New Delhi, Nov. 10 -- Cummins India Ltd's shares hit a new 52-week high of Rs.4,495 on Friday after its September quarter (Q2FY26) results surpassed consensus expectations on key parameters. Standalone revenue grew 27% year-on-year to Rs.3,170 crore, beating estimates with the execution of a large data centre order, which is a part of its key power generation business. Growth in distribution and exports was also healthy, but subdued construction activity and a slowdown in mining tenders hurt the industrial segment.

Operating margin increased 261 basis points to 21.9% aided by volume-led operating leverage and cost control. This was the fifth consecutive quarter of margin expansion. Cummins has maintained double-digit revenue growth guida...