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Indo Farm Equipment Ltd

Q3 FY26Agricultural, Commercial & Construction Vehicles

Indo Farm Equipment Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹142
Market cap₹783 Cr
P/E31.7
Updated23 Aug 2026
Read5 min read

The short version

Tractor business expected to grow around 50% in the current financial year (FY26), with some quarters experiencing up to 88% growth. - Crane business sales expected to grow ~10% in Q4 FY26, with overall 25% topline growth in FY26. - New crane facility with 3,600 pick-and-carry crane capacity and 240 tower crane capacity will enable significant volume increase. - Targeting 1,000+ additional pick-and-carry cranes from the new plant in FY27, potentially up to 1,800 if utilized at 50%. - Tower crane revenue expected to be Rs. Company expects overall revenue growth of around 25% for FY26 with tractor revenue growing 50%+ and crane revenue about 10%.

From Indo Farm Equipment Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Tractor business expected to grow around 50% in the current financial year (FY26), with some quarters experiencing up to 88% growth.
  • Crane business sales expected to grow ~10% in Q4 FY26, with overall 25% topline growth in FY26.
  • New crane facility with 3,600 pick-and-carry crane capacity and 240 tower crane capacity will enable significant volume increase.
  • Targeting 1,000+ additional pick-and-carry cranes from the new plant in FY27, potentially up to 1,800 if utilized at 50%.
  • Tower crane revenue expected to be Rs. 60-70 crore in the first year with 12-13% EBITDA margin.
  • Overall, combined growth in FY27 expected around 30%+ with revenue potentially reaching Rs. 700-800 crore.

2 more points from Indo Farm Equipment Ltd's call on revenue

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Profitability & Margins

See what Indo Farm Equipment Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Indo Farm Equipment Limited is investing approximately ₹70-75 crore in a new crane manufacturing facility on an additional 30-acre land adjacent to their existing 35-acre plant.
  • This new facility is dedicated to construction equipment, specifically pick and carry cranes.
  • The investment is funded through IPO proceeds; no new borrowing has been made for this capex.
  • The company plans a tower crane business with trial production ready by March 2026 and commercial sales starting Q2 FY26-27, expecting ₹60-70 crore revenue in FY26-27.
  • Capacity expansion aims to eliminate existing crane capacity constraints.

2 more points from Indo Farm Equipment Ltd's call on capex

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Top-ranked in Agricultural, Commercial & Construction Vehicles

Ranked on what management guided this quarter

Guidance-ranked
1BEML Ltd
Rev 2Mar 3
2Gurunanak Agri.
Rev 2Mar 3
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Indo Farm Equipment Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • It highlights a large marketing demand: the marketing team has very large bookings but is currently unable to deliver timely due to capacity constraints.
  • The new crane facility will increase capacity by 3,600 units annually, aiming to fulfill backlog and new orders.
  • The company expects to add a minimum of 1,000 additional crane sales next financial year due to this expanded capacity.
  • The current plant runs near 100% utilization, causing some delayed deliveries.
  • The expanding dealer network and entry into new geographies are expected to grow order inflow.

2 more points from Indo Farm Equipment Ltd's call on order book

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Indo Farm Equipment Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹134 Cr, net profit ₹9 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Indo Farm Equip.'s management said in earlier quarters

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Frequently Asked Questions

What were Indo Farm Equipment Ltd Q3 FY26 results?

Tractor business expected to grow around 50% in the current financial year (FY26), with some quarters experiencing up to 88% growth. - Crane business sales expected to grow ~10% in Q4 FY26, with overall 25% topline growth in FY26. - New crane facility with 3,600 pick-and-carry crane capacity and 240 tower crane capacity will enable significant volume increase. - Targeting 1,000+ additional pick-and-carry cranes from the new plant in FY27, potentially up to 1,800 if utilized at 50%. - Tower crane revenue expected to be Rs. Company expects overall revenue growth of around 25% for FY26 with tractor revenue growing 50%+ and crane revenue about 10%.

What is Indo Farm Equipment Ltd share price analysis?

Indo Farm Equipment Ltd currently shows a neutral. The stock trades at a P/E of 31.7 with a market cap of ₹783 Cr. Investors should review the full earnings analysis for detailed insights.

Is Indo Farm Equipment Ltd planning capital expenditure?

Indo Farm Equipment Limited is investing approximately ₹70-75 crore in a new crane manufacturing facility on an additional 30-acre land adjacent to their existing 35-acre plant.

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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.