India · Delayed Price · Currency is INR Cummins India Earnings Call Transcripts
Fiscal Year 2026
-
Q3 FY 2025-26 saw stable sales with strong distribution growth and record gross margins, despite a decline in Power Gen due to lumpy data center orders. Management expects double-digit revenue growth for FY 2026, with a positive outlook for domestic infrastructure and data center segments.
-
Q2 FY 2025-26 saw 28% sales growth and 41% higher profit before tax, driven by strong Power Generation demand, especially from data center projects. Double-digit revenue growth is expected for the year, though export softness and rising competition present risks.
-
Q1 FY 2026 saw 26% sales growth and 40% higher profit before tax year-over-year, with broad-based gains across Power Gen, distribution, and industrial segments. Management expects double-digit growth for the year, supported by stable domestic demand and ongoing cost optimization.
Fiscal Year 2025
-
Annual sales grew 15% and profit before tax rose 16% year-over-year, with strong domestic and export performance. Double-digit growth is guided for FY 2026, driven by resilient domestic demand, while export outlook remains cautious due to global uncertainties.
-
Q3 FY25 saw 22% year-over-year sales growth and 11% higher profit before tax, driven by robust domestic and export demand, especially in Power Gen and Industrial segments. Management expects double-digit revenue growth for FY25 and is closely monitoring pricing, export tariffs, and ongoing CapEx needs.
-
Q2 FY 2024-25 saw 31% sales growth and 39% higher profit before tax year-over-year, led by strong domestic demand and power generation sales. Management expects double-digit revenue growth for the year, with robust performance in key segments and ongoing margin improvement initiatives.
-
Q1 FY25 saw 4% YoY sales growth and a 33% rise in profit before tax, with gross margins at a five-year high. Domestic demand remains robust, exports are recovering, and the CPCB IV+ transition is complete, supporting a double-digit growth outlook.