Carraro India

Carraro India delivered a strong FY26 with revenue up 25% YoYCurrent 25% vs previous available quarter 21%. to ₹2,255 crore, EBITDA up 33% YoYCurrent reported value: 33% YoY. No comparable prior figure is available in the source record. to ₹247.5Current 247.5 crore vs previous available quarter 176.5 crore. crore, and PAT up 48% YoYCurrent reported value: 48% YoY. No comparable prior figure is available in the source record. to ₹136 crore. EBITDA margin expanded 60 bps to 10.8%Current reported value: 10.8%. No comparable prior figure is available in the source record., driven by operating leverage, localization, and cost discipline. Domestic agri growth was fueled by the structural shift to 4WD axles (now ~24%Current 24%. Reported change: +2-4pp YoY. of the >40 HP market), while exports grew 37% YoYCurrent 37% YoY. Reported change: +37% YoY. led by construction equipment. Management guided for FY30 revenue of ₹3,500-4,000 crore and expects gradual margin improvement, though near-term volatility from geopolitical risks and energy prices could slow progress. Key risk: prolonged disruption in West Asia impacting H1 FY27 production and supply chains.