Cummins India500480Quarterly results
Board approves unaudited results for quarter and half year ended September 30, 2026; review conclusion unmodified
Board met on November 4, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 3,438.44 | 3,293.04 | +4.4% | 3,563.35 | −3.5% |
| Profit before tax | 641.23 | 824.03 | −22.2% | 786.84 | −18.5% |
| Profit after tax | 507.17 | 622.33 | −18.5% | 609.30 | −16.8% |
| Total comprehensive income | 490.07 | 635.86 | −22.9% | 609.28 | −19.6% |
| Basic EPS | 18.30 | 22.45 | −18.5% | 21.98 | −16.7% |
- Profit after tax YoY change
- Year ago 622.33 (−18.5%)
- Period
- Quarter ended September 30, 2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items in H1 ended Sep 30, 2025 and FY ended Mar 31, 2026: gain on sale of 100% stake in CSSPL of ₹ 12.59 Cr. (consolidated) and ₹ 44.15 Cr. (standalone).
- Labour Codes notified Nov 21, 2025: net expense of ₹ 94.20 crore recorded as exceptional item for year ended Mar 31, 2026; JV/associate share ₹ 8.36 crore in share of profit.
The board of Cummins India met on November 4, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026, in both standalone and consolidated form. The results were reviewed by the Audit Committee and then approved by the board at that meeting.
Auditor's review conclusion
- Price Waterhouse & Co Chartered Accountants LLP reviewed both the standalone and the consolidated statements and its conclusion is unmodified.
- It states that nothing came to its attention that causes it to believe the statements were not prepared in accordance with Ind AS 34 and the other prescribed accounting principles, or that they contain a material misstatement.
- A review is narrower in scope than an audit and gives moderate assurance; the auditor does not express an audit opinion.
Consolidated performance (₹ crore)
- Revenue from operations: 3,247.47 for the September 2026 quarter, against 3,121.58 in the September 2025 quarter.
- Revenue from operations for the half year: 6,622.40.
- Profit after tax: 507.17 for the quarter, against 622.33 in the year-ago quarter.
- Profit after tax for the half year: 1,116.47.
- Read together, sales were higher year on year, while profit after tax for the quarter was lower than a year earlier.
One item worth noting
- The half year ended September 30, 2025 had included a one-time gain on the sale of a wholly owned subsidiary, Cummins Sales & Service Private Limited — 12.59 crore in the consolidated results and 44.15 crore in the standalone results — booked under exceptional items in that period. The current period's results do not carry that item, which is relevant when comparing profits across the two periods.
How the business is presented
- The company reports in two segments, Engines and Lubes. The Lubes business sits in Valvoline Cummins Private Limited, a joint venture, and in Cummins Generator Technologies India Private Limited, an associate company of the group.
- Segment figures shown for Lubes are the full numbers of Valvoline Cummins Private Limited and are not the company's proportionate share.
- Both entities are accounted for using the equity method, so their contribution comes through the share of profit line rather than as operating revenue of the company.
What a reader can take away
- The update is a results announcement, so the key checkpoints are revenue growth, the movement in profit after tax, and the fact that the auditor's review came with an unmodified conclusion.
- The standalone and consolidated statements should be read separately, since the consolidated numbers include the share of profit of the joint venture and associate.
₹1,116.47 CrConsolidated Profit after tax, half year Sept (₹ crore
Profit after tax, quarter609.30 (₹ Crore)
Consolidated Profit after tax, Sept (₹ crore₹507.17 Cr
Also from Cummins India
September-quarter results: total sales ₹3,247 Cr, up 4% year on year; profit after tax ₹467 Cr
4 Nov 2026
Cummins India to hold Q2 and H1 FY 2026-27 results conference call on November 16, 2026 at 10:00 AM IST
28 Oct 2026
Order levying penalty of ~Rs. 5.19 crore under GST, along with matching tax demand; appeal being evaluated
28 Oct 2026
More numbers
- Consolidated Revenue from operations, Q2 Sept 2026 (₹ crore)3,247.47
- Consolidated Revenue from operations, Q2 Sept 2025 (₹ crore)3,121.58
- Consolidated Revenue from operations, half year Sept 2026 (₹ crore)6,622.40
- Consolidated Profit after tax, half year Sept 2026 (₹ crore)1,116.47
- Gain on sale of CSSPL, exceptional item, consolidated (₹ crore)12.59
- Gain on sale of CSSPL, exceptional item, standalone (₹ crore)44.15
- Total income, latest quarter3,438.44 (₹ Crore)
- Total income, year-ago quarter3,293.04 (₹ Crore)
- Total income, previous quarter3,563.35 (₹ Crore)
- Total comprehensive income, latest quarter490.07 (₹ Crore)
- Total comprehensive income, year-ago quarter635.86 (₹ Crore)
- Total comprehensive income, previous quarter609.28 (₹ Crore)
- Profit after tax, latest quarter507.17 (₹ Crore)
- Profit after tax, year-ago quarter622.33 (₹ Crore)
- Profit after tax, previous quarter609.30 (₹ Crore)
- Profit before tax, latest quarter641.23 (₹ Crore)
- Profit before tax, year-ago quarter824.03 (₹ Crore)
- Profit before tax, previous quarter786.84 (₹ Crore)
Source: BSE · 4 Nov 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.