Outcome of the Board Meeting held today i.e. May 21, 2026).
INDOFARM · price
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Indo Farm Equipment Ltd reported audited standalone FY2026 revenue of Rs. 41,954 lakhs, up 14.4% from Rs. 36,677 lakhs in FY2025. Profit before tax grew 24.8% to Rs. 3,114 lakhs, but profit after tax declined slightly to Rs. 2,231 lakhs from Rs. 2,261 lakhs. Basic EPS stood at Rs. 4.55 versus Rs. 5.48 prior year. Consolidated revenue was Rs. 44,002 lakhs with PAT of Rs. 2,469 lakhs. Segment-wise, Cranes contributed Rs. 21,809 lakhs (stable), Tractors declined to Rs. 20,145 lakhs from Rs. 14,102 lakhs, and the NBFC subsidiary Barota Finance added Rs. 2,048 lakhs revenue. The company completed its IPO in FY2024-25 and continues utilizing proceeds for crane capacity expansion. Statutory auditors issued an unmodified (clean) opinion.
The clean audit opinion removes investor concerns. Revenue growth of 14% demonstrates business expansion, though the EPS decline and PAT contraction despite PBT growth suggests higher tax expense or other charges. The NBFC subsidiary and tractor segment growth offset crane revenue decline.