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Cummins India Margin Trend — Quarter by Quarter

Cummins India's EBITDA margin moved from 20.0% in Q1 FY25 to 21.0% in Q3 FY26 across 7 quarters. Management commentary below explains the cost and pricing drivers mentioned on calls.

EBITDA Margin by Quarter

QuarterEBITDA Margin (%)YoY Change
Q3 FY2621.0%
Q2 FY2622.0%
Q1 FY2621.0%
Q4 FY2521.0%
Q3 FY2519.0%
Q2 FY2519.0%
Q1 FY2520.0%