Carraro India Reports Strong FY25 Performance, Recommends Rs 4.55 Dividend Per Share

Carraro India Limited announced its financial results for the year ended March 31, 2025, reporting a net profit of Rs 861.87 million, representing a 42% increase from Rs 605.81 million in the previous year. The Board of Directors has recommended a final dividend of Rs 4.55 per equity share, subject to shareholder approval at the upcoming Annual General Meeting.

The company's revenue from operations grew 1.2% to Rs 17,921.53 million in FY25 compared to Rs 17,704.54 million in FY24. For the fourth quarter ended March 31, 2025, the company reported a profit of Rs 231.09 million and revenue of Rs 4,406.07 million. The earnings per share increased to Rs 15.16 for the full year from Rs 10.66 in the previous year.

During the year, Carraro India completed its Initial Public Offering in December 2024, with 17,755,682 equity shares listed on the National Stock Exchange and BSE Limited. The IPO comprised an offer for sale by the promoter Carraro International S.E. at Rs 704 per share, aggregating Rs 12,500 million, representing 31.23% of the post-offer paid-up equity share capital.

The company also expanded its operations by acquiring 99% shareholding in Carraro Technologies India Private Limited from Carraro International SE for Rs 239.8 million in June 2024. This acquisition strengthened the company's technology capabilities and market position in the automotive components sector.

Carraro India, formerly known as Carraro India Private Limited, is engaged in manufacturing automotive equipment, parts and components. The company operates from its registered office in Ranjangaon, Pune, and serves customers across India. The automotive components industry has been experiencing steady growth driven by increased vehicle production and technological advancements.

The Board of Directors also approved several key appointments during the meeting held on May 27, 2025. These included the re-appointment of Dr. Balaji Gopalan as Managing Director for approximately three years and six months starting February 2026, and Mr. Sudhendra Mannikar as Whole-time Director and Chief Operating Officer for a similar tenure starting March 2026. Both appointments are subject to shareholder approval.

Additionally, the company appointed M/s. Mehta & Mehta as Secretarial Auditors for five consecutive years from 2025-26 to 2029-30, and M/s Adawadkar Deshmukh & Associates as Cost Auditors for the financial year 2025-26. The company's audited financial statements received an unmodified opinion from statutory auditors Deloitte Haskins & Sells LLP.

The automotive components sector in India has been benefiting from government initiatives promoting electric vehicles and the overall growth in the automotive industry. Companies like Carraro India are positioned to capitalize on these trends through their manufacturing capabilities and technological expertise in drivetrain and transmission systems.