Cummins India Limited — Q1FY27 earnings call summary

Filed 11 August 2026 · Official transcript

Q1 FY27 sales at INR 3,375 Cr, +18% y-y; domestic sales +22%, exports flat
Commodity inflation impacted margins; one price hike taken in Q2 with ongoing market assessment
Capex steady; utilization at 70-75%; BESS orders in pipeline
Management focused on operational efficiency, cost management, and supply chain resilience
Profit before tax before exceptional items INR 721 Cr, marginally lower by 0.7% y-y
Power gen domestic sales strong: +35% y-y; data centers contributed 40% of power gen revenue
Distribution business growth potential remains strong; retrofit and service contracts key drivers
Export growth led by Europe and Asia Pacific; Middle East impacted by geopolitical issues