Integrated Filing — IndAS



General information about company

Scrip Code 500480
NSE Symbol CUMMINSIND
MSEI Symbol NOTLISTED
ISIN INE298A01020
Name of company Cummins India Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 27-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 27-05-2026   12:30:00
End date and time of board meeting 27-05-2026   13:55:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 3,01,118.00 12,14,319.00
Other income 14,471.00 51,734.00
Total income 3,15,589.00 12,66,053.00
2 Expenses
(a) Cost of materials consumed 1,70,748.00 6,96,448.00
(b) Purchases of stock-in-trade 19,835.00 80,968.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 2,020.00 (10,565.00)
(d) Employee benefit expense 19,635.00 79,468.00
(e) Finance costs 243.00 1,241.00
(f) Depreciation, depletion and amortisation expense 5,109.00 19,856.00
(f) Other Expenses
1 Other Expenses 24,665.00 1,08,509.00
Total other expenses 24,665.00 1,08,509.00
Total expenses 2,42,255.00 9,75,925.00
3 Total profit before exceptional items and tax 73,334.00 2,90,128.00
4 Exceptional items 3,234.00 (8,161.00)
5 Total profit before tax 76,568.00 2,81,967.00
6 Tax expense
7 Current tax 19,315.00 71,893.00
8 Deferred tax 912.00 527.00
9 Total tax expenses 20,227.00 72,420.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 56,341.00 2,09,547.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 8,605.00 26,628.00
16 Total profit (loss) for period 64,946.00 2,36,175.00
17 Other comprehensive income net of taxes 598.00 2,065.00
18 Total Comprehensive Income for the period 65,544.00 2,38,240.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 64,946.00 2,36,175.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 65,544.00 2,38,240.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 5,544.00 5,544.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 8,41,972.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 23.43 85.2
Diluted earnings (loss) per share from continuing operations 23.43 85.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 23.43 85.2
Diluted earnings (loss) per share from continuing and discontinued operations 23.43 85.2
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,36,776.00
Capital work-in-progress 7,740.00
Investment property 90,668.00
Goodwill 0.00
Other intangible assets 10,892.00
Intangible assets under development 2,031.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 60,209.00
Non-current financial assets
Non-current investments 270.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 1,820.00
Total of other non-current financial assets 1,820.00
Total non-current financial assets 2,090.00
Deferred tax assets (net)
Other non-current assets
1 Income tax assets (net) 54.00
2 Other non-current assets 8,943.00
Total of other non-current assets 8,997.00
Total non-current assets 3,19,403.00
2 Current assets
Inventories 1,16,845.00
Current financial asset
Current investments 1,54,843.00
Trade receivables, current 2,75,427.00
Cash and cash equivalents 50,001.00
Bank balance other than cash and cash equivalents 1,87,406.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 6,677.00
Total current financial assets 6,74,354.00
Current tax assets (net)
Other current assets
1 Other current assets 19,459.00
Total of other current assets 19,459.00
Total current assets 8,10,658.00
3 Non-current assets classified as held for sale 360.00
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 11,30,421.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 5,544.00
Other equity 8,41,972.00
Total equity attributable to owners of parent 8,47,516.00
Non controlling interest
Total equity 8,47,516.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 2,003.00
2 Other non-current financial liabilities 4,180.00
Total of other non-current financial liabilities 6,183.00
Total non-current financial liabilities 6,183.00
Provisions, non-current 20,882.00
Deferred tax liabilities (net) 9,607.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 2,263.00
Total of other non-current liabilities 2,263.00
Total non-current liabilities 38,935.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 9,266.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,55,732.00
Total Trade payable 1,64,998.00
Other current financial liabilities
1 Lease liabilities 1,648.00
2 Other current financial liabilities 24,150.00
Total of other current financial liabilities 25,798.00
Total current financial liabilities 1,90,796.00
Other current liabilities 29,225.00
1 Other current liabilities 29,225.00
Total of other current liabilities 29,225.00
Provisions, current 18,393.00
Current tax liabilities (Net) 5,556.00
Deferred government grants, Current
Total current liabilities 2,43,970.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 2,82,905.00
Total equity and liabilites 11,30,421.00
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) Please refer quick results uploaded on the BSE and NSE website. Exceptional items during the year ended March 31, 2026, pertain to gain on sale of 100 percent stake in its wholly owned subsidiary, namely, Cummins Sales and Service Private Limited CSSPL amounting to Rs. 12.59 Cr. and Rs. 44.15 Cr. in consolidated financial results and standalone financial results respectively. Consequent to the transfer of 100% of its shares, CSSPL ceased to be a subsidiary of the Company effective April 1, 2025, pursuant to the requisite approvals. This statement has been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on May 27, 2026. The amounts pertaining to the quarters ended March 31, 2026 and March 31, 2025 are the balancing amounts between the audited amounts for the year ended March 31, 2026 and March 31, 2025 and unaudited amounts for the nine months ended December 31, 2025 and December 31, 2024 respectively. The Government of India, on November 21, 2025, notified the four Labour Codes Code on Wages, 2019 Industrial Relations Code, 2020 Code on Social Security, 2020 and Occupational Safety, Health and Working Conditions Code, 2020 subsuming 29 existing labour laws. Based on initial assessment and best available information, the Company had recorded an impact of Rs 126.54 crore in the quarter ended December 31, 2025. Based on subsequent assessment, the Company has reversed the impact of Rs 32.34 crore for the quarter ended March 31, 2026 resulting in a net expense of Rs 94.20 crore for the year ended March 31, 2026. As this impact is material, regulatory driven, and non recurring, the same is presented under Exceptional Items in the consolidated and standalone financial results for the quarter ended December 31, 2025 and quarter and year ended March 31, 2026. The impact corresponding to joint venture and associate amounting to a net expense of Rs 8.36 crore for the year ended March 31, 2026 has been reported under Share of profit of joint venture and associate after tax in the consolidated financial results. The Company continues to monitor the Central / State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed. 'The Board of Directors of the Company at its meeting held on May 27, 2026 recommended payment of final dividend of Rs 46.00 per share on 277,200,000 shares of Rs 2 each fully paid up for the year ended March 31, 2026 March 31, 2025 Rs 33.50 per share. This is in addition to the interim dividend declared on February 4, 2026 of Rs 20.00 per share on 277,200,000 shares of Rs 2 each fully paid-up for the year ended March 31, 2026 March 31, 2025 Rs 18.00 per share. On a review of all the relevant aspects including, in particular, the system of internal financial reporting to the Board of Directors, which is the Chief Operating Decision Maker CODM, and considering the economic characteristics of the operations, the Group is of the view that it operates in two segments viz. Engines and Lubes. Lubes segment comprises of a joint venture viz. Valvoline Cummins Private Limited, which is accounted for as per equity method under relevant Ind AS. The CODM evaluates the Group's performance based on an analysis of various parameters. Engine segment comprises of Cummins India Limited and other Group Companies which have been aggregated considering the nature of products, class of customer etc.



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Engines 2,96,320.00 11,94,973.00
2 Lubes 92,136.00 3,00,910.00
Total Segment Revenue 3,88,456.00 14,95,883.00
Less: Inter segment revenue 92,136.00 3,00,910.00
Revenue from operations 2,96,320.00 11,94,973.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Engines 80,519.00 2,97,334.00
2 Lubes 4,654.00 11,261.00
Total Profit before tax 85,173.00 3,08,595.00
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 85,173.00 3,08,595.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Engines 11,30,421.00 11,30,421.00
2 Lubes 0.00 0.00
Total Segment Asset 11,30,421.00 11,30,421.00
Un-allocable Assets 0.00 0.00
Net Segment Asset 11,30,421.00 11,30,421.00
4 Segment Liabilities
Segment Liabilities
1 Engines 2,82,905.00 2,82,905.00
2 Lubes 0.00 0.00
Total Segment Liabilities 2,82,905.00 2,82,905.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 2,82,905.00 2,82,905.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement (loss) / gain on defined benefit plans 664.00 2,559.00
2 Share in joint venture's and associate's OCI after tax (net) 182.00 241.00
Total Amount of items that will not be reclassified to profit and loss 846.00 2,800.00
2 Income tax relating to items that will not be reclassified to profit or loss 167.00 644.00
3 Amount of items that will be reclassified to profit and loss
1 Changes in the fair value of financial instruments (108.00) (121.00)
Total Amount of items that will be reclassified to profit and loss (108.00) (121.00)
4 Income tax relating to items that will be reclassified to profit or loss (27.00) (30.00)
5 Total Other comprehensive income 598.00 2,065.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,81,967.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,241.00
Adjustments for decrease (increase) in inventories (14,621.00)
Adjustments for decrease (increase) in trade receivables, current (46,010.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (4,943.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (1,493.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 5,787.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 6,323.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 19,856.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (1,742.00)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 6,390.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (177.00)
Adjustments for dividend income 0.00
Adjustments for interest income 18,850.00
Adjustments for share-based payments 1,438.00
Adjustments for fair value losses (gains) 233.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (7,469.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 8,118.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (45,919.00)
Net cash flows from (used in) operations 2,36,048.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 62,622.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,73,426.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 434.00
Purchase of property, plant and equipment 25,171.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 270.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 21,675.00
Interest received 18,850.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (14,019.00)
Net cash flows from (used in) investing activities 1,499.00
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 911.00
Dividends paid 1,48,302.00
Interest paid 292.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (1,49,505.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 25,420.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 1,082.00
Net increase (decrease) in cash and cash equivalents 26,502.00
Cash and cash equivalents cash flow statement at beginning of period 23,499.00
Cash and cash equivalents cash flow statement at end of period 50,001.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse & Co Chartered Accountants LLP Yes 30-11-2026