apparent on the record.

The company is actively pursuing remedial actions with the relevant authorities to address these issues, with expectations that the demands will be quashed. The rectification orders were received on 30 March 2026 for FY 2018-19 and on 27 March 2026 for FY 2016-17.

According to Cummins India, the demands do not have a material impact on the company’s financials or its operational activities. The company is confident in resolving the issues without significant consequences.

The orders were related to the withdrawal of claims for the Secondary and Higher Education Cess for the respective financial years. No violations or contraventions were identified in the orders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Cummins India faces Rs 105 crore tax and penalty demand from CGST

Yash Agarwal — Sun, 29 Mar 2026 10:01:47 +0000

Cummins India has been ordered to pay a substantial tax demand and penalty by the Additional Commissioner of CGST, Pune-II Commissionerate. The order, received on 28 March 2026, levies a tax demand of ₹52,55,51,043 and a penalty of ₹52,55,76,043 under Section 74 of the Central Goods and Services Tax Act. This action pertains to the financial years 2019-20, 2020-21, and 2021-22.

The order alleges that Cummins India treated a leave and license agreement as a finance lease arrangement, which effectively amounted to the transfer of proprietary interest in the leased property. The company has announced its intention to appeal the order with the appropriate authority.

Despite the significant figures involved, Cummins India has stated that the penalty will not have a material impact on its financials or operational activities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Cummins India faces Rs 62.3 crore tax demand and penalty from CGST Pune

Kinjal — Fri, 27 Mar 2026 13:46:54 +0000

Cummins India has been hit with a substantial tax demand and penalty by the Additional Commissioner of Central Goods and Services Tax (CGST), Pune-II Commissionerate. The company received two separate orders, each levying significant financial penalties for alleged tax discrepancies over the financial years 2019-20, 2020-21, and 2021-22.

The first order demands a tax payment of ₹43,79,73,947 along with an equivalent penalty amount under Section 74 of the Central Goods and Services Tax Act, in conjunction with Section 20 of the Integrated Goods and Services Tax 2017. This action is based on allegations that Cummins India reduced its output GST tax liability against credit notes issued to customers without ensuring the corresponding reversal of Input Tax Credit. Cummins India plans to appeal this decision with the appropriate authority.

The second order involves a tax demand of ₹18,51,57,200 and a matching penalty under Sections 50 and 74 of the Central Goods and Services Tax Act, also read with Section 20 of the Integrated Goods and Services Tax 2017. This order pertains to the alleged misclassification of goods sold and the consequent short payment of GST, which has resulted in a demand for differential tax for the disputed period. Cummins India intends to challenge this order as well.

Despite the hefty penalties, Cummins India has stated that these financial levies will not materially impact the company’s financials, nor will they affect its operational or other activities. The company received both orders on March 26, 2026, with the orders dated March 25, 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Top Q3 results today, Feb 4: Bajaj Finserv, Trent, Bajaj Holdings, Tata Power, NHPC, Cummins India and more to announce earnings

Aman Shukla — Wed, 04 Feb 2026 02:43:01 +0000

A busy earnings session is lined up for Dalal Street as a large number of listed companies are scheduled to announce their financial results for the quarter ended December 2025 on Wednesday, February 4, 2026 (IST). The results will give investors fresh insight into corporate performance during Q3 FY26 across sectors such as finance, power, FMCG, healthcare, capital goods, infrastructure, hospitality, and manufacturing.

Q3 Results on February 4, 2026: Companies to Watch

Several heavyweight and mid-cap names are expected to report their quarterly numbers on the same day. Key companies declaring results include Bajaj Finserv, Trent, Bajaj Holdings & Investment, The Tata Power Company, Cummins India, NHPC, Tube Investments of India Ltd and Hexaware Technologies.

The auto and mobility space will also be in focus with earnings from Apollo Tyres, Force Motors, Automotive Axles and Rane Madras.

Healthcare and pharma companies slated to report include Global Health, Emcure Pharmaceuticals, Metropolis Healthcare, Zota Health Care and Shukra Pharmaceuticals.

From the consumer, retail and hospitality segments, results are expected from Emami, Devyani International, Westlife Foodworld, Wonderla Holidays, Apeejay Surrendra Park Hotels and Eureka Forbes.

Infrastructure, capital goods and industrial names on the earnings calendar include Kalpataru Projects International, RITES, Welspun Enterprises, Lloyds Engineering Works, Quality Power Electrical Equipments and Aurionpro Solutions.

Financial services and banking stocks such as Aptus Value Housing Finance India, Sammaan Capital, Tamilnad Mercantile Bank, TeamLease Services and Wealth First Portfolio Managers are also expected to announce their Q3 numbers.

In addition, results are due from companies across metals, chemicals, textiles, paper, agri-inputs and specialty manufacturing, including Sandur Manganese and Iron Ores, Archean Chemical Industries, Andhra Paper Limited, Zuari Agro Chemicals, Asian Granito India and Greenply Industries, among many others.

Cummins India shares jump nearly 3% as Q1 net profit rises 40.3% YoY Rs 589 crore, beats estimates

Aman Shukla — Fri, 08 Aug 2025 03:50:04 +0000

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.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Cummins India launches Battery Energy Storage Systems to support clean energy transition

Aman Shukla — Thu, 26 Jun 2025 06:24:38 +0000

Cummins India Limited has unveiled its advanced Battery Energy Storage Systems (BESS), marking a significant step in its commitment to sustainability through the Destination Zero strategy. This latest offering enhances Cummins’ clean energy portfolio and supports India’s push toward a greener, more reliable power infrastructure.

The newly launched BESS solutions are designed to facilitate the smooth integration of renewable energy sources such as solar and wind into existing power systems. These solutions aim to address the energy demands of key sectors like manufacturing, data centers, commercial real estate, and mining, helping them manage peak loads and reduce energy costs through intelligent energy shifting and storage.

Cummins’ BESS units come in modular and scalable containerized formats, delivering energy outputs between 200kWh to 2MWh. These systems feature lithium ferrophosphate (LFP) batteries, known for safety, longevity, and performance. An integrated liquid cooling system enhances battery efficiency, while global safety certifications and a robust fire protection setup ensure dependable operation.

With plug-and-play capabilities, these energy storage units are easy to deploy and transport, making them a practical solution for both urban and remote applications. Backed by Cummins’ trusted service network, the BESS offering provides reliable performance and long-term support.

As India accelerates its transition to renewable power, Cummins’ latest energy storage systems position the company at the forefront of sustainable energy innovation, empowering industries to embrace cleaner, cost-effective power solutions.

Mahindra Logistics launches advanced warehousing facility in Phaltan for Cummins India

Aman Shukla — Wed, 11 Jun 2025 06:00:54 +0000

Mahindra Logistics Ltd., a leading integrated logistics solutions provider in India, has inaugurated a new state-of-the-art warehousing facility in Phaltan, Maharashtra. This strategic move strengthens the company’s presence in one of India’s fastest-growing industrial corridors and enhances logistics capabilities for Cummins India.

Spread across over 3 lakh square feet, the facility is a dedicated logistics hub for Cummins India, a renowned provider of power solutions. It is designed to consolidate products from various sources into a centralized location, thereby optimizing nationwide distribution and enhancing supply chain efficiency, visibility, and product availability.

Located near Pune, the Phaltan facility provides direct access to key highways and industrial zones, positioning it as a critical link in Cummins India’s supply chain. The warehouse is part of Mahindra Logistics’ commitment to deliver end-to-end logistics solutions, encompassing site identification, greenfield development, manufacturing, and unified distribution management.

This new Integrated Logistics Centre will support Cummins India’s inbound and outbound logistics, warehouse management, and last-mile dispatch operations. It will also facilitate agile manufacturing by enabling efficient and scalable logistics operations.

Aligned with Cummins India’s global sustainability standards, the facility is powered by renewable energy and incorporates green technologies such as solar panels and advanced water treatment systems. In addition, it is expected to generate over 500 employment opportunities for the local community.

This project further reinforces Mahindra Logistics’ leadership in providing sustainable, integrated logistics solutions that enhance customer service levels, operational transparency, and cost efficiency.

Cummins India shares jump 2% as HSBC maintains ‘Buy’ call

Aman Shukla — Mon, 10 Feb 2025 03:59:52 +0000

Cummins India shares jumped 2% after HSBC maintained a buy rating, even as it revised the target price to ₹3,500 from ₹4,200, citing a moderation in growth prospects. Despite the downward revision, the stock still offers significant upside from current levels. As of 9:28 AM, the shares were trading 2.37% higher at Rs 2,940.00.

In its latest report, HSBC highlighted strong Q3 earnings, which exceeded market expectations due to robust revenue growth across all segments. However, margin weakness remains a concern, offsetting some of the strong topline performance.

The brokerage firm pointed out that limited scope for margin expansion could lead to slower growth in the coming quarters. As a result, HSBC has adjusted valuation multiples to reflect this moderation, leading to the lower target price.

Despite these challenges, Cummins India continues to demonstrate resilience and strong business fundamentals. The company remains well-positioned in the market, with a solid long-term growth trajectory.

Cummins India up 3% as Q3 net profit rises 13% YoY to Rs 514 crore

Aditya Bhagchandani — Thu, 06 Feb 2025 03:56:43 +0000

Shares of Cummins India Ltd rose 3% to ₹2,990.70 following the company’s Q3 FY25 financial performance, driven by a 13% YoY increase in net profit and robust revenue growth.

Stock Performance Update (as of 9:22 AM)

Current share price: ₹2,990.70 (+3%)
Previous close: ₹2,921.15
Market cap: ₹827.52 billion
52-week range: ₹2,329.55 – ₹4,171.90

Key Financial Highlights (Q3 FY25)

Net profit: ₹514 crore, up 13% YoY from ₹455 crore in Q3 FY24.
Standalone revenue: ₹3,086 crore, up 21.8% YoY from ₹2,534 crore.
Standalone EBITDA: ₹600 crore, reflecting an 11.5% YoY growth from ₹538 crore.
EBITDA margin: 19.4%, compared to 21.2% in the year-ago quarter.

Dividend Declaration

The board of directors approved an interim dividend of ₹18 (900%) per equity share on 277,200,000 equity shares with a face value of ₹2 each for FY25. The record date for the dividend is February 14, with payments scheduled by March 3.

Cummins India’s strong financial results highlight its effective strategy in expanding its revenue streams within the power solutions sector, further boosted by consistent dividend payouts.

Disclaimer:
The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Business Upturn is not liable for any losses arising from the use of this information.

Cummins India’s market cap declines by Rs 3,396 crore as stock drops 3.41%

Aditya Bhagchandani — Tue, 12 Nov 2024 08:20:32 +0000

Cummins India Limited experienced a significant drop in its stock price on November 12, 2024, with shares trading at Rs 3,479.25, down by 3.41%. This decline led to a decrease in the company’s market capitalization, which now stands at Rs 96,444.81 crore.

Key Trade Details:

Opening Price: Rs 3,601.95
Day’s High: Rs 3,643.50
Day’s Low: Rs 3,457.00
Last Traded Price: Rs 3,479.25 (down by Rs 122.70 or 3.41%)
Total Market Cap: Rs 96,444.81 crore
Free Float Market Cap: Rs 46,851.08 crore
Traded Volume: 5.13 lakh shares
Traded Value: Rs 180.85 crore

Additional Price Information:

52-Week High: Rs 4,171.90 (June 25, 2024)
52-Week Low: Rs 1,748.50 (November 13, 2023)
Daily Volatility: 2.06%
Annualized Volatility: 39.36%

The decline in Cummins India’s market cap reflects investor caution, with the stock listed under the Nifty Midcap 50 index within the compressors, pumps, and diesel engines sector.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

Cummins India’s market cap rose ₹5,235.75 crore this week – Know More

Aditya Bhagchandani — Sun, 10 Nov 2024 07:51:27 +0000

Cummins India saw a market cap increase of ₹5,235.75 crore, bringing its total market cap to ₹1,06,561.75 crore as of Friday’s close. The last traded share price on Friday was ₹3,655.35, reflecting a weekly gain of approximately 5.17% from Monday’s close of ₹3,475.75.

Cummins India Limited reported robust financial results for the quarter ending September 30, 2024, driven by significant growth in domestic sales, which bolstered the company’s quarterly performance. Despite a decline in export sales, Cummins India’s strategic alignment with economic trends and infrastructure initiatives contributed to its positive results.

Shveta Arya, Managing Director of Cummins India Limited, highlighted the resilience of the Indian economy amid geopolitical tensions, with consistent GST collections and favorable economic indicators such as IIP and PMI supporting a stable outlook. Arya emphasized that Cummins India’s focus on economic stability and alignment with government-led infrastructure efforts ensures the company’s strong market position in meeting demand despite global uncertainties.

In its Q2 FY25 results, Cummins India Ltd. reported impressive growth, with total revenue, including sales and other income, reaching ₹2,492.3 crore, a 30.8% increase from ₹1,899.8 crore in the same period last year. This boost in revenue includes sales income of ₹2,448.4 crore and other operating income of ₹43.9 crore.

The company’s profit after tax (PAT) rose substantially, climbing 27.7% year-over-year to ₹419.8 crore from ₹328.5 crore in Q2 FY24. For the half-year ended September 30, 2024, total revenue was ₹4,796.3 crore, up from ₹4,108.4 crore during the corresponding period last year, while PAT reached ₹870.4 crore, a solid increase from ₹644.2 crore.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Cummins India’s market cap drops below ₹1 lakh crore as shares fall over 5%

Aditya Bhagchandani — Fri, 11 Oct 2024 04:53:35 +0000

On October 11, 2024, Cummins India shares witnessed a sharp decline, dropping by 5.30% to trade at ₹3,582.25, a fall of ₹200.40 from the previous close of ₹3,782.65. This significant drop has brought the company’s market capitalization down to ₹99,299.97 crore, slipping below the ₹1 lakh crore mark.

During the session, Cummins India’s stock opened at ₹3,700.00 and reached a low of ₹3,577.00, with a total trading volume of 6.31 lakh shares, amounting to a traded value of ₹228.49 crore. The stock’s volatility remains a focal point, with the company’s annualized volatility standing at 39.36%.

Cummins India’s stock had previously reached a 52-week high of ₹4,171.90 and a 52-week low of ₹1,659.05. Despite the dip, the company remains actively traded and continues to be part of the Nifty Midcap 50 Index.

Cummins India Q1 net profit rises 33% to ₹420 crore

Aditya Bhagchandani — Tue, 06 Aug 2024 13:21:32 +0000

Cummins India Ltd reported a significant increase in standalone net profit for the first quarter ending June 30, 2024. The company’s net profit rose by 33% year-on-year to ₹419.8 crore.

Financial Highlights

Net Profit: ₹419.8 crore, a 33% increase from ₹315.7 crore in the same quarter last year.
Revenue: Increased by 4.3% to ₹2,304.2 crore compared to ₹2,208.7 crore in the previous year.
EBITDA Margin: Improved to 20.3% from 15.4% in the first quarter of the previous fiscal year.

Business Performance

Operational Efficiency: The increase in net profit and EBITDA margin indicates better operational efficiency.
Strategic Appointments: The board of directors has approved the appointment of Shveta Arya as an additional director and managing director designate, effective August 8, 2024.

Metric	Q1 FY25	Q1 FY24
Net Profit	₹419.8 crore	₹315.7 crore
Revenue	₹2,304.2 crore	₹2,208.7 crore
EBITDA Margin	20.3%	15.4%

Future Outlook

Cummins India continues to focus on enhancing its operational efficiency and strategic leadership appointments. The company’s positive performance in the first quarter sets a strong foundation for the rest of the fiscal year.

Cummins India shares surge over 10% on impressive Q3 earnings

Aditya Bhagchandani — Thu, 08 Feb 2024 09:27:02 +0000

Shares of Cummins India experienced a significant rally, surging over 10% intraday on February 8 to reach a new all-time high of Rs 2,648.80 on the National Stock Exchange (NSE). This surge followed the company’s release of impressive earnings for the quarter ended December 2023.

Cummins India’s Q3 results showcased a notable improvement in the company’s performance compared to the same period last year. The company reported its highest-ever quarterly consolidated net profit at Rs 455 crore, marking a substantial 26% increase from Rs 360 crore reported in the year-ago quarter. Additionally, it recorded its highest-ever revenue of Rs 2,534 crore, representing a robust year-on-year growth of 16.18% compared to Rs 2,181 crore in Q3 FY23.

Investors responded positively to Cummins India’s stellar performance, driving its shares to new heights. At 2:03 pm, Cummins India shares were trading nearly 9% higher at Rs 2,605 apiece, underscoring the market’s confidence in the company’s growth trajectory.