Cummins Indias (CIL) 3QFY17 results were ahead of our estimates led by a strong revenue growth ( 19% YoY) across both domestic ( 16% YoY) and exports ( 25% YoY). However the mgmt maintained that current quarter exports growth is not sustainable. Adverse product mix was compensated by production efficiencies resulting in flattish RM/sales (64.4%).