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Earnings Call

Carraro India Earnings Call: Key Takeaways

Carraro India delivered a strong FY26 with 25% revenue growth and 48% PAT expansion, outperforming the construction sector's slowdown through robust exports and a structural domestic shift toward 4WD tractors.

Why this was an Alfa AlertRaised long-term FY30 revenue guidance by up to 33% (from ₹3,000cr to ₹4,000cr).
Highlights
Revenue growth25% YoY growth to ₹2,255 crore, driven by 37% export surge.
MarginsEBITDA margins improved to 10.8% from 10.2% YoY.
Order bookPositive order book for construction equipment despite domestic market softness.
Demand visibilityStrong domestic 4WD tractor transition; construction exports remain robust.
Management confidenceHigh; explicitly raised long-term revenue targets during the call.

Growth

Revenue grew 25% to ₹2,255cr; PAT surged 48% with margins expanding to 10.8% due to operating leverage.

Outlook

Management raised FY30 revenue target to ₹3,500-4,000cr, exceeding the previous guidance of ₹3,000cr.

Risks

West Asia geopolitical volatility and energy price spikes could disrupt H1FY27 supply chains and margins.

Source

Earnings Call filed with NSE, NSE: CARRARO. Summary written with AI assistance from the document.

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Carraro India Ltd: key numbers

Share price
₹535.00
Market cap
₹3,042 Cr
Revenue (annual)
₹2,255 Cr
Net profit (annual)
₹130.6 Cr
P/E (TTM)
22.9×Sector 33.6×
Promoter holding
68.77%+0.00% QoQ
FII holding
2.91%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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