Cummins India Q2 Results FY27: 4 Nov Date and Profit Base

Earnings · Cummins India Limited

Cummins India is listed to report its September-quarter numbers on 4 November 2026. Here are the date check, the high profit base, the Q1 dip, the standalone and consolidated lines that must not be mixed, and the figures to read first.

Updated: Sunday, 1 November 2026, 3:50 PM IST  |  Reading time: 19 min  |  Next update: Wednesday, 4 November 2026, after the exchange filing

Latest update (Sunday, 1 November 2026, 3:50 PM IST): The results are not out. Kotak Neo’s weekly list shows Cummins India for Wednesday, 4 November; the date rests on that one report and the filing time is not announced. This page becomes the live analysis after the filing.

Earlier entries:

• Friday, 30 October 2026, 6:00 PM IST: Kotak Neo listed Cummins India among Wednesday’s results.
• Thursday, 6 August 2026: Q1 FY27 results were reported.

In plain words: Before the Cummins India Q2 results arrive, remember that the company makes engines, generators and power systems, and sells them in India and abroad. Last September was an unusually strong quarter, so the comparison is hard. A preview tells you which figures to hold the new numbers against.

Data note: Figures are as of Sunday, 1 November 2026, 3:50 PM IST. The results date comes from one weekly list; the filing itself was not opened for this page. Base figures are company results as reported by Business Standard and Kotak Neo. Derived numbers are my calculation.

When are the Cummins India Q2 results?

The Cummins India Q2 results date is listed as Wednesday, 4 November 2026. The date rests on one weekly list, so confirm it on the exchange page.

Kotak Neo’s weekly list, posted at 6:00 PM IST on 30 October 2026, names Cummins India among Wednesday’s results, and says dates are based on announced board-meeting schedules and may change. I found no second report that quotes the intimation, so treat the date as likely but unconfirmed.

Last year Business Standard published its Q2 FY26 report at 10:16 AM IST on 7 November 2025, so the results came out by that morning (my inference). Q1 FY27 was reported on 6 August 2026. The filing time is not announced. Do not trust a screenshot that claims a time before the exchange page shows it.

What will Cummins India publish?

Cummins India will publish unaudited standalone and consolidated results for the quarter and half-year ended 30 September 2026. Business Standard quotes the standalone numbers, while Kotak Neo’s page shows the consolidated numbers, so two sets circulate for the same quarter.

Is the date confirmed?

Cite this table: PositionalCalls, “Cummins India Q2 FY27 Date Check, as of 1 November 2026”.

Treat any article that gives another date for the Cummins India Q2 results as unreliable until you see the filing.

What is the base to beat for the Cummins India Q2 results?

The base to beat is Q2 FY26 standalone profit of Rs 637.69 crore on revenue of Rs 3,121.58 crore, against Rs 543 crore and Rs 3,375 crore in Q1 FY27.

Cite this table: PositionalCalls, “Cummins India Base-to-Beat Table, as of 1 November 2026”.

Cummins India net profit Q2 FY27: the flat-quarter sum

Here is the first useful sum. Q1 FY27 sales of Rs 3,375 crore are +8.1% above Q2 FY26’s Rs 3,121.58 crore, but Q1 profit of Rs 543 crore is -14.8% against Rs 637.69 crore, and profit before exceptional items of Rs 721 crore is -14.1% against Rs 839.43 crore (my calculations). A flat quarter would therefore show lower profit than last year, because last September was very strong.

How was the Q2 FY26 base built?

Business Standard reported profit up 41.51%, sales up 27.49%, domestic sales up 28% and exports up 24%. The margin was high: profit before exceptional items was 26.9% of sales (839.43 divided by 3,121.58, my calculation), against 21.4% in Q1 FY27. The shares still rose only 1.18% to Rs 4,368 on the day.

Cummins India Q2 results preview: what to expect

No consensus estimate was found for Q2 FY27. The preview rests on the base figures and on the Q1 FY27 trend: strong domestic sales, flat exports and a lower margin.

Cite this table: PositionalCalls, “Cummins India Q2 FY27 Q1 Marks, as of 1 November 2026”.

Business Standard headlined the Q1 outcome as muted, and the shares fell about 1% to Rs 5,385.60 on the day. A separate summary of the same quarter described the profit as down year on year on the standalone basis, so the Q1 trend is a slowdown in profit even as sales grew.

Cummins India EBITDA Q2 FY27: what to expect

Kotak Neo’s page lists Q1 FY27 EBITDA of Rs 753.5 crore in a FAQ, but that page’s own table does not reconcile profit before tax and profit after tax, so I treat the figure as unverified. On total income of Rs 3,563.35 crore it would be about 21.1% (my calculation). Read EBITDA from the filing and not from a summary.

How did the shares react to Q1?

The shares fell about 1% to Rs 5,385.60 on the Q1 release day, against a rise of 1.18% to Rs 4,368 after the Q2 FY26 results. Those are reactions to what the market expected, not forecasts of Q2 FY27.

Cummins India profit Q2 FY27: scenarios

These Cummins India Q2 results scenarios are arithmetic, not forecasts. A flat Q1 profit would be -14.8% on Q2 FY26.

Assumptions: standalone; Q2 FY26 sales Rs 3,121.58 crore; sales growth of 8%, 12% and 16% is my illustration around Q1’s 8.1% rise over the Q2 FY26 base and its 18% YoY growth; profit-before-tax margins of 21.4%, 24.0% and 26.9% run from Q1 FY27 to last September; profit after tax uses the Q1 FY27 ratio of 543 to 721, about 75.3%.

Cite this table: PositionalCalls, “Cummins India Q2 FY27 Profit Scenarios, as of 1 November 2026”.

Three worked examples

• Margin as in Q1: sales +12% is Rs 3,496 crore and a 21.4% margin gives PBT of Rs 748 crore and PAT of about Rs 563 crore, which is -12% on Rs 637.69 crore (my calculation).
• Margin in between: 24.0% gives PAT of about Rs 632 crore, -1%.
• Margin as last September: 26.9% gives about Rs 708 crore, +11%.

The scenarios hold other lines constant. In practice other income, exceptional items, tax and the exchange rate sit between sales and profit, and the margin can swing with the product mix.

Which Cummins India figures should you compare?

When you compare the Cummins India Q2 results with last year, match standalone with standalone. Standalone and consolidated figures differ and both circulate.

Cite this table: PositionalCalls, “Cummins India Definition-Trap Table, as of 1 November 2026”.

A headline that says profit is flat compares consolidated Rs 609.30 crore with Rs 603.90 crore a year earlier (+0.9%). A headline that says profit fell compares standalone Rs 543 crore with last year’s standalone figure. Both can be correct, and neither compares with Rs 637.69 crore unless it is the standalone line.

The company’s Q1 FY27 standalone profit of Rs 543 crore is lower than the consolidated Rs 609.30 crore by about Rs 66 crore (my calculation), so the gap is large enough to change the growth rate you report.

EBITDA versus profit

EBITDA is earnings before interest, tax, depreciation and amortisation. It leaves out finance cost, depreciation and tax, and other income can lift profit before tax without raising EBITDA.

The estimate base trap

A growth rate applied to Rs 637.69 crore and to a consolidated base gives two different profits. Check which line and which quarter an estimate uses before you compare it with the table above.

What do domestic sales, exports and margin need to show?

In the Cummins India Q2 results, domestic sales of Rs 2,854 crore and a margin near 21% are the Q1 marks; exports must recover from Rs 521 crore to match last September.

Cite this table: PositionalCalls, “Cummins India Domestic and Export Marks, as of 1 November 2026”.

Expenses rose faster than income in Q1 FY27 on Kotak Neo’s consolidated table (22.8% against 17.2%), which fits the margin squeeze described by Business Standard.

For Q2 FY27, domestic growth of 28% last September sets a hard comparison, and exports need to recover for the total to grow strongly.

Which other results land the same week as Cummins India?

Kotak Neo’s weekly list shows Apollo Hospitals, Dabur, BSE, Exide Industries and NHPC on Wednesday too, with Berger Paints on Thursday and Hindalco on Friday.

The list is partial and dates may change. For the format of a results read, see our recent posts on Apollo Hospitals Q2 results, Divi’s Laboratories Q2 results and Berger Paints Q2 results. They cover other companies, so only the method carries over. The Q2 results calendar and the earnings calendar list the companies that have reported.

If you hold Cummins India shares and plan to sell later, our guide to capital gains tax on shares covers how gains are taxed. It is general information, not tax advice.

How to read the Cummins India Q2 results in 10 minutes

To read the Cummins India Q2 results quickly, go through seven lines in order: sales, domestic and export split, profit before tax, profit after tax, consolidated line, margin and the notes.

Cite this table: PositionalCalls, “Cummins India Results-Day Decoder, as of 1 November 2026”.

How to read the Cummins India filing on NSE or BSE

Open the exchange announcement, find the standalone statement first and compare each line with the base table above, same measure, same basis.

1. Open the BSE corporate announcements page or the NSE corporate filings page and search for Cummins India.
2. Choose the financial results announcement for the quarter ended 30 September 2026.
3. Find the standalone statement first, then the consolidated.
4. Check the unit and whether a column is for the quarter or six months.
5. Read revenue, profit before exceptional items and tax, and profit after tax.
6. Find the domestic and export sales split in the press release.
7. Check the notes for exceptional items.
8. Compare every figure with the base table.

What it costs: reading a filing is free. If you trade the stock, brokerage, securities transaction tax and other charges apply, so check your broker’s current schedule. Tax angle: dividends and gains follow the current tax rules, so see our guide to capital gains tax on shares or ask a tax adviser. Scam warning: on results day, fake “result alert” groups and sure-shot tips circulate. Nobody can guarantee a gain, and official filings are free.

What is the results-day checklist for Cummins India?

• Confirm the date on the BSE or NSE announcement page.
• Note the filing time and stamp what you read with it.
• Open the standalone statement of the Cummins India Q2 results before any headline.
• Compare sales with Rs 3,121.58 crore and Rs 3,375 crore.
• Check whether a profit number is standalone or consolidated.
• Compare standalone profit with Rs 637.69 crore and Rs 543 crore.
• Check domestic and export sales.
• Check the notes for one-off items.
• Write your own plan before the price moves.

What are the risks around the Cummins India Q2 results?

How to grade Cummins India’s September-quarter numbers: a reading guide

Use the table to grade the Cummins India Q2 results as a reading aid, not a forecast. The cut-offs are my illustration, built from the Q1 FY27 and Q2 FY26 marks.

Assumptions: standalone; Q2 FY26 sales Rs 3,121.58 crore and profit Rs 637.69 crore; Q1 FY27 profit Rs 543 crore is the lower mark.

Cite this table: PositionalCalls, “Cummins India Q2 FY27 Reading Guide, as of 1 November 2026”.

Worked example: suppose sales are Rs 3,500 crore and standalone profit Rs 600 crore. Sales would be up +12.1% (3,500 divided by 3,121.58), profit would be -5.9% on Rs 637.69 crore and +10.5% on Q1 FY27 (my calculation). Sales would read stronger and profit in line, even though profit is lower than last September, which is easy to mistake for weakness.

A strong reading describes the quarter only. It is not a signal to buy, sell or hold, and a weak one is not a signal either. Prices react to many things, including what the market already expected.

The guide to the Cummins India Q2 results uses standalone figures throughout. If a headline quotes consolidated profit, compare it with the consolidated base and say so when you share the number. Mixing the two is a common error on results day, because the company reports both.

What do most people miss on Cummins India results day?

Analyst’s note: how to think about this quarter

Part of the earnings coverage.

Cummins India Q2 results: frequently asked questions

Sources

• BSE corporate announcements: where the Cummins India filing appears.
• NSE corporate filings: financial results: the same filing on NSE.
• Kotak Neo: Q2 results this week, 30 October 2026.
• Business Standard: Cummins India slips after muted Q1 outcome, 6 August 2026.
• Kotak Neo: Cummins India Q1 FY27 results, August 2026.
• Business Standard: Cummins India gains after Q2 PAT climbs 42%, 7 November 2025.

Disclosure: PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. PositionalCalls is an independent research and education site founded by Shubham Chaudhary. Nothing here is a recommendation, target or investment advice. How I researched this: I checked the results date in one weekly list, took base figures from company results as reported by Business Standard and Kotak Neo, noted where sources differ, and marked every derived number as my calculation. Figures are as of Sunday, 1 November 2026, 3:50 PM IST.