Cummins India Ltd (BOM:500480)

Q2 2026 Cummins India Ltd Earnings Call Transcript

Nov 6, 2025 / 04:30 AM GMT

Release Date Price: ₹4294.05 (-0.54%)

Transcript

Key Points

Positve

Cummins India Ltd (BOM:500480) reported a 28% increase in sales for the quarter, reaching 3,122 crores compared to the same quarter last year.
Domestic sales grew by 28%, while exports increased by 24%, indicating strong performance in both markets.
Profit before tax before exceptional items rose by 41%, showcasing significant profitability improvement.
The power generation segment saw a 49% increase in domestic sales over the previous year, driven by strong demand in data centers.
The company expects double-digit revenue growth for the full year 2025-2026, indicating a positive outlook.

Negative

The industrial business segment experienced a 5% decrease in sales compared to the same quarter last year, impacted by extended monsoons affecting the construction segment.
There is a noted softening in export order intake, particularly due to inventory corrections in the channel space.
Competitive pressures in the market are affecting pricing strategies, especially in the power generation segment.
The company faces challenges in maintaining gross margins due to increasing competitive intensity and fluctuating commodity costs.
The data center business, while strong this quarter, is described as lumpy and may not sustain the same level of growth in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CUMM.NS - Cummins India Ltd
Q2 2026 Cummins India Ltd Earnings Call
Nov 07, 2025 / 04:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning ladies and gentlemen. Welcome to Cummins India Limited Q2 F FY 202,526 earnings conference call. We hope you all are keeping safe and healthy. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the commentary concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded.

I now hand the conference over to Ms Shweta Aria, Managing Director, Cummins India Limited.

Thank you and over to you, Ms. Aria.

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