Yet its flagship domestic power generation business faltered (~8%) not least due to India's declining power deficit and subdued demand from manufacturing sector. Despite overall economic stress in H2 induced by demonetization, Cummins did manage to make noticeable headways in data centers, IT&ITES; and commercial realty for most last fiscal. Robustness in domestic demand did little to prevent operating margins to fall to the lowest level in seven years for the margins have now descended in three of the last four quarters with Q4's 14.4% - induced by adverse...