Cummins India To Clock Double-Digit Growth In Q4, FY26, Says MD After Strong Q3 Results

Cummins India expects to clock double-digit growth in Q4 as well as in FY26, led by strong performance in the power generation sector, according to the company’s Managing Director Shveta Arya.

Cummins India posted a strong financial result in Q3, with revenue growing 21.8% year-on-year to Rs 3,096.15 crore, compared to Rs 2,541.38 crore. Ebitda rose 10% to Rs 597.57 crore, while the margin stood at 19.3%, down from 21.3% last year. The company’s net profit increased by 12% to Rs 558.46 crore, up from Rs 498.91 crore in the same quarter last year.

Talking to NDTV Profit, Arya shared the near-term growth outlook of Cummins India.

“For the fourth quarter of the full financial year this year, we maintain that we will see double-digit growth in our revenue. And for the next financial year, we see positive domestic demand,” she said.

The export business of the company, which is a “mixed bag” right now depending on the situation in each country, will also show some “positive moves”, as per the top executive.

The company's export business, currently a “mixed bag”, is expected to show some “positive moves,” according to the top executive.

“We see our exports also showing some positive moves. Although it is a wait-and-watch situation because of the tariffs, our endeavour will be to maintain double-digit growth in the next financial year as well,” Arya said.

Cummins India's power generation, industrial, and aftermarket segments will continue to be driven by strong demand, helping the company maintain double-digit revenue growth in FY26, she mentioned.

“With the segments in which we operate—the power gen, the industrial, and the aftermarket—based on what we see from a demand perspective and the infrastructure spend in the country, we maintain the outlook on double-digit growth,” the Cummins India MD said.

According to Arya, data centres, critical power, commercial realty and the industrial market continue to be demand drivers for the company, particularly in the power generation segment.

“For our power generation segment, data centres continue to be a demand driver. So does the mission-critical power segment, the segment that requires power for applications, which are like hospitals and others. So that demand continues,” she said.

“Commercial realty as a segment in the power generation space continues to show steady demand. On the other hand, our industrial market as well, where mining or rail with infrastructure spending in the country, capital expenditure that happens in these spaces, we will continue to see demand,” the top executive added.

Shares of Cummins India Ltd. closed 3.22% lower at Rs 2,869.65 on the NSE on Friday, while the benchmark Nifty 50 ended 0.18% at 23,559.95 points.