Key Quantitative Figures

Standalone Financial Results for Quarter Ended June 30, 2026:

  • Revenue from operations: ₹3,374.93 crore
  • Other operating income: ₹51.08 crore
  • Other income: ₹161.09 crore
  • Total Income: ₹3,587.10 crore
  • Total expenses: ₹2,866.34 crore
  • Profit before tax: ₹720.76 crore
  • Tax expense: ₹177.75 crore
  • Profit after tax: ₹543.01 crore
  • Total comprehensive income: ₹543.00 crore
  • Basic and diluted EPS: ₹19.59 (not annualized)
  • Paid-up equity share capital: ₹55.44 crore (face value ₹2 each)

Consolidated Financial Results for Quarter Ended June 30, 2026:

  • Total Income: ₹3,563.35 crore
  • Profit before exceptional items and tax: ₹697.01 crore
  • Profit after exceptional items before tax: ₹697.01 crore
  • Share of profit of joint venture and associate after tax: ₹89.83 crore
  • Profit before tax: ₹786.84 crore
  • Tax expense: ₹177.54 crore
  • Profit after tax: ₹609.30 crore
  • Total comprehensive income: ₹609.28 crore
  • Basic and diluted EPS: ₹21.98 (not annualized)

Segment-wise Performance (Consolidated):

  • Engines segment profit before tax: ₹741.08 crore
  • Lubes segment profit before tax: ₹122.78 crore
  • Total profit before tax: ₹863.86 crore
  • Elimination/Adjustments: ₹77.02 crore
  • Net profit before tax: ₹786.84 crore

Dates of Action

  • Board meeting date: August 05, 2026 (15:00 hrs to 16:30 hrs)
  • Resignation effective date: August 31, 2026
  • Financial results period: Quarter ended June 30, 2026

Parties Involved

  • Statutory Auditors: Price Waterhouse & Co Chartered Accountants LLP
  • Scrutinizer: M/s. Mehta & Mehta, Company Secretaries, Pune
  • Resigning Director: Ms. Shveta Arya (DIN: 08540723)
  • Subsidiaries: Cummins Generator Technologies India Private Limited (48.74% holding, Associate), Valvoline Cummins Private Limited (50% holding, Joint Venture)

Management Changes

Ms. Shveta Arya (DIN: 08540723) resigned as Managing Director, Director and Key Managerial Personnel of the Company effective August 31, 2026, to pursue external opportunities. She was appointed as Managing Director with effect from September 01, 2024, for a term of three years. Consequently, she shall cease from her respective Committee positions as well. The Board has noted and accepted the resignation.

Corporate Actions

  • The Board approved seeking approval of members for revision in commission payable to Independent Directors of the Company
  • Approved Notice of Postal Ballot to be circulated to Members
  • Appointed M/s. Mehta & Mehta, Company Secretaries, Pune as Scrutinizer for the Postal Ballot's e-voting process

Exceptional Items

No exceptional items were recorded in the current quarter (June 30, 2026). Previous exceptional items included:

  • Impact of labour codes: Net expense of ₹94.20 crore for year ended March 31, 2026 (including reversal of ₹32.34 crore in Q4 FY26)
  • Gain on sale of subsidiary Cummins Sales & Service Private Limited: ₹12.59 crore (consolidated) and ₹44.15 crore (standalone) in Q1 FY26

Auditor Review

The unaudited financial results were reviewed by Price Waterhouse & Co Chartered Accountants LLP, who issued limited review reports stating that nothing has come to their attention that causes them to believe that the statements contain any material misstatement.

Capital Structure Impact

No change in paid-up equity share capital reported. The company continues to evaluate suitable candidates for the Managing Director position.

Forward-looking Information

The company is currently evaluating suitable candidates for the Managing Director position and shall inform the Stock Exchange(s) upon completion of the appointment process.