Carraro India Reports 18% Increase in Total Income for H1 FY26

Carraro India Limited, a Tier-I solution provider for axles, transmission systems, gears and other related components, has reported its unaudited financial results for the quarter and half year ended 30th September 2025. The company's H1 FY26 Total Income stood at INR 10,930 Mn, marking an increase of 18% on Y-o-Y. The EBITDA (incl. other income) for H1 FY26 stood at INR 1,141 Mn, growth of 13% Y-o-Y. The PAT for H1 FY26 stood at INR 608 Mn, growth of 22% Y-o-Y. The company has seen a significant ramp-up of the new range of Tele Boom Handlers (TBH) axles for a major international OEM, with healthy traction and strong visibility of sustained growth in the coming quarters. The domestic construction equipment vehicle market fell ~9% in H1 FY26 vs. H1 FY25, with the Backhoe Loader (BHL) segment down ~12%, largely due to a prolonged monsoon and the slower ramp-up of higher-cost BS-V machines. The gears business remains subdued with lower sales compared to H1 FY25. The segment is expected to remain stable, with limited growth prospects in the near term.