Carraro India Limited has submitted to the Exchange Transcript of the Earnings Call held on 28th May, 2025.
CARRARO · price
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Awaiting price reaction for this filing.
Carraro India reported FY25 total income of INR 1,823 crore (~EUR 200 million), flat YoY, but EBITDA grew 24% YoY to INR 186 crore with margins expanding 192 bps to 10.2%, beating the company's 10% guidance. PAT jumped 41% to INR 88 crore. Q4 was strong with revenue up 13% YoY at INR 448 crore and EBITDA margin of 10.9%. The Board declared its first post-IPO dividend of INR 4.55 per share. Management guided for 8-12% revenue growth and ~1% EBITDA margin expansion annually for the next 3 years, with a long-term revenue target of EUR 350 million. Key growth driver is the teleboom handler business, scaling from 6,000 axles this year to 14,500 in 3 years (~INR 300 crore revenue). Localization stands at 77%, targeted to reach 80% in FY26. FY26 capex is budgeted at INR 70 crore with phased plant expansion planned.
Positive for shareholders — first post-IPO dividend, margin guidance intact, and clear visibility on new product wins (teleboom, high-HP transmissions) should support earnings momentum. US tariff exposure is limited at 4-7% and the company is well-insulated due to its mission-critical components, de-risking the export side.