Cummins India Revenue History — Quarter by Quarter

Cummins India's revenue moved from ₹2,316 Cr in Q1 FY25 to ₹3,055 Cr in Q3 FY26, a 31.9% change over 7 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q3 FY26	₹3,055 Cr	-1%
Q2 FY26	₹3,170 Cr	+28%
Q1 FY26	₹2,907 Cr	+26%
Q4 FY25	₹2,470 Cr	+6%
Q3 FY25	₹3,096 Cr	+22%
Q2 FY25	₹2,509 Cr	+31%
Q1 FY25	₹2,316 Cr	+4%

What management said about revenue

Q3 FY26 · Double-digit revenue growth for FY26

Management expects double-digit revenue growth over previous fiscal year, supported by demand across key segments.

Q3 FY26 · Target double-digit domestic growth for FY27

Domestic business targets double-digit growth in FY27, driven by infrastructure and data center demand.

Q2 FY26 · Double-digit revenue growth for FY26

Management expects full-year revenue growth in double digits over FY25, despite lumpy data center execution and export softness.

Q2 FY26 · Data center execution lumpy; H2 likely lower than Q2

Data center project execution in Q2 was unusually high; management does not expect similar levels in H2.

Q2 FY26 · Export order intake softening due to inventory correction

Management sees softening in export orders in the coming quarter due to channel inventory correction in end markets.

Q1 FY26 · Double-digit revenue growth for FY26

Management expects full-year revenue growth in double digits, driven by sustained domestic demand and cautious export optimism.

Q4 FY25 · Double-digit revenue growth in FY26

Management expects overall revenue to grow at double-digit rate in FY2025-26, driven by domestic demand across power gen, distribution, and industrial segments.

Q4 FY25 · Distribution business to grow double-digit or better

Management is positive on distribution business growth, expecting it to continue at double-digit or higher rate, driven by penetration and new products.

Q3 FY25 · Double-digit revenue growth for FY25

Management expects full-year revenue growth to be double-digit over FY24.

Q2 FY25 · Double-digit revenue growth for FY25

Management expects overall revenue to grow in double digits for the full fiscal year 2024-25.

Q1 FY25 · Double-digit revenue growth for FY25

Management expects full-year revenue growth of 12-14%, in line with 2x GDP growth ambition.

Q1 FY25 · Distribution business growth sustainable for a decade

Management sees distribution business growing at >20% CAGR for at least a decade, driven by service and parts.