Indo farm equipment Limited has released the complete transcript of its quarterly earnings call held on February 12, 2026, providing comprehensive insights into the company's Q3FY26 performance and strategic roadmap. The transcript, made available on February 17, 2026, covers detailed discussions on financial results for the quarter and nine months ended December 31, 2025.

Financial Performance Highlights

The company demonstrated solid growth momentum across key metrics during the quarter. Chairman and Managing Director Mr. Ranbir Singh Khadwalia presented the financial highlights during the earnings call.

Segment-wise Performance Analysis

The tractor segment emerged as the standout performer, while the crane segment faced temporary challenges due to emission norm transitions.

Tractor Division Performance

Crane Division Performance

Strategic Expansion and Growth Outlook

The management outlined ambitious expansion plans during the earnings call, focusing on capacity enhancement and market penetration.

New Crane Facility Development

Tower Crane Initiative

Dealer Network Expansion

The company significantly strengthened its distribution network across both divisions during the quarter.

Export Market Development

The company has initiated export activities with encouraging initial results. Following participation in agricultural exhibitions in Germany, Indo Farm received a trial order for 48 tractors from Germany, marking the beginning of European market penetration. Additional small trial orders have been secured from the UK market.

Financial Guidance and Projections

Management provided comprehensive guidance for the current and upcoming financial years during the earnings call.

FY26 Guidance

FY27 Outlook

Market Dynamics and Challenges

The crane segment experienced temporary headwinds due to the transition from BS3 to BS5 emission norms, which affected industry-wide acceptance and pricing. However, management indicated that market conditions have normalized from January 2026 onwards, with improved booking trends observed.

The average selling price for cranes increased by approximately 10% due to the new emission norms, rising from ₹19.5 lakh to ₹21.5-21.9 lakh per unit.

Regulatory Compliance

The transcript release was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, demonstrating the company's commitment to transparency and regulatory compliance. The document was signed by Ms. Navpreet Kaur, Company Secretary & Compliance Officer.

Source: Indo Farm Equipment Limited Earnings Call Transcript

Indo Farm Equipment has reported mixed financial results for Q3, demonstrating strong profit growth while experiencing a decline in EBITDA margins. The company's performance reflects varying operational dynamics across different financial metrics during the quarter.

Comprehensive Financial Performance

The company's Q3 results present a contrasting picture with robust bottom-line growth alongside operational margin pressures. While profitability showed significant improvement, EBITDA performance indicated some operational challenges during the quarter.

Profitability Trends

The company achieved a net profit of ₹46 million in Q3, representing a year-on-year increase of 24.32% from ₹37 million recorded in the same quarter of the previous year. This improvement in profitability demonstrates effective cost management at the operational level despite facing margin pressures in other areas.

Revenue and EBITDA Analysis

Revenue performance showed consistent growth with Q3 revenue reaching ₹1 billion, marking a 10.13% increase from ₹908 million in the corresponding quarter. However, EBITDA declined to ₹108 million from ₹121 million in the previous year, resulting in an EBITDA margin compression to 10.69% compared to 13.29% in the same period last year.

Operational Performance Summary

The Q3 results highlight a mixed operational scenario for Indo Farm Equipment. While the company successfully delivered strong net profit growth and revenue expansion, the decline in EBITDA and margin compression indicates operational challenges that may require management attention. The contrasting performance between profit growth and EBITDA decline suggests varying cost dynamics across different operational levels.