Indo Farm Equipment Limited has informed the Exchange about Transcript
INDOFARM · price
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Indo Farm Equipment reported FY26 turnover of ₹419.54 crore (up 14.39% YoY) with EBITDA of ₹53.50 crore (up 6.98%). Tractor segment drove growth with ₹201.45 crore revenue (up 42.85%), while crane segment declined ~3% to ₹218.09 crore due to BS V emission norm transition and market softness. Management guided FY27 overall revenue growth of 20-25%, with EBITDA margin expected to compress to ~12.5% from ~13% due to new plant ramp-up costs and tower crane market entry. A new pick-and-carry crane facility at Bhud is on track to commence commercial production in Q2 FY27, with tower crane testing complete and commercial production also beginning Q2. Management outlined multi-year targets including 25% average growth, working capital days improving to under 200 by FY28-29, and full capacity utilization by FY28-29.
Near-term margin pressure from new plant ramp-up and tower crane market entry is expected, but management's 20-25% growth guidance and multi-year targets signal confidence in scaling up capacity utilization and dealer network expansion in both tractor and crane segments.