Cummins India FY26: AGM on Aug 6, dividend Rs 46

Key update: AGM date and dividend proposal

Cummins India Limited has informed the exchange that its 65th Annual General Meeting (AGM) will be held on August 6, 2026. The company also announced a final dividend of Rs 46 per equity share. The dividend update comes alongside a set of FY26 and Q4 FY26 financial disclosures released on May 29, 2026.

For FY 2025-26, the board recommendation on the final dividend is in addition to an interim dividend of Rs 20 per share declared earlier. Taken together, the disclosures position the AGM as a key near-term event for shareholders, as it is the meeting at which shareholder approvals and formal adoption of annual outcomes are typically taken up.

FY26 sales: 18% growth led by domestic demand

Cummins India reported total annual sales of Rs 11,950 crore for FY26, representing an 18% year-on-year increase. Domestic sales rose 19% to Rs 9,961 crore, while export sales increased 12% to Rs 1,989 crore. The company’s earnings summary described FY26 as a year of record revenue and profitability, supported by strong domestic and export demand.

In the same set of materials, consolidated revenue from operations for FY 2025-26 was reported at Rs 11,949.73 crore, up from Rs 10,219.24 crore year-on-year. The consolidated revenue figure is broadly consistent with the reported annual sales number, with the difference reflecting rounding and reporting formats.

Profit before tax rises, even after exceptional items

On profitability, profit before tax (PBT) excluding exceptional items rose 24% year-on-year to Rs 3,104 crore. Profit before tax including exceptional items increased 22% year-on-year to Rs 3,054 crore. The FY26 earnings summary highlighted the increase in profitability alongside the revenue growth.

The company also stated that audited standalone and consolidated financial results for the year ended March 31, 2026 were approved with an unmodified audit opinion. That detail is important for investors tracking the quality of reported earnings and the status of the annual audit process.

Segment snapshot: distribution and industrial business trends

Cummins India disclosed key segment-level sales for FY26. Distribution business sales stood at Rs 3,278 crore, up 22% year-on-year. Industrial domestic business sales were Rs 1,650 crore, showing a 1% decline year-on-year.

On exports, high horsepower exports were Rs 984 crore, up 20% year-on-year, while low horsepower exports were Rs 807 crore, up 3% year-on-year. These figures provide a directional view of demand across export categories, with stronger growth in high horsepower exports compared with low horsepower exports.

Q4 FY26 performance: higher sales and PBT

For Q4 FY26, quarterly sales were reported at Rs 2,963 crore, up 23% compared to the same quarter last year. Quarterly domestic sales were Rs 2,513 crore, a 30% year-on-year increase.

Quarterly profit before tax (including exceptional items) for Q4 FY26 was Rs 852 crore, reflecting a 25% increase year-on-year. Within domestic segments, power generation domestic sales in Q4 FY26 were Rs 1,294 crore, up 48% year-on-year.

Some Q4 sub-line items in the provided material were partially redacted or incomplete (such as quarterly export sales and PBT excluding exceptional items). This article therefore limits itself to the figures that were clearly stated.

Dividend details: final Rs 46 plus interim Rs 20

The company informed the exchange about a final dividend of Rs 46 per equity share for FY 2025-26. The earnings summary also noted that this is in addition to an interim dividend of Rs 20 per share declared earlier.

Dividend announcements matter for market participants because they translate reported profitability into shareholder distributions. The final dividend, if approved, would formalise the full-year payout framework communicated by the board.

AGM calendar: August 6, 2026 is the key date

The stated date for the 65th AGM is August 6, 2026. In the same compilation of company event information, the AGM date also appears in an “upcoming events” list.

For context on scheduling, earlier company communication included an example of the 63rd AGM being scheduled on August 7, 2024 at 10:00 a.m. (IST) through video conferencing/other audio-visual means. That historical reference does not confirm the format of the 65th AGM, but it highlights that the company has previously conducted AGMs via VC/OAVM.

Stock move and market context

The provided market snapshot showed Cummins India Ltd. share price moved down by 2.79% from its previous close of Rs 4,649.70. The stock last traded price was reported at Rs 4,520.00.

Separately, a “Next earnings date” line indicated Q1 26/27 on August 7, 2026. This is close to the AGM date in the same week, which may keep investor attention focused on management commentary and scheduled corporate events.

Key numbers at a glance

Why the FY26 update matters for investors

The FY26 disclosures show a combination of strong top-line growth and higher profit before tax, with both PBT measures (before and after exceptional items) rising more than 20% year-on-year. Domestic sales growth of 19% and export growth of 12% indicate that the growth was broad-based, not limited to a single geography.

At the same time, segment indicators show a mixed picture, with distribution business sales growing 22% while industrial domestic business sales declined 1%. For investors, that split is often useful in assessing which parts of the portfolio are expanding faster and which areas may be facing softer demand.

What to watch next

The immediate milestone is the 65th AGM on August 6, 2026. Separately, the event list also points to the next earnings date as August 7, 2026 for Q1 26/27. Investors will likely track AGM outcomes, dividend approval status, and subsequent scheduled disclosures tied to the next quarterly cycle.