Carraro India FY26 Income Rises 25% to Rs 22,840 Million

28 May 2026 CW Team

For Q4 FY26, total income stood at Rs 6,142 million, up 37 per cent year-on-year. EBITDA grew 45 per cent to Rs 710 million, with margin improving to 11.6 per cent. PAT rose 76 per cent to Rs 417 million, with PAT margin at 6.8 per cent.

The company’s operational revenue stood at Rs 22,555 million in FY26, up 25 per cent from Rs 18,076 million in FY25. Agricultural equipment revenue grew 19 per cent to Rs 10,192 million, while construction equipment revenue rose 31 per cent to Rs 9,837 million. Revenue from other segments increased 25 per cent to Rs 2,526 million.

Domestic revenue grew 19 per cent to Rs 14,430 million in FY26, while exports rose 37 per cent to Rs 8,125 million. Export growth was supported by sustained demand in construction equipment, particularly tele-boom handler and backhoe loader exports.

The company said it continued to ramp up tele-boom handler axle production for a major international OEM, while domestic driveline sales to construction equipment customers also grew despite a broader market decline. Its engineering services business gained traction, including an agreement worth Rs 175 million with Montra Electric for the industrialisation and supply of e-transmissions.

Carraro India also reported strong momentum in the domestic 4WD axle market, supported by the shift from 2WD to 4WD tractors. The company deployed capex of Rs 417 million in FY26 to support telescopic handler axle production, high-performance transmission programmes and capacity expansion.

Dr Balaji Gopalan, Managing Director, Carraro India, said FY26 was a strong year, supported by healthy growth across domestic and export markets, improved profitability, operating leverage and disciplined cost management.

The Board has recommended a final dividend of Rs 6.75 per equity share for FY26, subject to shareholder approval."

Carraro India reported total consolidated income of Rs 22,840 million for FY26, registering 25 per cent year-on-year growth. EBITDA, including other income, rose 33 per cent to Rs 2,475 million, while PAT increased 48 per cent to Rs 1,306 million.For Q4 FY26, total income stood at Rs 6,142 million, up 37 per cent year-on-year. EBITDA grew 45 per cent to Rs 710 million, with margin improving to 11.6 per cent. PAT rose 76 per cent to Rs 417 million, with PAT margin at 6.8 per cent.The company’s operational revenue stood at Rs 22,555 million in FY26, up 25 per cent from Rs 18,076 million in FY25. Agricultural equipment revenue grew 19 per cent to Rs 10,192 million, while construction equipment revenue rose 31 per cent to Rs 9,837 million. Revenue from other segments increased 25 per cent to Rs 2,526 million.Domestic revenue grew 19 per cent to Rs 14,430 million in FY26, while exports rose 37 per cent to Rs 8,125 million. Export growth was supported by sustained demand in construction equipment, particularly tele-boom handler and backhoe loader exports.The company said it continued to ramp up tele-boom handler axle production for a major international OEM, while domestic driveline sales to construction equipment customers also grew despite a broader market decline. Its engineering services business gained traction, including an agreement worth Rs 175 million with Montra Electric for the industrialisation and supply of e-transmissions.Carraro India also reported strong momentum in the domestic 4WD axle market, supported by the shift from 2WD to 4WD tractors. The company deployed capex of Rs 417 million in FY26 to support telescopic handler axle production, high-performance transmission programmes and capacity expansion.Dr Balaji Gopalan, Managing Director, Carraro India, said FY26 was a strong year, supported by healthy growth across domestic and export markets, improved profitability, operating leverage and disciplined cost management.The Board has recommended a final dividend of Rs 6.75 per equity share for FY26, subject to shareholder approval.

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