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Cummins India posted FY25 sales of INR10,166 Cr, up 15% YoY, with domestic sales rising 18% to INR8,395 Cr and exports growing 6% to INR1,771 Cr. Profit before tax climbed 16% to INR2,496 Cr. Q4 sales increased 6% YoY to INR2,414 Cr, led by a 39% jump in exports; domestic sales were flat. Powergen grew 14% domestically for FY25 but faced Q4 volume pressure due to CPCB IV transition. Distribution and industrial segments rose 14% and 29%, respectively. Margins improved on cost control and stable pricing, with ~65% capacity utilization. FY26 aims for double-digit growth driven by domestic segments, while export growth remains cautious. Management focuses on product innovation, aftermarket, and cost efficiency to maintain market strength.