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TCS will help SKF create connected operating model, combining centralised, AI-enabled systems and harmonised processes

• Business Line
• 3 hours 41 minutes ago

The company plans to expand its service network to around 8,000 touchpoints by FY31 as it focuses on strengthening after-sales capabilities and customer experience.

• Business Line
• 6 hours 14 minutes ago

Industrial Machinery company Cummins India announced Q4FY26 & FY26 results Consolidated Financial Highlights Total income for Q4FY26 was recorded at Rs 3,155.89 crore, representing a growth of 21.53% YoY compared to Rs 2,596.87 crore in Q4FY25. On a QoQ basis, total income decreased marginally by 0.47% from Rs 3,170.90 crore in Q3FY26. Revenue from operations for Q4FY26 stood at Rs 3,011.18 crore, an increase of 21.89% YoY against Rs 2,470.38 crore in Q4FY25, while declining 1.43% QoQ from Rs 3,054.92 crore in Q3FY26. Profit after tax for Q4FY26 reached Rs 649.46 crore, marking a YoY growth of 22.65% from Rs 529.50 crore in Q4FY25 and a QoQ increase of 33.62% compared to Rs 486.06 crore in Q3FY26. For the full year FY26, the company reported total income of Rs 12,660.53 crore, representing a rise of 16.82% over the Rs 10,837.81 crore reported in FY25. Revenue from operations for the full year FY26 climbed to Rs 12,143.19 crore, showing a YoY growth of 16.87% compared to Rs 10,390.69 crore in FY25. Net profit for the full year FY26 was Rs 2,361.75 crore, an increase of 18.09% YoY from Rs 1,999.94 crore in FY25. Standalone Financial Highlights Total income for Q4FY26 stood at Rs 3,242.70 crore, representing a growth of 21.50% YoY compared to Rs 2,668.80 crore in Q4FY25 and an increase of 1.50% QoQ from Rs 3,194.65 crore in Q3FY26. Standalone revenue from operations for Q4FY26 was Rs 3,011.18 crore, up 22.56% YoY from Rs 2,456.89 crore in Q4FY25, though it saw a minor QoQ dip of 1.43% from Rs 3,054.92 crore in Q3FY26. Standalone profit after tax for Q4FY26 was recorded at Rs 650.12 crore, a growth of 24.69% YoY from Rs 521.37 crore in Q4FY25 and a 43.48% increase QoQ against Rs 453.10 crore in Q3FY26. For the full year FY26, standalone total income reached Rs 12,863.69 crore, marking an increase of 17.31% over the Rs 10,965.53 crore reported in FY25. Standalone revenue from operations for FY26 stood at Rs 12,143.19 crore, a rise of 17.45% YoY compared to Rs 10,339.40 crore in FY25. Net profit for the full year FY26 climbed to Rs 2,330.18 crore, showing a YoY growth of 22.27% from Rs 1,905.78 crore in FY25. Business Highlights The Board of Directors recommended a final dividend of Rs 46 per equity share (2,300%) on 27,72,00,000 fully paid-up equity shares of face value Rs 2 each for the financial year FY26. This is in addition to the interim dividend of Rs 20 per share declared on February 04, 2026. The company reported exceptional gains for FY26 totaling Rs 44.15 crore on a standalone basis and Rs 12.59 crore on a consolidated basis resulting from the sale of its 100% stake in its wholly owned subsidiary, Cummins Sales & Service Private Limited (CSSPL), which ceased to be a subsidiary effective April 1, 2025. Following the notification of four new Labour Codes by the Government of India, the company recorded a net expense impact of Rs 94.20 crore for the year ended March 31, 2026. Segment-wise Performance (Consolidated): Engines Segment: This segment reported sales of Rs 11,949.73 crore for FY26, representing a 16.93% YoY growth compared to Rs 10,219.24 crore in FY25. Profit before tax for the segment reached Rs 2,973.34 crore in FY26. Lubes Segment: Representing the full results of the joint venture Valvoline Cummins Private Limited, this segment recorded sales of Rs 3,009.10 crore for FY26, a growth of 27.92% YoY compared to Rs 2,352.27 crore in FY25. Profit before tax for the segment stood at Rs 301.19 crore for FY26. Result PDF

• Trendlyne
• 9 hours 31 minutes ago