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Revenue
₹3,096 Cr
verified against source
Revenue YoY
22%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Cummins India delivered a strong Q3 FY25 with revenue of INR 3,041 crores, up 22% YoY, driven by robust domestic demand across Power Gen, Industrial, and Distribution segments. Domestic sales grew 18% YoY to INR 2,577 crores, while exports surged 43% YoY to INR 464 crores. The Power Gen segment benefited from data center and mission-critical infrastructure demand, with High Horsepower sales reaching INR 893 crores. Industrial segment growth was led by construction, rail, and mining. Management expects double-digit revenue growth for FY25. Pricing for CPCB IV+ products is still settling, with another 1-2 quarters expected. Gross margins were impacted by product mix and a one-time benefit in the base quarter. Risks include potential pricing pressure as competition launches products and geopolitical uncertainties affecting exports.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects full-year revenue growth to be double-digit over FY24.
- Pricing for CPCB IV+ products will take another 1-2 quarters to stabilize.
- CapEx will be added as needed for manufacturing capability and new product introductions.
Risks flagged
- Competitors have launched CPCB IV+ products; pricing may compress as market settles.
- U.S. tariffs and global uncertainties could affect export demand; evaluation ongoing.
- Construction demand may be cyclical; backlog cleared but base demand uncertain.
Key quotes
- We have been able to maintain our pricing.
- Data center demand continues to grow, and we are continuing to see the movement in the orders coming in.
- The endeavor is to continue improving the margins.
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