Cummins shares surge over 2% as firm launches battery energy storage systems

“This state-of-the-art energy storage solution is designed to support India’s clean energy transition and strengthen the reliability of the country’s power infrastructure,” Cummins India said in a regulatory filing.

BESS is a reliable and efficient technology for addressing the energy transition requirements of key industries such as manufacturing, data centres, commercial realty, and mining. These systems enable seamless integration of clean, renewable, and intermittent energy sources like solar and wind with the existing power infrastructure.

Shveta Arya, Managing Director, Cummins India Limited, said, “Our Battery Energy Storage System (BESS) offers a reliable, scalable, and sustainable foundation for the energy ecosystem of tomorrow. Through this launch, we are proud to support India’s journey towards net-zero emissions by 2070 and power possibilities for generations to come.”

Following this, shares of Cummins India were trading at ₹3,373.90 apiece on the National Stock Exchange, rising 1.65%. It had touched an intraday high of ₹3,393 per share on Thursday.

Cummins further said that the launch of BESS reinforces the firm’s commitment to advance decarbonisation through innovative and reliable power solution technologies.

In the March quarter of FY25, the company’s revenue had increased 6.1% year-on-year (YoY) to ₹2,457 crore from ₹2,457 crore in the same period last fiscal year.

However, Cummins had reported a decline of 7.2% in its standalone net profit for the reporting quarter at ₹521.37 crore as against ₹561.52 crore in Q4 FY24.

During the fourth quarter, the firm’s earnings before interest, taxes, depreciation and amortisation (EBITDA) slipped 4.5% YoY to ₹519.9 crore from ₹544.27 crore in the corresponding quarter of the previous fiscal year. Its margin for Q4 FY25 shrank 21.16% from 23.50% YoY.

Established in 1962 and headquartered in Pune, Cummins India Limited is one of the leading power solutions providers in the country. As the oldest Cummins entity in India, Cummins India Limited is involved in the power generation, aftermarket, and export businesses.