Guidance ledger · Q3 FY26

Cummins India Limited CUMMINSIND

4 revisions on record · 0 lowered · 4 raised — the strikethrough is what management used to say

directional guidance only · held across quarters

Holding view → · latest concall · The pulse

↑ raised FY26 revenue growth Q4 FY25 → Q3 FY26

~~double-digit (cautiously optimistic)~~ → double-digit (supported by demand across key segments)

“we expect to have double-digit revenue growth over the previous fiscal year, which is supported by demand across all our key segments”

↑ raised FY27 domestic growth Q4 FY25 → Q3 FY26

~~not specified~~ → double-digit target (domestic only; exports refused)

“For the domestic growth, I can say that for financial year”

↑ raised Data center share of Powergen Q4 FY25 → Q3 FY26

~~not disclosed~~ → ~25% on average; H1 25-30%; Q2 peak 40%

“data center contribution overall for our business stays around 25% of the Power Gen revenue”

↑ raised CPCB IV+ Powergen volume tracking Q4 FY25 → Q1 FY26

~~80-85% of CPCB II volumes~~ → Back to pre-CPCB IV+ era volumes

“Across the range in the power gen market, the volumes are now back to pre CPCB IV”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.