Carraro India Limited Q2 FY26 earnings call summary

Earnings call of 17 Nov 2025, summarised by AI from the filing.

Product mix shift to lower-margin four-wheel drive axles impacted realizations and margins.

Key takeaways

1. Margin pressure Product mix shift to lower-margin four-wheel drive axles impacted realizations and margins.
2. Export driver Teleboom handler axle ramp-up for global OEM drove 31% export growth in H1.
3. Supply chain Supplier capacity constraints during boom periods and validation delays are key execution risks.

Original filing on BSE

Carraro India Limited Q1 FY27 results

As filed: Revenue ₹545 cr (+10% year on year), EBITDA ₹44.0 cr (−6% year on year), PAT ₹31.4 cr (+8% year on year), EBITDA margin 8.1% (−146 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹607 cr (+37% year on year), EBITDA ₹63.5 cr (+41% year on year), PAT ₹41.7 cr (+74% year on year), EBITDA margin 10.5% (+32 bps). Score 86 of 100, Above trend. EBITDA margin rose 32 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −7.9% in 30 days (Nifty 500: +0.9%).
• Q3 FY26: Revenue ₹570 cr (+27% year on year), EBITDA ₹55.2 cr (+73% year on year), PAT ₹28.1 cr (+132% year on year), EBITDA margin 9.7% (+257 bps). Score 91 of 100, Above trend. EBITDA margin rose 257 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −22.7% in 30 days (Nifty 500: −10.1%).
• Q2 FY26: Revenue ₹582 cr, EBITDA ₹50.0 cr, PAT ₹31.0 cr, EBITDA margin 8.6%. Not scored. No result for the same quarter last year. Share price after the results: +0.4% in 28 days (Nifty 500: −0.5%).
• Q1 FY26: Revenue ₹489 cr, EBITDA ₹47.0 cr, PAT ₹29.0 cr, EBITDA margin 9.6%. Not scored. No result for the same quarter last year. Share price after the results: −8.4% in 30 days (Nifty 500: +0.1%).
• Q4 FY25: Revenue ₹441 cr, EBITDA ₹43.0 cr, PAT ₹23.0 cr, EBITDA margin 9.8%. Not scored. No result for the same quarter last year. Share price after the results: −3.8% in 30 days (Nifty 500: +3.1%).
• Q3 FY25: Revenue ₹445 cr, EBITDA ₹31.0 cr, PAT ₹14.0 cr, EBITDA margin 7.0%. Not scored. No result for the same quarter last year.

Past price moves after results do not indicate future moves. Not a recommendation.

Carraro India Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (7 Aug 2026), Results deck (6 Aug 2026), Results press release (6 Aug 2026)
• Q4 FY26: Earnings call (27 May 2026), Results deck (26 May 2026)
• Q3 FY26: Earnings call (12 Feb 2026), Results deck (11 Feb 2026), Results deck (11 Feb 2026)
• Q2 FY26: Earnings call (17 Nov 2025), Results deck (14 Nov 2025), Results press release (14 Nov 2025)
• Q1 FY26: Earnings call (6 Aug 2025), Results deck (5 Aug 2025), Results press release (5 Aug 2025)
• Q4 FY25: Earnings call (28 May 2025), Results deck (27 May 2025), Results press release (27 May 2025)