Carraro India Limited reported a 48% rise in net profit for the financial year ended March 31, 2026, reaching ₹1,306 million, compared to ₹881 million in the previous year. The company's revenue from operations for the year stood at ₹22,555 million, an increase of 25% from ₹18,076 million in the prior year. The board of directors, at its meeting held on May 26, 2026, approved the audited standalone and consolidated financial results and recommended a final dividend of ₹6.75 per equity share of face value ₹10 each, amounting to a payout of approximately ₹383.75 million, subject to shareholder approval. The statutory auditors, Deloitte Haskins & Sells LLP, issued an unmodified opinion on the financial results.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹417 million, compared to ₹237 million in the corresponding quarter of the previous year. Revenue from operations for the quarter increased to ₹6,067 million from ₹4,443 million. On the profitability front, Q4 EBITDA rose to ₹710 million from ₹489 million year-on-year, with the EBITDA margin improving to 11.6% from 10.9% in the same period last year. Total income for the full year rose to ₹22,840 million from ₹18,234 million in the prior year.

The following table summarises the key standalone financial metrics for the full year:

The following table highlights the key consolidated performance metrics on a year-on-year basis:

Operational Highlights

Revenue growth was driven by a 19% increase in domestic revenues to ₹14,430 million and a 37% surge in exports to ₹8,125 million. The Agricultural Equipment segment reported revenue of ₹10,192 million, while the Construction Equipment segment recorded ₹9,837 million. The company deployed capex of ₹417 million in FY26 to support new telescopic handler axle production and high-performance transmission ranges.

Management Commentary

Dr. Balaji Gopalan, Managing Director, stated that FY26 was a strong year with healthy growth across domestic and export markets. He noted that domestic revenues increased by 19% and exports by 37%, supported by sustained demand in the agricultural vehicle segment and strong export traction in construction equipment. EBITDA increased by 33% year-on-year, with margins expanding to 10.8% from 10.2% in FY25, driven by operating leverage and disciplined cost management. The company signed an engineering services agreement worth approximately ₹175 million with Montra Electric for the industrialisation and supply of e-transmissions.

Dividend and Appointments

The board recommended a final dividend of ₹6.75 per share for FY26. Additionally, the board appointed M/s Adawadkar Deshmukh & Associates as the Cost Auditors to conduct the audit of cost records for the financial year 2026-27, subject to the ratification of their remuneration by shareholders at the ensuing Annual General Meeting.

Exceptional Items

The company recognised an exceptional item of ₹88.72 million for the year ended March 31, 2026, relating to the incremental impact of new labour codes effective from November 21, 2025. This assessment was based on draft Central Rules and FAQs published by the Ministry of Labour & Employment.

Carraro India Limited has announced that its officials will attend an investor conference scheduled for June 1, 2026. The meeting is being conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The interaction is organized as a meeting with analysts and investors. The format of the meeting will include 1x1 and group sessions, providing an opportunity for market participants to engage with the company's management.

The following table outlines the specific details of the scheduled meeting:

The company has noted that the schedule is subject to change due to exigencies on the part of analysts, investors, or the company. All discussions during the conference will be based on publicly available information. Carraro India clarified that no unpublished price sensitive information (UPSI) is intended to be discussed during these interactions.

This intimation was formally addressed to the stock exchanges, BSE Limited and National Stock Exchange of India Limited, on May 20, 2026. The company requested the exchanges to take the information on record.