Indo Farm Equipment Limited — Investor Meet, 26-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Indo Farm reported H1 FY26 revenue of Rs. 190.31 Cr (+26.22% HoH) and standalone EBITDA of Rs. 23.86 Cr (+17.31% HoH). Tractor revenue surged over 40% (HoH). Crane revenue saw a Q2 dip (-2.6% QoQ) due to monsoon/new emission norms, but H1 growth was 15.24%. FY26 overall revenue target is 25%, with console EBITDA margins projected at 16-16.5%. New crane production and tower crane sales (targeting Rs. 60-70 Cr in FY27) are expected from FY27. Exports are a new focus. Management is confident in strategic growth and product differentiation.