Carraro India Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹603Cr
- +36.7% YoY
- +6.7% QoQ
- Net profit
- ₹41Cr
- +78.3% YoY
- +46.4% QoQ
- Margin
- 10%
- 0 pp YoY
- 0 pp QoQ
Guidance rank: #45 of 67 in Auto Components
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The short version
Carraro India targets revenues of INR 3,500 to 4,000 crores by FY 2030, exceeding earlier targets. Carraro India expects positive revenue growth in FY ‘27, though the range may moderate from the earlier 8-12% to possibly 4-8%, owing to macroeconomic uncertainty.
From Carraro India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Carraro India targets revenues of INR 3,500 to 4,000 crores by FY 2030, exceeding earlier targets.
- For FY 2027, the company maintains cautious revenue growth guidance between 8% and 12%, supported by healthy demand, although near-term volatility may reduce this to 4%-8%.
- Domestic four-wheel drive tractor market expected to grow structurally, with four-wheel drive penetration forecasted to increase from ~24% in FY 2026 to 40%-45% over 3-5 years.
- Export markets, especially agricultural segments like the US, show positive outlook, with ongoing growth in higher horsepower transmission business.
- Capacity ramp-up and product launches aimed at capturing growth, especially in four-wheel drive and construction equipment segments.
2 more points from Carraro India Ltd's call on revenue
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Profitability & Margins
Carraro India expects positive revenue growth in FY ‘27, though the range may moderate from the earlier…
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Capital Expenditure Plans
- FY ‘27 capex planned in the range of INR130 crores to INR140 crores, with a preference toward INR130 crores. (Page 13)
- FY ‘26 capex of approximately INR417 million deployed toward:
- New telescopic handler axle production
- High-performance transmission programs
- Incremental manufacturing capacity expansion (Page 5)
- Continued investments in technology, capacity expansion, and operational efficiency improvements. (Page 5)
2 more points from Carraro India Ltd's call on capex
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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
The company reports a strong balance sheet with a debt-to-equity ratio improving from 0.42x to 0.27x…
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Order Book & Pipeline
- The order book for Backhoe Loader (BHL) exports is described as "good," indicating a stable but cautious outlook due to geopolitical and inflation uncertainties.
- For the construction segment, the company is receiving frequent additional orders for the next 6 months, providing healthy visibility.
- Tele Boom Handler (TBH) axles for a major global OEM have seen good traction with strong structural growth visibility over coming quarters.
- Higher horsepower transmission projects are progressing well with a Start of Production (SOP) for the Turkey program expected in FY ‘27 and for an Indian program by FY ‘28.
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 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 603 | 441 | +36.7% | 565 | +6.7% |
| Operating profit (EBITDA) | 62 | 44 | +40.9% | 54 | +14.8% |
| Operating margin | 10% | 10% | 0 pp | 10% | 0 pp |
| Profit before tax | 54 | 31 | +74.2% | 37 | +45.9% |
| Net profit (PAT) | 41 | 23 | +78.3% | 28 | +46.4% |
| EPS (₹) | 7.22 | 4.06 | +77.8% | 4.90 | +47.3% |
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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Potential multibaggers · Q2 FY27
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on management's own guidance
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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 FY26 results?
Carraro India targets revenues of INR 3,500 to 4,000 crores by FY 2030, exceeding earlier targets. Carraro India expects positive revenue growth in FY ‘27, though the range may moderate from the earlier 8-12% to possibly 4-8%, owing to macroeconomic uncertainty.
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?
FY ‘27 capex planned in the range of INR130 crores to INR140 crores, with a preference toward INR130 crores.
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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.