| Management target | Revenue FY30 |
|---|
| Revenue growth | Revenue grew 25% YoY to ₹2,255 crore in FY26. |
|---|---|
| Margins | EBITDA margins improved to 10.8% from 10.2% YoY. |
| Order book | Positive order book for construction; new TBH axle programs ramping up. |
| Demand visibility | Strong structural shift to 4WD; construction equipment remains resilient. |
| Management confidence | Confident but cautious regarding West Asia geopolitical impacts. |
Growth
Revenue grew 25% to ₹22,555 million; PAT surged 48% due to operational leverage and a structural shift toward 4WD tractors.
Outlook
Management raised FY30 revenue target to ₹35,000–40,000 million. FY27 growth guidance cautious at 4-12%.
Risks
Geopolitical volatility in West Asia, energy price hikes, and potential monsoon deficits pose near-term production and demand risks.
Last quarter's promises, checked
Delivered
- Guided 100bps margin improvement → delivered 10.8% from 10.2% (= BEAT)
- Guided 8-12% revenue growth → delivered 25% (= BEAT)
- Guided 78% localization → delivered 78% (= BEAT)
Partly delivered
- Guided FY27 revenue 8-12% → lowered to 4-12% due to volatility (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: CARRARO. Summary written with AI assistance from the document.
Carraro India Ltd: key numbers
- Share price
- ₹531.15
- Market cap
- ₹3,020 Cr
- Revenue (annual)
- ₹2,255 Cr
- Net profit (annual)
- ₹130.6 Cr
- P/E (TTM)
- 22.7×Sector 32.1×
- Promoter holding
- 68.77%+0.00% QoQ
- FII holding
- 2.91%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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