| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 569.59 | 2.8% | 26.9% |
| Total Income | 576.76 | 2.8% | 27.4% |
| Expenditure | 530.34 | 3.7% | 22.5% |
| PBT | 36.92 | 13.2% | 87.5% |
| Net Profit | 28.07 | 11.5% | 91.3% |
| OPM | 8.03% | 0.91pp | 8.29pp |
| NPM | 4.87% | 0.48pp | 1.63pp |
| EPS | 4.94 | 11.5% | 91.5% |
Carraro India Q3 & 9M FY26 Consolidated Results: Total Income Up by 21%, EBITDA Grew by 28%, PAT Surged by 38%
11 Feb 2026 · 11 Feb, 7:48 pm
Summary
Carraro India Limited, an independent Tier-I solution provider for axles, transmission systems, gears and other related components, has reported its unaudited financial results for the quarter and nine months ended 31*' December 2025. The company's total income stood at INR 16,698 Mn, EBITDA at INR 1,765 Mn, and PAT at INR 889 Mn, all showing significant growth.
Key Highlights
- 1
Total Income for 9M FY26 stood at INR 16,698 Mn, an increase of 21% on Y-o-Y basis
- 2
EBITDA for 9M FY26 stood at INR 1,765 Mn, a growth of 28% on Y-o-Y basis with margins at 10.6%
- 3
PAT for 9M FY26 stood at INR 889 Mn, a growth of 38% on Y-o-Y basis with margins at 5.3%
- 4
Operational Highlights: Ramp-up of new range of Tele Boom Handlers (TBH) axles for a major international OEM continued
- 5
Other Key Business Highlights: Several enquiries for higher HP and technology configurations
- 6
Domestic AG 4WD Axle & Gears business update: The domestic 4WD axle market has shown strong revenue growth in the first nine months
- 7
Agri higher HP Transmission: Export market gradually recovering
- 8
Export business Update: Exports delivered a strong growth of 29% year-on-year
- 9
Capex: INR 304 Mn deployed to support new telescopic handler's axle production
- 10
Commenting on the results: Revenue from operations grew 21% YoY, supported by healthy momentum across both domestic and export markets
Management Comments
Dr. Balaji Gopalan
Managing Director, Carraro India Limited
For nine months FY26, Carraro India delivered a strong and encouraging performance. Revenue from operations grew 21% YoY, supported by healthy momentum across both domestic and export markets. Domestic revenues increased 17% Year on Year, led by robust demand for 4WD axles in the agriculture segment, while exports grew 29% Year on Year, driven by higher offtake of Tele Boom Handler (TBH) axles. In line with our guidance, we continued to deliver strong volumes, reinforcing our confidence in the sustainability of our operating performance. Profitability improved meaningfully, with EBITDA up 28% YoY, supported by operating leverage, disciplined cost management and execution efficiencies, even as product mix remained dynamic across quarters.
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