Carraro India Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹441Cr
- +13.4% YoY
- −0.9% QoQ
- Net profit
- ₹23Cr
- +27.8% YoY
- +64.3% QoQ
- Margin
- 10%
- 0 pp YoY
- +3 pp QoQ
Guidance rank: #45 of 67 in Auto Components
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The short version
FY26 revenue growth is expected in the range of 8% to 12%. Carraro India targets EBITDA margin expansion of at least 1% year-on-year for the next three years, building on a 10.2% EBITDA margin in FY2025.
From Carraro India Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 revenue growth is expected in the range of 8% to 12%.
- Stronger domestic demand in agriculture and construction sectors is a key growth driver.
- Expansion plans include ramping up teleboom handler axle volumes.
- New high-horsepower transmission series production to begin in FY26-FY27 and FY27-FY28.
- Engineering services business expected to grow with advanced technology enquiries.
- Orders and customer additions continue, with six new customers added in 2025.
- Localization efforts projected to increase from 77% to approximately 80% in FY26, improving cost efficiency.
- Operating leverage and value-added product contributions central to margin and revenue growth.
- Medium-term goal includes increasing EBITDA margin by at least 1% year-on-year for next three years.
2 more points from Carraro India Ltd's call on revenue
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Profitability & Margins
Carraro India targets EBITDA margin expansion of at least 1% year-on-year for the next three years,…
Locked: what Carraro India Ltd said on margins
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Capital Expenditure Plans
- FY25 capex: INR 515 million, focused on new product introductions (teleboom handler axles, high-performance agri transmissions), capacity enhancement, process automation, and plant efficiency upgrades.
- FY26 capex budget: INR 700 million (INR 70 crores), excluding any possible expansion-related investments.
- Planned expansion mainly for construction equipment segment (teleboom handlers and possibly mobile cranes), not yet finalized; investment will be need-based upon confirmed orders.
- Expansion will happen in phased manner over next 1-2 years to support ramp-up in new product volumes, including an additional 25,000 sqm plant space for axles, avoiding underutilized capacity.
2 more points from Carraro India Ltd's call on capex
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Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
Capex for FY26 is budgeted at INR 70 crores for fresh investments, excluding any possible future…
Locked: what Carraro India Ltd said on fundraising
Also locked on this page: margins
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Order Book & Pipeline
- The company has a significant order book in teleboom handlers, with volumes expected to grow from 6,000 axles this year to 9,000 next year and beyond 14,500 in the third year, translating to approximately EUR35 million (around INR300 crores) in revenue.
- Orders secured include two projects with local customers for teleboom handler axles, along with new series orders in backhoe loaders from existing customers.
- One large local backhoe loader OEM, among the top players in India, has secured a contract manufacturing deal for a global OEM, relying on Carraro India's transmissions.
2 more points from Carraro India Ltd's call on order book
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Carraro India Ltd — Quarterly revenue & net profit
Carraro India Ltd Q4 FY25 results — key figures
| ₹ Cr | Q4 FY25 | Q4 FY24 | YoY | Q3 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 441 | 389 | +13.4% | 445 | -0.9% |
| Operating profit (EBITDA) | 44 | 37 | +18.9% | 31 | +41.9% |
| Operating margin | 10% | 10% | 0 pp | 7% | +3 pp |
| Profit before tax | 31 | 24 | +29.2% | 19 | +63.2% |
| Net profit (PAT) | 23 | 18 | +27.8% | 14 | +64.3% |
| EPS (₹) | 4.06 | 3.09 | +31.4% | 2.49 | +63.1% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹692 Cr, net profit ₹41 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Carraro India's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
Earlier calls (1)
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Carraro India Ltd Q4 FY25 results?
FY26 revenue growth is expected in the range of 8% to 12%. Carraro India targets EBITDA margin expansion of at least 1% year-on-year for the next three years, building on a 10.2% EBITDA margin in FY2025.
What is Carraro India Ltd share price analysis?
Carraro India Ltd currently shows a neutral. The stock trades at a P/E of 21.4 with a market cap of ₹2,926 Cr. Investors should review the full earnings analysis for detailed insights.
Is Carraro India Ltd planning capital expenditure?
FY25 capex: INR 515 million, focused on new product introductions (teleboom handler axles, high-performance agri transmissions), capacity enhancement, process automation, and plant efficiency upgrades.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.