Cummins India Limited — Investor Meet, 10-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Cummins India reported Q3 FY26 sales of INR3,006 Cr, down 1% YoY and 4% QoQ. PBT (before exceptional items) was INR719 Cr, up 7% YoY but down 14% QoQ, impacted by a one-time INR50 Cr expense. Domestic Power Gen declined 16% YoY due to data center execution timing, though core growth is steady. Distribution business surged 26% YoY. Gross margins hit historic highs from material cost efforts and sales mix. Management expects double-digit revenue growth for FY26 and targets double-digit domestic growth for FY27, citing strong infrastructure outlook and data center pipeline. Export outlook remains uncertain. The company is confident in domestic growth, watchful on global factors and commodity prices.