Carraro India Limited has informed the Exchange about Transcript
CARRARO · price
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Awaiting price reaction for this filing.
Carraro India reported Q1 FY26 revenue from operations of INR 4,929 million, up 4% year-on-year, with total income at INR 4,999 million (~INR 500 crores). EBITDA was INR 548 million at 11% margin, and profit after tax came in at INR 291 million. Domestic growth of 3% was led by strong demand in four-wheel-drive (4WD) axles, while exports grew 5% showing early recovery signs. Key highlights include a record 4,000 4WD axles produced in May 2025, two new high-horsepower transmission orders (production starting FY26-27 and FY27-28), a new teleboom handler axle project for domestic market, and a commercial agreement for an electric tractor transmission. Management maintained its FY26 revenue growth guidance of 8-12% (EUR 215-220 million) and reaffirmed a 100 basis points EBITDA margin improvement target annually for the next 2-3 years, with a longer-term goal of EUR 350 million (~INR 3,300-3,400 crores) by FY28-29. Localization is targeted to reach 86-88% over three years.
The call reinforces a steady, margin-accretive growth story with strong order visibility and a clear path to 100 bps annual EBITDA expansion. Shareholders can view the FY28-29 revenue target, new high-horsepower and electric transmission wins, and improved product mix as positive medium-term catalysts, though near-term quarterly margins may fluctuate based on product mix.