Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Financial Results
Date of Board Meeting / Approval: November 4, 2026
Board Meeting Timing: 19:55 hrs to 21:00 hrs (IST)
Audit Opinion: Clean Review Report - No material misstatements found
Auditor's Comment: Nothing came to their attention that causes them to believe the Statement was not prepared in all material respects in accordance with recognition and measurement principles
Key Financial Highlights [₹ Crore]
Standalone Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹3,301.21 (Sales: ₹3,247.47 + Other Operating Income: ₹53.74)
- Total Income: ₹3,452.69
- Profit Before Exceptional Items and Tax: ₹600.82
- Profit Before Tax: ₹600.82
- Profit After Tax: ₹466.89
- EPS: ₹16.84 (not annualized)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹6,727.22 (Sales: ₹6,622.40 + Other Operating Income: ₹104.82)
- Total Income: ₹7,039.79
- Profit Before Exceptional Items and Tax: ₹1,321.58
- Profit Before Tax: ₹1,321.58
- Profit After Tax: ₹1,009.90
- EPS: ₹36.43 (not annualized)
YoY Comparison (Standalone Q2 FY27 vs Q2 FY26):
- Revenue from Operations: ₹3,301.21 vs ₹3,170.27 (4.1% increase)
- Profit After Tax: ₹466.89 vs ₹637.69 (26.8% decrease)
Consolidated Results:
Quarter Ended September 30, 2026:
- Revenue from Operations: ₹3,301.21 (Sales: ₹3,247.47 + Other Operating Income: ₹53.74)
- Total Income: ₹3,438.44
- Profit Before Exceptional Items and Tax: ₹586.57
- Share of Profit of Joint Venture and Associate: ₹54.66
- Profit Before Tax: ₹641.23
- Profit After Tax: ₹507.17
- EPS: ₹18.30 (not annualized)
Half Year Ended September 30, 2026:
- Revenue from Operations: ₹6,727.22 (Sales: ₹6,622.40 + Other Operating Income: ₹104.82)
- Total Income: ₹7,001.79
- Profit Before Exceptional Items and Tax: ₹1,283.58
- Share of Profit of Joint Venture and Associate: ₹144.49
- Profit Before Tax: ₹1,428.07
- Profit After Tax: ₹1,116.47
- EPS: ₹40.28 (not annualized)
YoY Comparison (Consolidated Q2 FY27 vs Q2 FY26):
- Revenue from Operations: ₹3,301.21 vs ₹3,170.27 (4.1% increase)
- Profit After Tax: ₹507.17 vs ₹622.33 (18.5% decrease)
Financial Position (as at September 30, 2026):
Standalone:
- Total Assets: ₹10,703.62 crore
- Equity Share Capital: ₹55.44 crore
- Other Equity: ₹7,616.00 crore
- Cash and Cash Equivalents: ₹166.27 crore
Consolidated:
- Total Assets: ₹11,386.43 crore
- Equity Share Capital: ₹55.44 crore
- Other Equity: ₹8,299.36 crore
- Cash and Cash Equivalents: ₹166.27 crore
Segment-wise Performance [₹ Crore]:
The company operates in two segments: Engines and Lubes
Quarter Ended September 30, 2026:
- Engines Segment Sales: ₹3,247.47
- Lubes Segment Sales: ₹1,014.56 (full numbers from Valvoline Cummins Private Limited)
- Engines Segment Profit Before Tax: ₹621.36
- Lubes Segment Profit Before Tax: ₹53.66
Half Year Ended September 30, 2026:
- Engines Segment Sales: ₹6,622.40
- Lubes Segment Sales: ₹2,017.93 (full numbers from Valvoline Cummins Private Limited)
- Engines Segment Profit Before Tax: ₹1,362.44
- Lubes Segment Profit Before Tax: ₹176.44
Corporate Actions:
Not Specified
Other Significant Information:
Subsidiary Sale:
Cummins Sales & Service Private Limited (CSSPL) ceased to be a subsidiary effective April 1, 2025, after transfer of 100% shares.
Cash Flow Highlights (Half Year Ended September 30, 2026):
- Net cash generated from operating activities: ₹1,020.75 crore
- Net cash used in investing activities: ₹85.08 crore
- Net cash used in financing activities: ₹1,281.04 crore
- Dividend paid: ₹1,272.66 crore
Auditor: Price Waterhouse & Co Chartered Accountants LLP
Review Conducted By: Pravin Rajani, Partner