Cummins India Q2 results: Net profit falls 27% to ₹467 cr, sales rise 4%
Cummins India moved lower in a quarterly results development for FY27.
· BS Companies
Cummins India on Thursday reported a 27 per cent year-on-year dip in profit after tax at Rs 467 crore in the September quarter of FY27. The company had posted a PAT of Rs 638 crore in the second quarter of the financial year ended March 2026.
Key facts
- Period
- FY27 and Q2FY26
The analysis
Cummins India reported ₹467 cr, Rs 467 crore and Rs 638 crore for FY27, with movement of 4%, 5% and 2% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -12.5% on the day at ₹4,135.00, and has returned -14.8% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The capital goods & engineering sector has moved -5.2% over the same period, so Cummins India is running 9.6 points behind its peers.
For Cummins India, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Market context
- In focus: Cummins India (CUMMINSIND), in Capital Goods & Engineering.
- Over three months: Cummins India -14.8% against Capital Goods & Engineering -5.2% (9.6 points behind).
- At least 25% below the 52-week high: Cummins India (31%).
- Trading well above normal today: Cummins India at 12.7 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Cummins IndiaCUMMINSIND · Capital Goods & Engineering | ₹4,135.00 | -12.5% | -2.8% | -14.8% | -31.4% | 12.7× | — |
Capital Goods & Engineering
1M -6.4% · 3M -5.2%
Cummins India
Financial Services
1M -2.8% · 3M -12.4%
Prices as of 5 Nov 2026, 15:22 IST. Sector moves are the average of the stocks we track in each sector.
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