Financial Performance
Cummins India Limited reported exceptional financial results for FY 2025-26, achieving record revenue of ₹12,143.19 crore (17% YoY growth) and net profit of ₹2,361.75 crore (24% YoY growth). The company declared a total dividend of ₹66 per share, comprising an interim dividend of ₹20 and final dividend of ₹46 per share. Basic and diluted EPS stood at ₹85.20, up from ₹72.15 in the previous year.
Business Operations and Segments
The company demonstrated strong performance across key business segments. The Industrial Business achieved record revenue in railways with Diesel Electric Tower Cars and Power Car diesel alternator sets, while Marine segment recorded highest-ever annual sales with Green Tugs and Naval applications. Power Generation delivered over 26,000 generator sets and expanded its GOEM dealer network from 117 to 133 locations. Export markets showed sustained demand with new product introductions in Chile and expanded reach in North and Central America.
Corporate Actions and Subsidiaries
Cummins India completed the sale of its wholly-owned subsidiary Cummins Sales & Service Private Limited, recognizing a gain of ₹12.59 crore in consolidated financials. The company maintained significant investments in joint venture Valvoline Cummins Private Limited (50% stake, ₹176.88 crore carrying value) and associate Cummins Generator Technologies India Private Limited (48.74% stake, ₹425.21 crore carrying value). Board changes included appointments of new directors and CFO Soma D Ghosh effective July 21, 2025.
ESG and Sustainability Initiatives
The company demonstrated strong environmental performance with total GHG emissions of 25,209 metric tonnes CO2e, water consumption of 179,627 kiloliters, and waste generation of 7,796.52 metric tonnes. Solar energy generation reached 60,08,042 kWh across facilities. CSR expenditure totaled ₹36.79 crore focused on education, environment, and equity initiatives. Diversity metrics showed 27% female workforce representation and Gold Employer status in India Workplace Equality Index 2025.
Provisions and Contingencies
Significant provisions included warranty provisions of ₹129.82 crore, employee benefit provisions of ₹392.75 crore (gratuity ₹344.37 crore), and contingent liabilities of ₹303.16 crore primarily from GST matters (₹234.50 crore). The company recorded an exceptional item of ₹94.20 crore for implementation of new labor codes notified on November 21, 2025.
Regulatory Compliance and Audit
Price Waterhouse & Co provided unqualified audit opinions on both financial statements and BRSR Core sustainability indicators. The company reported one instance of non-compliance with SEBI Listing Regulations regarding Audit Committee composition, for which penalties were paid. Comprehensive sustainability reporting complied with SEBI Circulars dated November 11, 2024 and December 20, 2024.
Annual General Meeting
The 71st Annual General Meeting is scheduled for August 06, 2026, to be conducted via video conferencing, where shareholders will vote on the final dividend recommendation and auditor reappointment.