Carraro India Ltd — earnings calls

Carraro India reported Q1 FY27 revenue from operations of INR5,447 million, up 10% year-on-year, driven by 26% domestic growth that offset a 14% decline in exports linked to geopolitical disruptions in West Asia. EBITDA grew 6% year-on-year to INR579 million with margin at 10.4%, while profit after tax rose 8% to INR314 million. Management attributed the margin pressure to higher energy and raw material costs and labour availability constraints at suppliers, and described plans for capacity expansion, localization and new export and domestic programs.

Carraro India reported FY26 revenue growth of 25% year-on-year to over Rs 2,255 crore, with EBITDA up 33% to Rs 2,475 million and PAT up 48% to Rs 1,306 million. Management attributed the growth to strong domestic agriculture driveline demand, particularly four-wheel drive axles, and robust export momentum in construction equipment. For Q4 FY26, revenue grew 37% year-on-year to Rs 6,067 million with EBITDA margin improving to 11.6% from 10.9% a year earlier.