Cummins India Q2 FY27 Results: Consolidated Net Profit ₹507 Crore on Total Income of ₹3,438 Crore
- Earnings
- engines and lubricants
Reviewed byKeshav SehgalBlacklitt Research
Cummins India (NSE: CUMMINSIND) reported consolidated total income of ₹3,438.44 crore and net profit of ₹507.17 crore for the quarter ended 30 Sep 2026, it said in a filing on 04 Nov 2026. Standalone total income was ₹3,452.69 crore and standalone net profit ₹466.89 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹3,438.44 crore, up 4.4% YoY and down 3.5% QoQ
- Net profit and EPS: ₹507.17 crore, down 18.5% YoY; basic EPS ₹18.30
- Other income: ₹137.23 crore, up 11.8% YoY
- Tax expense: ₹134.06 crore, 20.9% of profit before tax, against 24.5% a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹3,452.69 crore, up 2.6% YoY and down 3.7% QoQ
- Net profit and EPS: ₹466.89 crore, down 26.8% YoY; basic EPS ₹16.84
- Other income: ₹151.48 crore, down 22.9% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 3,438.44 | 3,293.04 | +4.4% | 3,563.35 | -3.5% | |
| Revenue from operations | 3,301.21 | 3,170.27 | +4.1% | 3,426.01 | -3.6% |
| Other income | 137.23 | 122.77 | +11.8% | 137.34 | -0.1% |
| 507.17 | 622.33 | -18.5% | 609.30 | -16.8% | |
| Finance costs | 3.00 | 2.55 | +17.6% | 3.90 | -23.1% |
| Depreciation | 53.93 | 49.18 | +9.7% | 52.59 | +2.5% |
| Tax expense | 134.06 | 201.70 | -33.5% | 177.54 | -24.5% |
| Net profit margin | 14.75% | 18.90% | -4.15 pp | 17.10% | -2.35 pp |
| Tax as share of profit before tax | 20.9% | 24.5% | -3.57 pp | 22.6% | -1.66 pp |
| EPS, basic (₹) | 18.30 | 22.45 | -18.5% | 21.98 | -16.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The filing records a net expense of ₹94.20 crore from the labour codes in the year ended 31 Mar 2026, shown as an exceptional item. The year-ago half-year figures also carry a gain on sale of Cummins Sales & Service Private Limited of ₹12.59 crore consolidated and ₹44.15 crore standalone.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 3,452.69 | 3,366.64 | +2.6% | 3,587.10 | -3.7% | |
| Other income | 151.48 | 196.37 | -22.9% | 161.09 | -6.0% |
| 466.89 | 637.69 | -26.8% | 543.01 | -14.0% | |
| Profit before tax | 600.82 | 839.43 | -28.4% | 720.76 | -16.6% |
| Finance costs | 3.00 | 2.55 | +17.6% | 3.90 | -23.1% |
| Depreciation | 53.93 | 49.18 | +9.7% | 52.59 | +2.5% |
| Tax expense | 133.93 | 201.74 | -33.6% | 177.75 | -24.7% |
| Net profit margin | 13.52% | 18.94% | -5.42 pp | 15.14% | -1.62 pp |
| EPS, basic (₹) | 16.84 | 23.00 | -26.8% | 19.59 | -14.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit fell 26.8% YoY, more than the 22.2% fall in consolidated profit before tax would suggest, and more than total income rose.
Standalone other income of ₹151.48 crore is 4.4% of total income and 25.2% of profit before tax.
Inference
The filing reports dividend paid of ₹1,272.66 crore in the half year ended 30 Sep 2026, on both a standalone and consolidated basis. The filing does not say which financial year that dividend relates to or its record date.
The board approved the results on 4 Nov 2026 and the auditor issued a limited review report with no matters noted. Whether the fall in standalone other income and the change in tax rate will recur is not known from the filing.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.