Carraro India Q2 profit rises 11% as domestic demand offsets margin pressure
Carraro India lifted Q2 net profit 11% and total income 19%, driven by domestic sales. EBITDA margin slipped to 9.2% as raw material and energy costs rose.
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what happened
Carraro India posted an 11 percent annual increase in consolidated profit after tax for the July-September quarter of fiscal 2027, reaching 35.1 crore rupees. Total income climbed 19 percent to 705.8 crore rupees. For the first half, income rose 16 percent and profit grew 9 percent to 66.5 crore rupees, according to Moody's.
Domestic business was the main engine. Indian revenue jumped 30 percent in the half to 865.4 crore rupees, while exports fell 9 percent to 375.8 crore rupees. The agricultural equipment segment grew 23 percent and construction equipment 8 percent.
Margins came under pressure, however. The EBITDA margin in the second quarter eased to 9.2 percent from 10 percent. Management pointed to higher raw material, energy and transport costs and said it is seeking to pass those costs on to customers. Capital spending in the half totaled 20.4 crore rupees.
why it matters
For markets, the result shows that demand in India remains solid, though profit growth has lagged revenue growth because of cost pressure. The company expects margin recovery to be gradual. The key question ahead is whether Carraro India can pass higher input costs on to its customers.
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sources
- Carraro India Q2 Net Profit Rises 11% To Rs 35.1 Cr, H1 Income Up 16% — Moody's, 7 November 2026 at 16:31 UTC
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