Cummins India Ltd — earnings calls

Cummins India reported Q1 FY27 sales of Rs 3,375 crore, up 18% year-on-year, with domestic sales up 22% while exports were flat. Profit before tax before exceptional items was marginally lower year-on-year and management attributed margin pressure to higher commodity costs and inflation during the quarter. Management described strong demand in power generation, particularly from data centers, alongside supply constraints and a competitive high-horsepower export market affected by the West Asia crisis.

Cummins India reported FY26 sales of Rs 11,950 crore, up 18% year-on-year, with profit before tax before exceptional items at Rs 3,104 crore, up 24%. Management said data center revenue contributed 30-35% of domestic power generation revenue for the year and approximately 35% for the quarter, and described robust domestic demand across power generation, industrial and distribution segments alongside continued caution on exports and commodity inflation. Management said it expects moderate growth across segments in FY27 while monitoring geopolitical developments and their potential impact on the broader economy.