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Latest news about Carraro

Carraro India Receives Draft Assessment Order with Reduced Tax Adjustments from Income Tax Department 1 day ago

Carraro India Limited received a draft assessment order from the Income Tax Department on March 9, 2026, proposing tax adjustments of Rs. 61.73 crore for transfer pricing matters and Rs. 52.61 lakh for corporate tax adjustments. The proposed amounts represent a downward revision from earlier demands, with corporate tax adjustments reduced from Rs. 27.63 crore. The company plans to contest these adjustments through appropriate legal forums and believes it will receive favorable relief, with no immediate impact on operations expected.

Carraro India Limited Seeks Shareholder Approval for Material Related Party Transaction Worth ₹10,129.49 Million Feb 27, 2026

Carraro India Reports Strong Q3 FY26 Results with 27% Revenue Growth and 91% PAT Surge Feb 12, 2026

Carraro India Inaugurates First Authorised Service Centre in Faridabad, Plans Four Regional Hubs by 2026 Jan 23, 2026

Carraro India Receives ₹2.74 Crore Tax Relief and ₹5.26 Crore Refund from Income Tax Authorities Jan 19, 2026

More news about Carraro

19Nov 25

Carraro India Surges Ahead with 33% Q2 Revenue Growth, Eyes Exceeding Full-Year Guidance

Carraro India, a manufacturer of transmission systems for off-highway vehicles, reported a 33% year-on-year revenue growth in Q2, with income from operations reaching INR 586.00 crores. The growth was driven by robust export demand for teleboom handler axles and strong domestic growth in the four-wheel drive axle segment. The construction vehicles segment showed exceptional 57% growth. Exports increased by 31% year-on-year in the first half of the fiscal year. The company is experiencing some near-term pressure on profitability due to changes in product mix but remains confident in its medium-term margin roadmap. Carraro India invested INR 21.10 crores in its Ranjangaon facility and continues to focus on innovation. Management expects to exceed the full-year guidance of EUR 220.00 million in revenue.

14Oct 25

Carraro India Secures Rs 17.50 Crore Contract for E-Transaxle Development in Electric Tractors

Carraro India Limited has won a Rs 17.50 crore engineering services contract from TI Clean Mobility Private Ltd - Montra Electric to develop E-Transaxles for electric-powered agricultural tractors. The project, set to be completed by March 2027, involves detailed feasibility studies and industrialization of E-Transaxles. This contract positions Carraro India as a key player in the electric agricultural machinery sector, aligning with the growing trend of electrification in agriculture.

14Oct 25

Carraro India Secures Favorable Closure in GST Input Tax Credit Case

Carraro India Limited has successfully resolved a tax matter with GST authorities. The company received a closure report from the Assistant Commissioner, CGST Division VII Shirur, concluding proceedings in its favor. The case involved an alleged discrepancy of ₹196.60 million in input tax credit between April 2021 and December 2021. Carraro India made satisfactory submissions addressing the concerns raised in the original notice dated February 21, 2022. The closure report, received on October 13, 2025, effectively grants the company complete relief from the alleged discrepancy.

18Sept 25

Carraro India Faces Rs 15.25 Crore IGST Demand in Customs Classification Dispute

Carraro India Limited received a Show Cause Notice from the Customs Office, challenging the classification of imported goods and demanding additional IGST of Rs 15.25 crore. The dispute centers on whether certain imports should be taxed at 28% instead of 18%. The company plans to respond within 30 days and believes it will receive favorable relief based on legal advice and past precedents. Carraro India assures no immediate financial impact on its operations.

17Sept 25

Motilal Oswal MF Sells 10 Lakh Carraro India Shares in Block Deal

Motilal Oswal Mutual Fund has sold 10 lakh shares of Carraro India at ₹449.00 per share in a block deal, with Bajaj Allianz Life Insurance Company as the buyer. This sale represents a near-complete exit from their 1.85% stake. Carraro India's stock closed at ₹446.05, down 1.77%, and remains about 37% below its IPO price of ₹704.00. Despite this exit, mutual funds collectively hold a 12.66% stake in the company, with HSBC Smallcap Fund, LIC Manufacturing Fund, and Edelweiss Smallcap Fund among the major holders.

11Aug 25

Carraro India Reports 4% Revenue Growth in Q1 FY26, Maintains 11% EBITDA Margin

Carraro India Limited achieved 4% year-on-year revenue growth in Q1 FY26, reaching INR 4,929.00 million. EBITDA was INR 548.00 million with an 11% margin, and profit after tax was INR 291.00 million. Domestic volumes grew 3%, exports increased 5%, with strong performance in the four-wheel drive axle segment. The company secured new projects, completed prototypes, and signed an agreement for electric tractor transmission design. Carraro India maintains a 60-65% market share in the non-captive four-wheel drive segment and targets EUR 350.00 million in revenue by FY28-29. The company expects 8-12% revenue growth for FY26 and aims to improve EBITDA margin by 100 basis points annually for the next 2-3 years.

05Aug 25

Carraro India Reports 5% Revenue Growth in Q1; Sets Record Date for Rs. 4.55 Dividend

Carraro India Limited, a Tier-1 supplier of axles and transmission systems, reported a 5% year-on-year increase in total income for Q1, reaching Rs. 4,999.00 million. EBITDA grew by 2% to Rs. 548.00 million, while net profit rose 5% to Rs. 291.00 million. The construction equipment segment saw 16% growth, offsetting a 3% decline in agricultural equipment. Export sales increased by 5%. The company announced a final dividend of Rs. 4.55 per share, with September 3 set as the record date. Management projects 8-12% topline growth, citing expected infrastructure activity and capital spending increases.

05Aug 25

Carraro India Reports Strong Q1 Results, Announces Dividend and Board Changes

Carraro India Limited reported robust Q1 financial results with standalone revenue increasing 4.1% to Rs. 4,891.84 crore and PAT rising 4.2% to Rs. 285.06 crore year-over-year. The company announced a final dividend of Rs. 4.55 per share, subject to shareholder approval. The 28th AGM is scheduled for September 11, with September 3 set as the record date for dividend eligibility. The Board approved the re-appointment of two Non-executive Directors, Tomaso Carraro and Enrico Gomiero, pending shareholder approval at the AGM.

26Jun 25

Carraro India's Lock-in Period Ends: ₹1,234 Crore Shares Eligible for Trade

Carraro India's six-month shareholder lock-in period expires on June 26, making 28 million shares (49% of outstanding equity) worth ₹1,234.00 crore eligible for trading. The stock closed at ₹441.00, down 40% from its IPO price. Despite this, the company targets 8-10% growth for FY2026 and aims for ₹3,100.00 crore revenue by 2030.

27May 25

Carraro India's Q4 Performance Soars with Higher EBITDA and Net Profit, Announces Dividend

Carraro India posted impressive Q4 financial results with revenue up 12.80% to ₹4.40 billion, EBITDA up 19.50% to ₹453.00 million, and net profit up 30.20% to ₹237.00 million year-over-year. The company's EBITDA margin improved to 10.20%. Additionally, Carraro India declared a final dividend of ₹4.55 per equity share.

12Mar 25

Carraro India Receives Draft Assessment Order from Income Tax Department, Proposes Downward Settlement

Carraro India Limited has received a Draft Assessment Order from the Income Tax Department, proposing to settle contentions downwards to ₹70,88,85,502 related to a Transfer Pricing assessment. The company plans to contest the proposed adjustments and is confident of favorable relief. There's no immediate financial impact, and the disclosure complies with SEBI regulations.

27Feb 25

Carraro India Reports Q3 Profit Dip, Focuses on Expansion and Margin Improvement

Carraro India's Q3 financial results show a 24% decrease in net profit to ₹14.7 crore, despite a 3% increase in revenue to ₹448.7 crore. The company is expanding into electric tractors and teleboom handlers markets while targeting a 15% EBITDA margin within three years through product mix enhancement and increased gear volumes.