Carraro India Ltd, incorporated in 1997 and engaged in manufacturing axles and transmission systems for agricultural tractors and construction vehicles, delivered a strong Q2FY26 performance with healthy top-line and bottom-line growth.
Financial Highlights:
- Revenues increased 33.18% year-on-year to ₹582 crore from ₹437 crore, driven by 16% growth in agricultural equipment revenue and 57% growth in construction equipment.
- Total expenses rose 32.45% to ₹547 crore from ₹413 crore.
- Consolidated net profit rose 40.91% to ₹31 crore from ₹22 crore, with PAT of about ₹31.7 crore and EBITDA of ₹59.3 crore (25% YoY growth).
- Earnings per share improved 41.58% to ₹5.38 from ₹3.80.
Growth was supported by strong domestic demand in 4WD axles and robust export momentum, particularly in construction and teleboom handler axles.
Outlook:
Carraro India Ltd is focusing on export scale-up, new e-transmission contracts, and margin improvement towards a 12% EBITDA target over the medium term.
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