| Management target | Revenue FY30 |
|---|
| Revenue growth | Revenue grew 25% YoY to ₹2,255 crore in FY26. |
|---|---|
| Margins | EBITDA margins improved to 10.8% from 10.2% YoY. |
| Order book | Positive order book for construction; new TBH axle programs ramping up. |
| Demand visibility | Strong structural shift to 4WD; construction equipment remains resilient. |
| Management confidence | Confident but cautious regarding West Asia geopolitical impacts. |
Growth
Revenue grew 25% to ₹22,555 million; PAT surged 48% due to operational leverage and a structural shift toward 4WD tractors.
Outlook
Management raised FY30 revenue target to ₹35,000–40,000 million. FY27 growth guidance cautious at 4-12%.
Risks
Geopolitical volatility in West Asia, energy price hikes, and potential monsoon deficits pose near-term production and demand risks.
Last quarter's promises, checked
Delivered
- Guided 100bps margin improvement → delivered 10.8% from 10.2% (= BEAT)
- Guided 8-12% revenue growth → delivered 25% (= BEAT)
- Guided 78% localization → delivered 78% (= BEAT)
Partly delivered
- Guided FY27 revenue 8-12% → lowered to 4-12% due to volatility (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: CARRARO. Summary written with AI assistance from the document.
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.
More from Carraro India Ltd
All →Carraro India Capital Structure Change
3P India Equity Fund acquired 2,00,000 Carraro India shares in the open market. Its stake rose from 4.71% to 5.06%, triggering a SAST Reg 29(1) disclosure.
Carraro India Annual General Meeting
Carraro India Limited held its 29th Annual General Meeting on September 10, 2026. Shareholders approved resolutions, including financial statements, director re-appointments, and a final dividend.
Carraro India Legal & Regulatory
Carraro India received a customs order demanding differential IGST of ₹15.25 crore and a penalty of ₹5 crore. The company intends to challenge this order.
- Value
- ₹20.25 Cr
Carraro India Investor Presentation: Key Takeaways
Carraro India reported resilient Q1 FY27 results with 10% revenue growth, driven by 26% domestic growth offsetting export headwinds. Focus remains on localized production and expanding capacity for 4WD tractors and construction equipment.
Carraro India Investor Presentation: Key Takeaways
Carraro India reported a resilient Q1 FY27 with revenue up 10% YoY to INR 5,447 million, driven by strong domestic 4WD axle demand despite export headwinds.
Carraro India Q1 FY27 Results: Net Profit ₹31.4 Cr, Up 7.9% YoY
Carraro India Ltd reported revenue from operations of ₹544.7 Cr (+10.5% YoY) and net profit of ₹31.4 Cr (+7.9% YoY) for Q1 FY27.
- Key figure
- Net profit ₹31.4 Cr · +7.9% YoY