Carraro India Ltd

Transpek Industry Ltd, Aequs Ltd, Scoda Tubes Ltd and Insolation Energy Ltd are among the other losers in the BSE's 'B' group today, 27 May 2026.Carraro India Ltd crashed 10.56% to Rs 543.65 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 1.41 lakh shares were traded on the counter so far as against the average daily volumes of 5827 shares in the past one month.Transpek Industry Ltd lost 10.06% to Rs 1078.7. The stock was the second biggest loser in 'B' group.On the BSE, 8375 shares were traded on the counter so far as against the average daily volumes of 587 shares in the past one month.Aequs Ltd tumbled 10.00% to Rs 190.45. The stock was the third biggest loser in 'B' group.On the BSE, 3.33 lakh shares were traded on the counter so far as against the average daily volumes of 2.54 lakh shares in the past one month.Scoda Tubes Ltd plummeted 9.94% to Rs 124.6. The stock was the fourth biggest loser in 'B' group.On the BSE, 61931 shares were traded on the counter so far as against the average daily volumes of 16536 shares in the past one month.Insolation Energy Ltd corrected 9.46% to Rs 121.5. The stock was the fifth biggest loser in 'B' group.On the BSE, 3.87 lakh shares were traded on the counter so far as against the average daily volumes of 1.76 lakh shares in the past one month.Powered by Capital Market - Live

Profit before tax (PBT) jumped 71.3% YoY to Rs 54.90 crore in Q4 FY26 from Rs 32.05 crore posted in Q4 FY25. EBITDA (including other income) stood at Rs 70.96 crore, registering a growth of 45.1% compared with Rs 48.89 crore posted in the corresponding quarter last year. EBITDA margin stood at 11.7% in Q4 FY26 compared with 11.0% in Q4 FY25. Revenue from agricultural equipment rose 37% YoY to Rs 278.4 crore, construction equipment jumped 36% YoY to Rs 261.3 crore, and the other segment increased 40% YoY to Rs 67 crore in Q4 FY26. In Q4 FY26, domestic sales stood at Rs 396.8 crore, up 24% YoY, while export sales climbed sharply 68% YoY to Rs 209.9 crore. On a full-year basis, the company's consolidated net profit jumped 48.2% to Rs 130.56 crore on a 24.8% increase in revenue from operations to Rs 2,255.49 crore in FY26 over FY25. In FY26, the company deployed capex of Rs 41.7 crore to support production of axles for new telescopic handlers, develop a high-performance transmission range for agricultural applications, and enhance capacity to meet incremental sales demand. Balaji Gopalan, managing director, Carraro India, said, 'FY26 was a strong and encouraging year for Carraro India, with the company delivering healthy growth across both domestic and export markets, along with EBITDA profitability in line with the guidance shared during the year. Revenue from operations grew by 25% year-on-year, supported by sustained demand in the domestic market, particularly in the agricultural vehicle segment, and strong export traction led by the construction equipment segment. Domestic revenues increased by 19% year-on-year, while exports grew by 37% year-on-year. The domestic agriculture business continued to witness strong momentum, supported by the accelerated transition from 2WD to 4WD tractors following the GST-led narrowing of the price gap between 2WD and 4WD tractors. This structural shift, combined with strong customer demand, resulted in robust growth in the domestic 4WD axle market, with 4WD tractor growth outpacing the overall market. In line with the anticipated demand increase, we are ramping up capacity to support growth over the coming years. Our engineering services business continued to gain traction, reporting revenues of Rs 10 crore in FY26. Encouragingly, we are witnessing increasing customer enquiries for higher HP and advanced technology configurations, reflecting growing market confidence in our capabilities and the relevance of our solutions. During the year, we signed an engineering services agreement worth approximately Rs 17.5 crore with Montra Electric for the industrialisation and supply of e-transmissions. The project is progressing well, and we have received a prototype order for field validation. Discussions with another customer for engineering services are also progressing positively, and we expect this business to scale up meaningfully over time. In the gears business, we secured a business nomination from a major OEM for bull gears, valued at approximately Rs 15 crore p.a. from FY28. While the gears business remained subdued during FY26, we are working with two new customers/projects, and the ongoing initiatives are expected to support gradual improvement in performance over the coming quarters. On the manufacturing front, we continued to invest in capacity, technology and process improvements. During FY26, we deployed capex of Rs. 417 million to support new telescopic handler axle production, high-performance transmission programs for agricultural applications and incremental capacity expansion. The Board-approved capex to expand axle capacity to 154,160 units is aligned with our strong demand outlook and will support future growth. We also continued to strengthen our aftermarket and customer support ecosystem through the expansion of authorized service centers. Overall, Carraro India enters its next phase of growth with a stronger business foundation, deeper customer relationships, enhanced engineering capabilities, increasing localisation and a healthy demand outlook across key end markets.' The board has recommended a final dividend of Rs 6.75 per equity share of face value Rs 10 each (67.5%) for the financial year ended 31 March 2026, subject to shareholders' approval at the ensuing Annual General Meeting (AGM) of the company. Carraro India is engaged in the manufacture and supply of transmission systems and related components for agricultural and construction equipment, catering primarily to original equipment manufacturers (OEMs). The company's product portfolio includes axles, transmissions, drives, and gears.Powered by Capital Market - Live

Carraro India announced that the Board of Directors of the Company at its meeting held on 26 May 2026, inter alia, have recommended the final dividend of Rs 6.75 per equity Share (i.e. 67.5%) , subject to the approval of the shareholders.

Net profit of Carraro India rose 75.72% to Rs 41.68 crore in the quarter ended March 2026 as against Rs 23.72 crore during the previous quarter ended March 2025. Sales rose 36.57% to Rs 606.72 crore in the quarter ended March 2026 as against Rs 444.27 crore during the previous quarter ended March 2025. For the full year,net profit rose 48.16% to Rs 130.56 crore in the year ended March 2026 as against Rs 88.12 crore during the previous year ended March 2025. Sales rose 24.78% to Rs 2255.49 crore in the year ended March 2026 as against Rs 1807.55 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales606.72444.27 37 2255.491807.55 25 OPM %10.4610.19 -9.719.44 - PBDT66.1843.57 52 227.98163.86 39 PBT54.9032.05 71 182.28118.66 54 NP41.6823.72 76 130.5688.12 48 Powered by Capital Market - Live

Carraro India will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Net profit of Carraro India rose 91.27% to Rs 28.06 crore in the quarter ended December 2025 as against Rs 14.67 crore during the previous quarter ended December 2024. Sales rose 26.95% to Rs 569.59 crore in the quarter ended December 2025 as against Rs 448.66 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales569.59448.66 27 OPM %9.707.21 - PBDT58.0931.09 87 PBT46.4219.69 136 NP28.0614.67 91 Powered by Capital Market - Live

Carraro India will hold a meeting of the Board of Directors of the Company on 11 February 2026.Powered by Capital Market - Live

Profit before tax (PBT) climbed 44.43% YoY to Rs 42.52 crore in Q2 FY26. EBITDA (including other income) stood at Rs 59.3 crore, registering the growth of 25% compared with Rs 47.5 crore posted in corresponding quarter last year. EBITDA margin fell to 10% in Q2 FY26 from 10.7% in Q2 FY25. Revenue from agricultural equipment rose 16% YoY to Rs 254.1 crore, construction equipment jumped 57% YoY to Rs 266.5 crore and others segment increased 24% yoY to Rs 65.7 crore in Q2FY26. In Q2 FY26, domestic sales stood at Rs 366.2 crore, up 19% YoY, while export sales climbed sharply 65% YoY to Rs 220.1 crore. Balaji Gopalan, managing director, Carraro India, said, 'The first half of FY26 has been both steady and encouraging for Carraro India. Revenue from operations grew 18% year-on-year, supported by healthy volume growth across both domestic and export markets. Our domestic business grew by 11% year-on-year, driven by strong demand for 4WD axles in the agriculture segment and a stable performance in the construction equipment segment. Exports delivered an even stronger growth of 31% year-on-year, led primarily by Tele Boom Handler ('TBH') axels. While indirect exports of agricultural drivelines remained soft, resilient domestic demand helped maintain our overall volume trajectory. A noteworthy development during H1 was our engineering services agreement with Montra Electric for the industrialization and supply of e-transmissions for electric-powered agricultural tractors Revenue from our engineering services business stood at INR 50 million in Q2, compared to INR 17 million in the same period last year. We developed six prototypes during the half year, three of which have already moved into production. We also dispatched two units of the new T100 EVO prototype to a large Indian tractor OEM. On the manufacturing front, we progressed on our capacity-expansion roadmap. We installed two Sealed Quenched Furnace units at the gear plant. The 800-pallet MAZAK machining centre commissioned in June has boosted throughput and flexibility. Additionally, the arrival of the TLB test bench in July and the installation of a robotic washing machine in September further enhance our readiness to meet future demand. Further strengthening our after-sales network, we partnered with authorized service centers, one in North India and two in South India ' a step towards boosting our presence in aftermarket/ spare parts segment.' Carraro India is a technology-driven integrated supplier specializing in complex engineering products and solutions for OEMs. It designs, manufactures, and sells transmission systems (axles, transmissions, and drives) primarily for agricultural tractors and construction equipment.Powered by Capital Market - Live

Net profit of Carraro India rose 44.35% to Rs 31.70 crore in the quarter ended September 2025 as against Rs 21.96 crore during the previous quarter ended September 2024. Sales rose 33.06% to Rs 586.26 crore in the quarter ended September 2025 as against Rs 440.59 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales586.26440.59 33 OPM %8.949.73 - PBDT54.0540.82 32 PBT42.5329.45 44 NP31.7021.96 44 Powered by Capital Market - Live

Profit before tax (PBT) climbed 44.43% YoY to Rs 42.52 crore in Q2 FY26. EBITDA (including other income) stood at Rs 59.3 crore, registering the growth of 25% compared with Rs 47.5 crore posted in corresponding quarter last year. EBITDA margin fell to 10% in Q2 FY26 from 10.7% in Q2 FY25. Revenue from agricultural equipment rose 16% YoY to Rs 254.1 crore, construction equipment jumped 57% YoY to Rs 266.5 crore and others segment increased 24% yoY to Rs 65.7 crore in Q2FY26. In Q2 FY26, domestic sales stood at Rs 366.2 crore, up 19% YoY, while export sales climbed sharply 65% YoY to Rs 220.1 crore. Balaji Gopalan, managing director, Carraro India, said, 'The first half of FY26 has been both steady and encouraging for Carraro India. Revenue from operations grew 18% year-on-year, supported by healthy volume growth across both domestic and export markets. Our domestic business grew by 11% year-on-year, driven by strong demand for 4WD axles in the agriculture segment and a stable performance in the construction equipment segment. Exports delivered an even stronger growth of 31% year-on-year, led primarily by Tele Boom Handler ('TBH') axels. While indirect exports of agricultural drivelines remained soft, resilient domestic demand helped maintain our overall volume trajectory. A noteworthy development during H1 was our engineering services agreement with Montra Electric for the industrialization and supply of e-transmissions for electric-powered agricultural tractors Revenue from our engineering services business stood at INR 50 million in Q2, compared to INR 17 million in the same period last year. We developed six prototypes during the half year, three of which have already moved into production. We also dispatched two units of the new T100 EVO prototype to a large Indian tractor OEM. On the manufacturing front, we progressed on our capacity-expansion roadmap. We installed two Sealed Quenched Furnace units at the gear plant. The 800-pallet MAZAK machining centre commissioned in June has boosted throughput and flexibility. Additionally, the arrival of the TLB test bench in July and the installation of a robotic washing machine in September further enhance our readiness to meet future demand. Further strengthening our after-sales network, we partnered with authorized service centers, one in North India and two in South India ' a step towards boosting our presence in aftermarket/ spare parts segment.' Carraro India is a technology-driven integrated supplier specializing in complex engineering products and solutions for OEMs. It designs, manufactures, and sells transmission systems (axles, transmissions, and drives) primarily for agricultural tractors and construction equipment. The scrip jumped 2.03% to settle at Rs 541.55 on the BSE.Powered by Capital Market - Live