Cummins India Ltd — Feb2026 Conference Call Summary
AI-generated summary · Based on official transcripts and investor presentations
Cummins India Limited Q3 FY26 Earnings Conference Call (February 2026)
Business
- Engines + power solutions; segments: Power Generation, Distribution, Industrial; domestic + exports (high + low horsepower)
Q3 FY26 Financials (quarter ended December 31, 2025)
- Net sales: INR 3,006 cr (broadly stable; -1% YoY; -4% QoQ from INR 3,122 cr)
- Domestic sales: INR 2,535 cr (-2% YoY); Exports INR 471 cr (+2% YoY, -14% QoQ)
- PBT before exceptional items: INR 719 cr (+7% YoY; -14% QoQ)
- PBT after exceptional items: INR 593 cr (-12% YoY; -29% QoQ; ~INR 126 cr exceptional impact)
Segment Performance (domestic, Q3)
- Power Gen: INR 1,069 cr (-16% YoY, -20% QoQ)
- Distribution: INR 939 cr (+26% YoY, +18% QoQ)
- Industrial: INR 464 cr (-9% YoY, +20% QoQ)
- Exports: high horsepower INR 232 cr; low horsepower INR 186 cr (-14% YoY)
Outlook
- FY26: expects double-digit revenue growth over prior fiscal year, supported by demand