Carraro India Limited, a leading Tier‑I supplier of axles, transmission systems, and gears, reported a steady start to FY27 with consolidated revenue growth driven by strong domestic demand, despite global export challenges.
The company’s total income rose 12% year‑on‑year to INR 5,587 million, while EBITDA increased 6% to INR 579 million and PAT climbed 8% to INR 314 million. Margins were slightly compressed due to higher energy and raw material costs, but disciplined cost management helped sustain earnings.
Operationally, Carraro India’s domestic business surged 26%, supported by robust demand for 4WD axles in the agricultural segment following GST reforms. Exports, however, fell 14% amid geopolitical uncertainty and uneven overseas demand.
Key highlights included:
- Tele‑boom Handler (TBH) axles ramp‑up for international OEMs, with new domestic projects progressing on schedule
- Backhoe Loader (BHL) drivelines sales to Indian OEMs rising 18%, outperforming the broader market
- Engineering services gaining traction, with the Montra Electric e‑transmission project advancing and new assignments worth INR 33 million secured
- Higher HP transmission programmes reaching milestones, with series production for a Turkish customer commencing in Q1 FY27
- Capex investments in a new paint‑shop building and enhanced axle capacity to support future growth
Dr Balaji Gopalan, Managing Director, noted: “Strong domestic momentum, recovering supply chains, and the ramp‑up of new programmes position us well for FY27. Better cost absorption, improved operating efficiencies, and continued discipline are expected to support margin improvement as we work towards our medium‑term objectives.”
Carraro India, part of the global Carraro Group, continues to strengthen its role as a technology‑driven supplier to OEMs in agriculture and construction equipment, with expanding R&D and manufacturing capabilities in Pune.
Marex Media
Release By Adfactors PR