Carraro India Limited — PPTs, 11-02-2026: Investor Presentation

Carraro India delivered a strong financial performance for the nine months ended December 2025. Revenue from operations jumped 21% year-on-year to ₹1,648.8 Cr, fueled by robust demand in both domestic (up 17% YoY, led by 4WD agri axles) and export markets (up 29% YoY, driven by Tele Boom Handler axles). Profitability saw significant gains, with EBITDA climbing 28% to ₹176.5 Cr and Profit After Tax surging 38% to ₹88.9 Cr. The engineering services business contributed ₹10 Cr.

The company is strategically investing in growth, with the Board approving a ₹62.3 Cr capex to boost axle capacity from 115,000 to 154,160 units. This expansion aligns with the accelerating shift towards 4WD tractors and reflects strong future demand. Carraro India is also expanding its engineering services, including a ₹17.5 Cr agreement with Montra for e-transmission industrialization, signaling a focus on future-ready products like electric off-highway vehicle transmissions.

Recent developments include the inauguration of the first Authorized Service Centre in Faridabad, with plans for four centers by 2026 to enhance customer support. The ramp-up of new Tele Boom Handler axles continues, securing strong future visibility.

Management expressed confidence in surpassing its earlier FY30 revenue guidance, driven by positive off-highway market sentiment and a focus on disciplined, value-driven execution. Key 9M FY26 financial metrics: Revenue ₹1,648.8 Cr (+21% YoY), EBITDA ₹176.5 Cr (+28% YoY), PAT ₹88.9 Cr (+38% YoY). EPS stood at ₹15.64.