Cummins India Q4 FY26 profit jumps 25%, dividend Rs 46

What Cummins India reported for Q4 FY26

Cummins India announced its financial results for the quarter ended March 31, 2026 (Q4 FY26) on May 27. The key takeaway was a sharp year-on-year rise in profit, along with a sizeable dividend recommendation for FY26. The company reported both standalone and consolidated numbers that indicated double-digit growth on profit and income/revenue lines. Alongside results, the board approved a final dividend proposal that, if cleared at the upcoming AGM, would be paid by early September 2026. The record date for the final dividend has been fixed for mid-July 2026.

Standalone Q4 FY26: profit up 24.69% YoY

On a standalone basis, Cummins India’s net profit rose 24.69% year-on-year to Rs 650.12 crore in Q4 FY26. In the year-ago quarter (Q4 FY25), standalone net profit was Rs 521.37 crore. The company’s total income increased 21.5% to Rs 3,242.70 crore for the quarter ended March 31, 2026. Expenses also moved higher, tracking the rise in activity during the period.

Standalone costs and pre-tax metric

Cummins India reported total expenses of Rs 2,422.55 crore in Q4 FY26, up 21.85% year-on-year. Profit before exceptional items and tax came in at Rs 820.15 crore, compared with Rs 680.69 crore in Q4 FY25. These figures show that while costs rose materially, profitability increased in absolute terms as well, resulting in a higher bottom line.

Consolidated Q4 FY26: PAT up 22.66% YoY

On a consolidated basis, Cummins India reported profit after tax (PAT) of Rs 649.46 crore for Q4 FY26, up 22.66% from Rs 529.50 crore in Q4 FY25. Consolidated revenue from operations for the quarter rose 22.04% to Rs 2,963.20 crore, compared with Rs 2,428.13 crore in the corresponding quarter last year. The company also reported a higher profit before tax (PBT) at the group level.

Consolidated PBT, EPS and engine business detail

For Q4 FY26, consolidated PBT increased 23.40% to Rs 851.73 crore from Rs 690.31 crore a year ago. Basic earnings per share (EPS) for Q4 FY26 stood at Rs 23.43, compared with Rs 19.10 in Q4 FY25. Cummins India also disclosed that profit before tax from the engines business rose to Rs 805.2 crore from Rs 652.7 crore in the year-ago quarter, highlighting the stronger performance within that business line.

FY26 performance: profit growth sustained across the year

For the full year, Cummins India’s standalone net profit increased 22.27% to Rs 2,330.18 crore, supported by a 17.31% rise in standalone total income to Rs 12,863.69 crore in FY26 over FY25. On a consolidated basis, the company reported FY26 PAT of Rs 2,361.75 crore, up from Rs 1,999.94 crore in FY25. Consolidated revenue from operations for FY26 increased to Rs 11,949.7 crore from Rs 10,219.2 crore in FY25.

Dividend: final Rs 46 per share, record date July 17

Along with the results, Cummins India’s board recommended a final dividend of Rs 46 per equity share (face value Rs 2 each, or 2,300%) for FY26. The final dividend recommendation is in addition to an interim dividend of Rs 20 per share declared on February 4, 2026. The final dividend is subject to shareholder approval at the ensuing Annual General Meeting (AGM). If approved, the company said the final dividend will be paid on or before September 4, 2026. For eligibility, the company has fixed Friday, July 17, 2026 as the record date.

Results versus street expectations

A CNBC-TV18 survey cited in the provided information indicated analysts had estimated profit of Rs 545.2 crore for the March quarter. With reported Q4 profit near Rs 650 crore (across standalone and consolidated PAT figures), Cummins India delivered above that estimate as cited. Another update also noted the stock moved to a record high after the results, though no price level was provided.

Key numbers at a glance

Dividend timeline and shareholder dates

Why these disclosures matter for investors

The Q4 FY26 update matters because Cummins India reported double-digit growth in both income/revenue and profits, while also raising its dividend payout for FY26. The company’s disclosure of rising expenses alongside higher profits helps readers track how operating performance translated into net profit growth during the quarter. The board’s final dividend recommendation, together with the earlier interim dividend, sets clear shareholder action dates through the record date and the AGM approval process. The quarter also included additional indicators such as EPS and engines business PBT, offering a deeper read on profitability.

Conclusion

Cummins India closed Q4 FY26 with higher standalone and consolidated profits and reported strong year-on-year growth in income and revenue from operations. The next key milestones are the shareholder vote at the ensuing AGM for the final dividend and the July 17, 2026 record date, with payment scheduled on or before September 4, 2026 if approved.