Indo Farm Equipment Limited — Investor Meet, 17-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Indo Farm reported Q3 FY26 revenue of ₹100.64 Cr (+10.81% YoY), with 9M revenue up 20.43%. Tractor revenue surged 88% in Q3. Crane revenue dipped 19% due to temporary market shifts from emission norm changes, now normalizing. FY26 guidance is ~25% revenue growth and 12.5-13% EBITDA. New pick & carry crane production begins Q1 FY27, with tower crane sales in Q2 FY27, adding substantial capacity for future growth. FY27 outlook: 30%+ tractor growth, 1000+ additional crane sales, driving EBITDA to 14.5-15% and PAT to 6.5-7%. Expansion via IPO funds (~₹70-75 Cr capex) and zero term debt are key. Management is confident in robust growth from capacity, exports, and market reach.