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Revenue
₹105.87 Cr
verified against source
Revenue YoY
10.81%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Indo Farm Equipment reported Q3 FY26 revenue of ₹100.64 crore, up 10.81% YoY, driven by tractor segment growth of 88% to ₹47.91 crore, while crane revenue declined 19% to ₹52.73 crore due to emission norm transition. Tractor volumes rose to 2,000+ units in 9M (vs 1,200 YoY), supported by dealer expansion to 200+ and NBFC financing. Crane volumes were impacted by the shift to BS5 engines, but management expects normalization from Q4. The new pick-and-carry crane facility (₹70-75 crore capex) is on track for Q1 FY27 commercial production, targeting 1,000+ additional units in FY27. Tower crane proto is expected by March 2026, with commercial sales from Q2 FY27 and revenue guidance of ₹60-70 crore. Management guided FY26 overall revenue growth of 25% and EBITDA margin of 12.5-13%. Key risk: crane market recovery may be slower than anticipated if infrastructure spending disappoints.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects total revenue to grow 25% YoY in FY26, with tractor segment growing ~50% and crane segment ~10%.
- Management guided EBITDA margin in the range of 12.5% to 13% for FY26.
- The new pick-and-carry crane facility is expected to start commercial production in Q1 FY27, adding 1,000+ units in FY27.
- Tower crane commercial sales expected from Q2 FY27, with first-year revenue guidance of ₹60-70 crore.
Risks flagged
- Crane volumes declined 4% YoY in Q3 due to emission norm transition; recovery may be slower if infrastructure spending disappoints.
- The new crane facility (₹70-75 crore capex) may face delays in achieving targeted production of 1,000+ units in FY27.
- EBITDA margin declined from 16.12% to 12.77% due to higher marketing and manpower costs; margin recovery may take longer.
Key quotes
- The company expect to achieve overall revenue growth of around 25% on a 2025-26 with total revenue is expected to grow around plus 50%.
- Definitely once the volume increase is definitely going to we are expecting it is going to increase by how how much sir? uh percent 2007 sir by 200 basis points sir 150 to 200 basis point
- We are expecting these number definitely we are expecting these numbers right and and on that 13% blended margin and as capacity goes up then things will change.
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