Q2 FY 25-26 Consolidated

General Information

Scrip code*	544320
NSE Symbol*	CARRARO
MSEI Symbol*	NOTLISTED
ISIN*	INE0V7W01012
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2025
Date of end of financial year	31-03-2026
Date of board meeting when results were approved	14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-09-2025
Description of presentation currency	INR
Level of rounding	Millions
Reporting Type	Quarterly
Reporting Quarter	Second quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Unaudited
Segment Reporting	Single segment
Description of single segment	Manufacturing
Start date of board meeting	14-11-2025
Start time of board meeting	14:30:00
End date of board meeting	14-11-2025
End time of board meeting	16:50:00
Whether cash flow statement is applicable on company	true
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Not applicable

Financial Results - Ind-AS

Amount in (Millions)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	5,862.55	10,791.81
	Other income	68.30	138.23
	Total income	5,930.85	10,930.04
2	Expenses
(a)	Cost of materials consumed	4,346.10	7,947.16
(b)	Purchases of stock-in-trade	0.00	0.00
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	18.47	( 19.23 )
(d)	Employee benefit expense	418.69	831.60
(e)	Finance costs	52.11	103.89
(f)	Depreciation, depletion and amortisation expense	115.26	227.43
(g)	Other Expenses
1	Other Expenses	554.96	1,029.55
	Total other expenses	554.96	1,029.55
	Total expenses	5,505.59	10,120.40
3	Total profit before exceptional items and tax	425.26	809.64
4	Exceptional items	0.00	0.00
5	Total profit before tax	425.26	809.64
6	Tax expense
7	Current tax	101.56	195.12
8	Deferred tax	6.63	6.25
9	Total tax expenses	108.19	201.37
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	317.07	608.27
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	317.07	608.27
17	Other comprehensive income net of taxes	( 2.03 )	( 2.98 )
18	Total Comprehensive Income for the period	315.04	605.29
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	316.95	608.09
	Total profit or loss, attributable to non-controlling interests	0.12	0.18
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	314.92	605.12
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0.12	0.18
21	Details of equity share capital
	Paid-up equity share capital	568.52	568.52
	Face value of equity share capital	10.00	10.00
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.58	10.70
	Diluted earnings (loss) per share from continuing operations	5.58	10.70
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0.00	0.00
	Diluted earnings (loss) per share from discontinued operations	0.00	0.00
iii	Earnings per equity share (for continuing and discontinued operations)
	Basic earnings (loss) per share from continuing and discontinued operations	5.58	10.70
	Diluted earnings (loss) per share from continuing and discontinued operations	5.58	10.70
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Remarks for debt equity ratio
28	Remarks for debt service coverage ratio
29	Remarks for interest service coverage ratio
30	Disclosure of notes on financial results	Textual Information(1)

Text Block

Textual Information(1)

For detailed notes refer full results uploaded on website of stock exchanges and company.

Other Comprehensive Income

Amount in (Millions)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-07-2025	01-04-2025
Date of end of reporting period		30-09-2025	30-09-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of net defined benefit liability	( 2.71 )	( 3.98 )
	Total Amount of items that will not be reclassified to profit and loss	( 2.71 )	( 3.98 )
2	Income tax relating to items that will not be reclassified to profit or loss	( 0.68 )	( 1.00 )
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	(2.03)	(2.98)

Statement of Asset and Liabilities

Amount in (Millions)

Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	3,524.24
	Capital work-in-progress	0.35
	Investment property	0.00
	Goodwill	0.00
	Other intangible assets	251.24
	Intangible assets under development	0.00
	Biological assets other than bearer plants	0.00
	Investments accounted for using equity method	0.00
	Non-current financial assets
	Non-current investments	0.00
	Trade receivables, non-current	0.00
	Loans, non-current	0.00
	Other non-current financial assets	44.09
	Total non-current financial assets	44.09
	Deferred tax assets (net)	21.10
	Other non-current assets	344.59
	Total non-current assets	4,185.61
2	Current assets
	Inventories	3,024.51
	Current financial asset
	Current investments	0.00
	Trade receivables, current	3,244.98
	Cash and cash equivalents	936.53
	Bank balance other than cash and cash equivalents	0.00
	Loans, current	0.00
	Other current financial assets	50.76
	Total current financial assets	4,232.27
	Current tax assets (net)	0.00
	Other current assets	366.40
	Total current assets	7,623.18
3	Non-current assets classified as held for sale	0.00
4	Regulatory deferral account debit balances and related deferred tax Assets	0.00
	Total assets	11,808.79
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	568.52
	Other equity	4,357.54
	Total equity attributable to owners of parent	4,926.06
	Non controlling interest	1.25
	Total equity	4,927.31
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1,197.25
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0.00
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0.00
	Total Trade payable	0.00
	Other non-current financial liabilities	131.27
	Total non-current financial liabilities	1,328.52
	Provisions, non-current	516.08
	Deferred tax liabilities (net)	0.00
	Deferred government grants, Non-current	0.00
	Other non-current liabilities	0.00
	Total non-current liabilities	1,844.60
	Current liabilities
	Current financial liabilities
	Borrowings, current	492.09
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	307.82
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	3,560.77
	Total Trade payable	3,868.59
	Other current financial liabilities	92.15
	Total current financial liabilities	4,452.83
	Other current liabilities	194.03
	Provisions, current	390.02
	Current tax liabilities (Net)	0.00
	Deferred government grants, Current	0.00
	Total current liabilities	5,036.88
3	Liabilities directly associated with assets in disposal group classified as held for sale	0.00
4	Regulatory deferral account credit balances and related deferred tax liability	0.00
	Total liabilities	6,881.48
	Total equity and liabilites	11,808.79
	Disclosure of notes on assets and liabilities

Cash flow statement indirect

Amount in (Millions)

Particulars		Half Year ended (dd-mm-yyyy)
Date of start of reporting period		01-04-2025
Date of end of reporting period		30-09-2025
Whether results are audited or unaudited		Unaudited
Nature of report standalone or consolidated		Consolidated
Part I	Blue color marked fields are non-mandatory.
1	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	809.64
2	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	102.51
	Adjustments for decrease (increase) in inventories	( 37.27 )
	Adjustments for decrease (increase) in trade receivables, current	( 322.40 )
	Adjustments for decrease (increase) in trade receivables, non-current	0.00
	Adjustments for decrease (increase) in other current assets	( 99.99 )
	Adjustments for decrease (increase) in other non-current assets	1.71
	Adjustments for other financial assets, non-current	0.19
	Adjustments for other financial assets, current	( 27.51 )
	Adjustments for other bank balances	0.00
	Adjustments for increase (decrease) in trade payables, current	333.72
	Adjustments for increase (decrease) in trade payables, non-current	0.00
	Adjustments for increase (decrease) in other current liabilities	5.09
	Adjustments for increase (decrease) in other non-current liabilities	0.00
	Adjustments for depreciation and amortisation expense	227.43
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0.00
	Adjustments for provisions, current	54.96
	Adjustments for provisions, non-current	( 5.89 )
	Adjustments for other financial liabilities, current	0.11
	Adjustments for other financial liabilities, non-current	0.00
	Adjustments for unrealised foreign exchange losses gains	24.44
	Adjustments for dividend income	0.00
	Adjustments for interest income	1.43
	Adjustments for share-based payments	0.00
	Adjustments for fair value losses (gains)	( 1.83 )
	Adjustments for undistributed profits of associates	0.00
	Other adjustments for which cash effects are investing or financing cash flow	0.00
	Other adjustments to reconcile profit (loss)	0.00
	Other adjustments for non-cash items	( 1.40 )
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0.00
	Total adjustments for reconcile profit (loss)	252.44
	Net cash flows from (used in) operations	1,062.08
	Dividends received	0.00
	Interest paid	0.00
	Interest received	0.00
	Income taxes paid (refund)	228.85
	Other inflows (outflows) of cash	0.00
	Net cash flows from (used in) operating activities	833.23
3	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0.00
	Cash flows used in obtaining control of subsidiaries or other businesses	0.00
	Other cash receipts from sales of equity or debt instruments of other entities	0.00
	Other cash payments to acquire equity or debt instruments of other entities	0.00
	Other cash receipts from sales of interests in joint ventures	0.00
	Other cash payments to acquire interests in joint ventures	0.00
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0.00
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0.00
	Proceeds from sales of property, plant and equipment	1.40
	Purchase of property, plant and equipment	146.25
	Proceeds from sales of investment property	0.00
	Purchase of investment property	0.00
	Proceeds from sales of intangible assets	0.00
	Purchase of intangible assets	1.18
	Proceeds from sales of intangible assets under development	0.00
	Purchase of intangible assets under development	0.00
	Proceeds from sales of goodwill	0.00
	Purchase of goodwill	0.00
	Proceeds from biological assets other than bearer plants	0.00
	Purchase of biological assets other than bearer plants	0.00
	Proceeds from government grants	0.00
	Proceeds from sales of other long-term assets	0.00
	Purchase of other long-term assets	0.00
	Cash advances and loans made to other parties	0.00
	Cash receipts from repayment of advances and loans made to other parties	0.00
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0.00
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0.00
	Dividends received	0.00
	Interest received	1.33
	Income taxes paid (refund)	0.00
	Other inflows (outflows) of cash	1.83
	Net cash flows from (used in) investing activities	( 142.87 )
4	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0.00
	Payments from changes in ownership interests in subsidiaries	0.00
	Proceeds from issuing shares	0.00
	Proceeds from issuing other equity instruments	0.00
	Payments to acquire or redeem entity's shares	0.00
	Payments of other equity instruments	0.00
	Proceeds from exercise of stock options	0.00
	Proceeds from issuing debentures notes bonds etc	0.00
	Proceeds from borrowings	0.00
	Repayments of borrowings	124.40
	Payments of lease liabilities	15.24
	Dividends paid	258.67
	Interest paid	95.41
	Income taxes paid (refund)	0.00
	Other inflows (outflows) of cash	0.00
	Net cash flows from (used in) financing activities	( 493.72 )
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	196.64
5	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	56.85
	Net increase (decrease) in cash and cash equivalents	253.49
	Cash and cash equivalents cash flow statement at beginning of period	683.04
	Cash and cash equivalents cash flow statement at end of period	936.53

Audit qualification

Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors Comments on (i) or (ii) above
No records available