Carraro India reports 48% rise in FY26 PAT; revenue up 25%

Carraro India Limited, a Tier-I supplier of axles, transmission systems, gears and related components for agricultural and construction equipment, reported a strong financial performance for FY26, driven by robust domestic demand and export growth.

The company's total income rose 25% year-on-year to ₹22,840 million in FY26 from ₹18,234 million in FY25. EBITDA (including other income) increased 33% to ₹2,475 million, with EBITDA margin improving to 10.8% from 10.2% a year earlier. Profit after tax (PAT) surged 48% to ₹1,306 million, while PAT margin expanded to 5.7% from 4.8%.

For the fourth quarter ended March 31, 2026, total income stood at ₹6,142 million, up 37% year-on-year. EBITDA rose 45% to ₹710 million, while PAT jumped 76% to ₹417 million.

Operationally, revenue from the agricultural equipment segment grew 19% to ₹10,192 million in FY26, while the construction equipment business recorded a stronger 31% growth to ₹9,837 million. Domestic revenue increased 19% to ₹14,430 million, whereas exports registered a sharp 37% rise to ₹8,125 million, reflecting strong traction in overseas markets.

The company said exports were supported by sustained demand for Tele Boom Handler (TBH) and Backhoe Loader (BHL) driveline products. Carraro also signed an engineering services agreement worth ₹17.5 crore with Montra Electric for industrialisation and supply of e-transmissions and received a prototype order for field validation.

During FY26, Carraro invested ₹417 million in capacity expansion and new product programmes, including telescopic handler axles and high-performance agricultural transmissions. The Board has recommended a final dividend of ₹6.75 per equity share for FY26, subject to shareholder approval.

Commenting on the results, Managing Director Dr. Balaji Gopalan said the company delivered healthy growth across domestic and export markets, supported by strong demand in agricultural vehicles, increasing adoption of 4WD tractors, and growing momentum in construction equipment exports. He added that Carraro is expanding capacity and strengthening engineering capabilities to support future growth.