The call ran from 6:01 PM to 6:32 PM IST (31 min).
Key takeaways
Q2 revenue rose 19% but EBITDA margin fell to 9.2% from 10%. Customer cost pass-through is still 30-40% unresolved, so recovery is pushed into H2.
| Revenue growth | Q2 revenue +19% YoY; H1 +15%; ~2ppt from price. |
|---|---|
| Margins | EBITDA margin 9.2% vs 10% YoY; gross margin 23.3% vs 26.4%; contraction. |
| Demand visibility | Domestic retail healthy; wholesale softer; exports uneven, H2 seen flattish. |
| Management confidence | Balanced: cautiously optimistic; acknowledges margin pressure and unresolved cost recovery. |
Growth
Q2 revenue +19% YoY; domestic +33%, exports -4%. Only about 2ppt of H1 growth came from price; EBITDA +10%.
Outlook
FY27 revenue growth guided within 10-15%; margins to improve progressively. Localisation target 86-88%; no quantified margin guidance.
Risks
30-40% of cost-recovery negotiations open; input costs rising into Q3; gross margin down ~290bps; exports uneven.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Carraro India Q2 FY27 Results: Net Profit ₹35.1 Cr, Up 10.7% YoY
Carraro India Ltd reported revenue from operations of ₹696.5 Cr (+18.8% YoY) and net profit of ₹35.1 Cr (+10.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹35.1 Cr · +10.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management raised FY30 revenue target to ₹35,000–40,000 million. FY27 growth guidance cautious at 4-12%.
Growth they described
Revenue grew 25% to ₹22,555 million; PAT surged 48% due to operational leverage and a structural shift toward 4WD tractors.
Call details
| Company | Carraro India Limited |
|---|---|
| NSE symbol | CARRARO |
| ISIN | INE0V7W01012 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 6:00 PM IST |
| Length | 31 min |
| Audio | Our stream on YouTube ↗ |
Carraro India Limited: key numbers
- Share price
- ₹486.15
- Market cap
- ₹2,764 Cr
- Revenue (annual)
- ₹2,255 Cr
- Net profit (annual)
- ₹130.6 Cr
- P/E (TTM)
- 20.8×Sector 32.9×
- Promoter holding
- 68.77%+0.00% QoQ
- FII holding
- 1.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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