INDOFARM reported Q1 FY27 revenue up 14.98% YoY to ₹104.93 Cr, with EBITDA at ₹13.09 Cr (+10.84%). Tractor segment revenue jumped 36.29%, while cranes were flat.

Management expects FY27 revenue growth of 20-25% and 12.5-13% standalone EBITDA margin.

The new Bhud plant for cranes and tower cranes is set for commercial production by November, targeting initial 30% utilization.

Crane margins are expected to normalize from Q2, with planned dealer network expansion.

Management is optimistic on sustained tractor growth (30%+ for 3-5 years) driven by product quality and financing.