Cummins India shares jump nearly 3% as Q1 net profit rises 40.3% YoY Rs 589 crore, beats estimates
Shares of Cummins India surged nearly 3% in morning trade on August 8 after the company delivered an impressive set of financial results for the first quarter of FY26, comfortably beating estimates on both profit and revenue fronts. As of 9:18 AM, the shares were trading 0.66% higter at Rs 3,698.30.
The company posted a net profit of ₹589 crore, marking a sharp 40.3% year-on-year increase compared to ₹419.7 crore in the same quarter last year. The figure came in significantly above the CNBC-TV18 poll estimate of ₹466 crore.
Revenue for the quarter stood at ₹2,906 crore, up 26.2% YoY from ₹2,304.2 crore in Q1 FY25. This too outperformed market expectations, which were pegged at ₹2,585 crore.
Cummins also saw strong profitability at the operating level. EBITDA rose 33.4% YoY to ₹623.9 crore, compared to ₹467.9 crore last year. This was well ahead of the estimated ₹518.2 crore. Importantly, EBITDA margins improved to 21.4%, up from 20.3% in the previous year.
Total sales during the quarter were reported at ₹2,859 crore, a 26% YoY increase and 18% sequential growth. The company saw broad-based strength: domestic sales rose 25% to ₹2,336 crore, while exports surged 34% to ₹523 crore, highlighting a healthy demand environment across key markets.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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