Cummins India shares crash 15% after Q2 net profit falls 19% YoY, margins take 680 bps hit

Cummins India shares plunged after the company reported a 19% year-on-year decline in Q2FY27 net profit, while EBITDA margin contracted sharply. Higher commodity and freight costs, along with an unfavourable product mix, weighed on profitability despite growth in domestic sales and exports.