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HomeMarket NewsCummins India Q4 Results: Stock jumps 9% after earnings beat; Dividend payout highest ever
Cummins India's final dividend is subject to approval from shareholders at the upcoming Annual General Meeting (AGM) of the company and will be paid to eligible shareholders on or before September 4, 2026.
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Shares of Cummins India Ltd. gained as much as 9% on Wednesday, May 27, in response to its March quarter results, that were better than what the street had anticipated.
Net profit for the quarter grew by 25% from last year to ₹650 crore. The figure was higher than the CNBC-TV18 poll of ₹545.2 crore.
Revenue for the quarter stood at ₹3,011 crore, also higher than the CNBC-TV18 poll figure of ₹2,824.3 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹642 crore, which is a growth of 23.4% from last year, while margins remained steady at 21.3% from 21.2% a year-ago. The EBITDA figure was also higher than expectations.
Additionally, the board of the company has also approved a final dividend of ₹46 per share for financial year 2026. This is in addition to the interim dividend of ₹20 that the company had announced in February this year.
The final dividend is subject to approval from shareholders at the upcoming Annual General Meeting (AGM) of the company and will be paid to eligible shareholders on or before September 4, 2026.
This is the highest dividend payout on record for the company.
Shares of Cummins India are trading 8% higher at ₹5,854 after the results announcement. The stock is trading at record high levels. The stock is now up 31% so far this year.
