Archives May 2025

Bengaluru, May 28, 2025 – Global technology brand, OnePlus, today shared its vision for a future centred around personalized artificial intelligence for everyone. Supporting this vision, OnePlus unveiled the Plus Key, a new hardware customization which will debut on the upcoming OnePlus 13s, alongside a new OnePlus AI brand and a suite of new AI features designed to enhance productivity, creativity and security.

“The foundation of OnePlus AI is built upon a deep understanding of our users, and they’ve told us they want AI to help them work smart, play hard and be their authentic selves,” said Arthur Lam, Director of OxygenOS and AI Strategy at OnePlus. “That’s why our mission for OnePlus AI is to help our users go All In On Life, creating personalised AI solutions based around our user’s unique wants and needs.”

Plus Key: A New Gateway to Personalized AI

Complementing the aim of a personalized AI experience, OnePlus introduced the all-new Plus Key. This customizable hardware button debuts on the upcoming OnePlus 13s and is planned to rollout across all OnePlus smartphones launching this year.

As an evolution of the iconic OnePlus Alert Slider, the Plus Key is a customizable button programmable for various actions like switching sound profiles, launching the camera, initiating translation, or starting recordings. Crucially, the Plus Key also activates AI Plus Mind, a new feature designed to quickly save, catalog, and recall key information found on the screen. This capability marks a major step towards delivering truly personalized AI.

When users find information they wish to retain – such as schedules, event details, reservations, or listings – they can capture it by pressing the Plus Key or swiping up with three fingers. AI Plus Mind intelligently saves the relevant on-screen content to a dedicated Mind Space, helping users combat information overload by capturing precisely what is needed and keeping it organized in one accessible location.

Beyond simple screen capture, AI Plus Mind leverages AI to analyze content contextually. For instance, it can extract schedule details from an image or text and add them directly to the user’s calendar. AI Search, integrated with AI Plus Mind, supports natural language queries for easy retrieval of saved content. Later this year, AI Plus Mind will also automatically categorize saved content for better organization.

AI Plus Mind will debut on the OnePlus 13s and become available on the rest of the OnePlus 13 Series via a future software update, with wider rollout plans for other devices to follow.

 Work Smarter, Play Harder with OnePlus AI

OnePlus is actively developing a suite of tools leveraging OnePlus AI to enhance user efficiency and creativity:

• AI VoiceScribe: Enables users to record, summarize, and translate calls and meetings directly within popular messaging, video, and online meeting applications.

• AI Call Assistant (coming to India): On the OnePlus 13s, the OnePlus Dialler will offer options for automatic Call Summaries or real-time Call Translation during calls.

• AI Translation: Consolidates all translation capabilities – text, live voice, camera-based, and screen translation – into a single, intuitive app, making it easier to understand foreign languages and connect globally.

• AI Search: AI Search enables conversational, natural language queries, seamlessly searching local files, settings, notes, and calendars for contextually relevant results. Integrated with AI Plus Mind, it enhances productivity through intuitive, interactive searches.

• AI Reframe: Intelligently analyzes photo scenes, identifies the subject, and adjusts composition, generating multiple creative framing options for users to choose from.

• AI Best Face 2.0 (coming this summer through OTA): Enhances group photos by automatically detecting and correcting issues like closed eyes or suboptimal expressions for more polished results. This feature supports images with up to 20 individuals and works even with photos captured on other devices.

Furthermore, OnePlus has unveiled deeper integration with Google Gemini. Coming soon, Gemini will work across OxygenOS apps, such as OnePlus Notes, Clock and more as well as Google’s apps, making it a seamless AI experience.

With Gemini Live with camera and screen sharing, users will have real time conversations about what is captured by their camera and what is on their phone screen, creating a more practical, engaging, and intimate interaction with their surroundings.

 Private Computing Cloud: Balancing Privacy and Performance

For AI features involving highly sensitive information, OnePlus prioritizes on-device processing within a trusted environment. When more intensive computation is required, the company’s Private Computing Cloud provides a secure, encrypted environment for data processing, designed to keep user data private and inaccessible to unauthorized parties. This is achieved through a Trusted Execution Environment (TEE) that spans the user’s device, the cloud servers, and the data transfer process itself. 

With the hybrid approach, OnePlus ensures user privacy remains protected while delivering seamless and powerful AI performance.

Building a Personalized and Secure AI Future

OnePlus AI embodies an approach founded on understanding user needs and prioritizing data security through innovations like the PCC. 

Through these advancements and a dedication to continuous innovation, OnePlus aims to deliver deeply personalized and secure AI experiences via an intelligent AI operating system that seamlessly integrates into and enhances users’ lives.

Mumbai & Delhi, 28th May, 2025: Gateway Distriparks Limited (GDL), a leading multimodal logistics company in India, yesterday announced its financial results for the quarter ended 31st March 2025.

*CFS revenue includes adjustment of reduction of INR 46.28 crores on account of change in accounting method for YTD FY25 and INR 14.24 crores for Q4 FY25.

** Financials include Total Revenue of INR 145.65 crores, EBIDTA of INR 25.62 crores, PBT of INR 2.94 crores and PAT of INR 3.57 crores due to consolidation of accounts after Snowman Logistics went from being an Associate Company to a Subsidiary from December, 24 2024.

# PBT includes INR 12.84 crores towards stamp duty liability on account of amalgamation.

# PBT and PAT includes exceptional income of Rs. 131.98 crores For YTD FY25 and INR (258.79) crores for Q4 FY25 due to fair valuation of equity on consolidation of Snowman Logistics Limited, which became subsidiary from December 24, 2024.

Prem Kishan Dass Gupta, Chairman & Managing Director, said, “Despite the Red Sea impact, especially in Q1, volumes and margins have recovered and remained steady in Q2 and Q3 for the Company. There is a healthy pipeline as the focus remains on increasing our market share, especially in the Rail Vertical. We are hopeful that the Red Sea crisis will come to an end soon and if shipping lines start using this route again there will be a significant boost to EXIM volumes for India. We continue to explore opportunities for developing new rail terminals to further expand our network. In December, GDL also met its target of crossing 50% shareholding in Snowman Logistics and is now a subsidiary.”

It’s often said that your qualifications shape your future, but did you know how academically accomplished some of your favourite &TV actors are? These familiar faces, who entertain audiences every day with their strong and lovable characters, have impressive educational backgrounds that have played a key role in shaping their journeys in the world of entertainment. These include Neeta Mohindra (Kailasha Bua, Bheema), Himani Shivpuri (Katori Amma, Happu Ki Ultan Paltan), and Shubhangi Atre (Angoori Bhabi, Bhabiji Ghar Par Hai). Neeta Mohindra, seen as Kailasha Bua in &TV’s Bheema, shares, “My journey into the world of acting is deeply rooted in academia. I hold an MA and a PhD in Fine Arts, and I have had the honour of serving as the Head of the Department of Visual and Performing Arts at Guru Nanak Dev University. My academic pursuits have not only shaped my understanding of the arts but also enriched my expression as a performer. Education, for me, has always been a guiding light helping me blend theory with practice, and intellect with emotion, in every character I portray on screen.”

Himani Shivpuri, who portrays the lovable Katori Amma in &TV’s Happu Ki Ultan Paltan, reflects, “I belong to Dehradun and began my academic journey at The Doon School, known for nurturing creativity and academic brilliance. My deep interest in science led me to pursue a postgraduate degree in Organic Chemistry from DAV College, Dehradun. However, the pull of the performing arts was strong, and I followed my passion by graduating from the National School of Drama in 1984. Education, to me, is about balancing intellect with emotion, reason with creativity, which has been the cornerstone of my acting career.” Shubhangi Atre, who plays the iconic Angoori Bhabi in &TV’s Bhabiji Ghar Par Hai, says, “Although I’m known for my bubbly and naïve character on screen, my real-life journey has always been rooted in education. I hold a Master of Business Administration (MBA) in Marketing, which has empowered me with strategic thinking and adaptability qualities that have helped me navigate the entertainment world. From handling endorsements to taking on versatile roles, my education has given me the confidence and clarity to pursue my goals purposefully.”

Tune in to watch your favourite actors Neeta Mohindra in Bheema at 8:30 PM, Himani Shivpuri in Happu Ki Ultan Paltan at 10:00 PM, and Shubhangi Atre in Bhabiji Ghar Par Hai at 10:30 PM, every Monday to Friday only on &TV!

Chandigarh, May 28, 2025: Black Box Limited (BSE: 500463 | NSE: BBOX), Essar’s technology arm and a leading provider of digital infrastructure solutions, announced its audited financial results for the quarter and year ended March 31, 2025.

The Company delivered consistent improvement in profitability and operational efficiency, supported by disciplined execution and strategic portfolio realignment. Key metrics showed positive momentum across EBITDA, PAT, and margins, with an expanding order book and a strengthened balance sheet.

Consolidated Performance Highlights (in ₹ Crore):

For the year FY25, revenue stood at ₹5,967 crore compared to ₹6,282 crore in FY24, moderated primarily due to delayed customer decision-making and a strategic exit from low-margin accounts. However, these measures contributed to significant margin enhancement, with EBITDA growing 24% YoY to ₹531 crore and EBITDA margin expanding by 210 basis points to 8.9%. PAT surged 49% YoY to ₹205 crore, with PAT margin improving by 120 basis points to 3.4%. Looking ahead, Black Box expects its renewed go-to-market strategy and enhanced pipeline execution to drive revenue growth starting from Q2 FY26.

Q4FY25 performance remained strong with revenue rising to ₹1,545 crore, a 4% YoY increase. EBITDA for the quarter stood at ₹147 crore, up 21% YoY, with a margin of 9.5%, an improvement of 130 basis points. PAT in Q4FY25 grew 48% YoY and 8% sequentially to ₹60 crore, with PAT margin increasing by 120 basis points to 3.9%.

Business highlights

Order momentum remained robust through Q4FY25, with the Company reporting over ₹1,550 crore in new deal wins—more than double the average of the previous three quarters. Notable wins included a ₹240 crore digital modernization contract with a major U.S. hospital network, over ₹225 crore in data center services for global hyperscalers, ₹130+ crore in transportation (airport modernization), ₹90 crore in the education sector from a leading U.S. university, and a ₹90 crore engagement with a major APAC-based consumer electronics firm. The consolidated order backlog stood at $504 million as of March 31, 2025, covering approximately two-thirds of the projected revenue for the upcoming fiscal year.

 India Growth Focus:

As part of its India growth strategy, Black Box has committed ₹100 crore to expand its domestic business and enhance its Bengaluru Center of Excellence. Two major Indian contracts totalling ₹180 crore were secured during the year to support telecom and municipal infrastructure development, in line with the Company’s focus on doubling India revenues.

Strategic & Financial Updates

In recognition of its strong operational and financial performance, the Company has recommended a final dividend of 50% (₹1 per share on a face value of ₹2), subject to shareholder approval. Further strengthening its financial standing, CRISIL upgraded Black Box’s long-term credit rating to BBB+/Stable in March 2025. The Company also completed strategic leadership hiring across its newly established customer-focused verticals and offering-focused horizontals, effectively operationalizing its revamped go-to-market strategy.

Mr. Sanjeev Verma, Whole Time Director, stated: “Our strategic focus on high-value customer segments and operational rigor has led to a meaningful expansion in both order book and profitability. The ongoing digital and AI-driven transformation across industries presents structural growth opportunities, and we are well-positioned to capitalize on them.”

Mr. Deepak Kumar Bansal, Executive Director and Global CFO, added: “ FY25 marked strong progress on profitability and capital efficiency. Our EBITDA margins continue to move toward our double-digit target, supported by quality of revenues and operating discipline. With strong ROE, a robust pipeline, and healthy cash reserves, we remain confident in delivering on our financial performance guidance for FY26.

Pune, 28.05.25 – BramhaCorp, one of Pune’s leading real estate developer, proudly announces the launch of its premium residential project “Sun Valley”, nestled in the serene suburb of Bavdhan, Pune. The development also emphasises work-life balance, with private plunge pool in limited larger homes, padel court, Outdoor Co-working spaces designed to help residents unwind, rejuvenate, and stay productive — all within a serene (green & hilly) and connected environment., Adding star appeal to the launch, Kareena Kapoor has been named as the official brand ambassador for Sun Valley project. Her modern elegance, career success, and balanced lifestyle perfectly echo the spirit of the project — aspirational and graceful.

BramhaCorp’s decision to launch Sun Valley in Bavdhan was strategic. With rapidly growing infrastructure, seamless connectivity to the Mumbai-Pune Expressway, Kothrud, Hinjewadi, and central Pune, as well as a surge in demand for premium residences, Bavdhan has emerged as a preferred destination for urban homebuyers.

Sun Valley is more than just a home – it’s a lifestyle destination. The 26 floor high rise towers with total Site Area of 11 Acres and with a built-up area of 2 Million Sq. Ft marks a new chapter in upscale living with a mix of 2, 3, 3.5, 4, and 4.5 BHK residences crafted for modern, aspirational homeowners. Breaking new ground in Pune’s luxury real estate market, Sun Valley introduces premium features like private plunge pool and walk-in dressers in select residences — These exclusive amenities will be available in 3.5 and 4.5 BHK configurations, further setting the project apart in terms of design innovation and lifestyle appeal.

Commenting on the launch Mr.Dinesh Agrawal , Co-Chairman BramhaCorp said, “We’re excited to introduce Sun Valley as one of our most ambitious and creatively designed projects.With Sun Valley, we’re offering more than beautiful homes — we’re offering a new way of living. A space where luxury meets functionality, and where families can truly experience balance — between work and life, hustle and rest, dreams and reality. Bavdhan, with its infrastructural promise and scenic surroundings, offers the perfect backdrop for this landmark development.”

Scarecrow, one of India’s most creative advertising agencies, has been roped in as the agency of record for the Sun Valley campaign. Speaking on the association, Raghu Bhat, Co-founder, Scarecrow M&C Saatchi shared, “Partnering with BramhaCorp on a project of this scale is creatively energizing. Sun Valley is not just a residential space, it’s a lifestyle statement. Our campaign strategy is based on a strong consumer insight and builds on the classiness and sophistication that the brand and Kareena Kapoor Khan represent.”

Nairobi Kenya ,28th May 2025: Novotel, a flagship global brand of Accor, continues to mark the standard for comfort and convenience in prime destinations around the world . As global travelers begin mapping out their summer holidays, Kenya continues to shine as one of the most coveted destinations on the continent. And right at the gateway to this East African adventure is Novotel Nairobi Westlands, a property that’s fast becoming the preferred launchpad for safari-goers from around the world.

Perfectly positioned just a short drive from Jomo Kenyatta International Airport (JKIA) and Wilson Airport, Novotel Nairobi offers unmatched convenience for travelers arriving in the capital. Whether guests are headed to the Maasai Mara, Amboseli, or the wild beauty of Samburu, or planning a quick detour to the nearby Nairobi National park just 15 minutes away, the hotel provides a seamless and comfortable transition into Kenya’s famed landscapes.

Since its opening in August 2024, Novotel Nairobi Westlands has won hearts with its warm hospitality, contemporary design, and thoughtful amenities that make every stay feel personal. After a long flight, guests are welcomed into spacious, well-appointed rooms designed for rest and recovery.

But what truly sets Novotel apart is the immersive experience it offers even before the first game drive begins. From the moment guests step into the hotel, they are greeted by elegant wildlife-inspired art, a nod to the rich ecosystem that surrounds the city. Whether it is a sculpture evoking the spirit of the savannah or curated recommendations from the concierge on the best local excursions, the hotel thoughtfully connects guests to the soul of Kenya.

“Novotel Nairobi Westlands was thoughtfully designed for the global traveler, especially those embarking on Kenya’s iconic safari experiences,” said Fabio Gonsalves, General Manager at Novotel Nairobi Westlands. “As interest from key international markets continues to grow, we are proud to offer a space  where comfort, culture, and convenience come together at the very start of the journey.”

As part of Novotel Nairobi Westlands’ commitment to offering world-class experiences for global travelers, guests can enjoy seamless access to Kenya’s top attractions and iconic safari destinations. 

Further aligning with the growing demand for experiential travel, Novotel Nairobi offers thoughtfully curated activities that celebrate both local heritage and guest engagement. From immersive cultural experiences and curated safari tours to chef-led culinary moments and wildlife-inspired décor, every stay is designed to create lasting memories and meaningful connections.

Government’s decision to reinstate benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for exports by Advance Authorization (AA) holders, Export-Oriented Units (EOUs), and Special Economic Zones (SEZs), effective from 1st June 2025 onwards, highlights  the government’s unwavering commitment to strengthen India’s position as a global export destination, said Mr. Hemant Jain, President of PHD Chamber of Commerce and Industry (PHDCCI), in a press statement issued here today.

Hemant Jain-President 2024, PHDCCI

The RoDTEP scheme notified in January 2021, helps exporters by reimbursing taxes and duties not refunded elsewhere incurred during the production and distribution of the exported products, said Mr. Jain. Government has continuously enhanced the coverage of this scheme from 8555 tariff lines in 2021 to more than 10000 tariff lines in 2025, to ensure broad sectorial coverage, he said.

Additionally, the total disbursements under the RoDTEP scheme has surpassed Rs 50,000 crore as of 31st March 2025, underscores the government’s dedication to fostering a diverse and resilient export ecosystem, he said.

The restoration of RoDTEP benefits will significantly boost India’s export across diverse sectors, including chemicals, pharmaceuticals, agriculture and electronics, among others, by reducing cost burdens and enhancing price competitiveness, said Mr. Jain.

This move is poised to attract greater investment, spur innovation, and create new opportunities for MSMEs, contributing to sustainable economic growth and employment creation, he said.

PHDCCI highly appreciates the government’s strategic policy initiatives, robust infrastructure growth, and trade facilitation measures to accelerate exports including, National Logistics Policy, Production-Linked Incentive scheme, Trade Infrastructure for Export Scheme, National Single Window System, Enhanced Insurance Cover for MSME Exporters and ICEGATE Digital Platform, among others.

Going forward, this move will drive India’s exports trajectory higher and support a stronger, self-reliant economy, given the global trade frictions and policy uncertainty, said Mr. Hemant Jain.

Bangalore, 28 May 2025 – Stonehill International School, Bangalore, hosted an unforgettable graduation ceremony on 24th May at the Hilton Bengaluru Embassy Manyata Business Park, honouring the remarkable accomplishments of its Class of 2025. The evening was a celebration of resilience, ambition, and community, as students, faculty, and families gathered to mark this pivotal milestone.

In a moving address, Mr. Jitu Virwani, Founder of Stonehill International School and Chairman & Managing Director of Embassy Group, reflected on the transformative journey of the graduates. He underscored the powerful support of the Stonehill community, the deep bonds forged through the years, and the enduring value of the IB curriculum. Encouraging students to embrace both triumphs and setbacks, he reminded them that every challenge offers a chance to grow stronger.

This year’s Valedictorian, Siddharth Pathak, captivated the audience with a touching speech that blended humour, nostalgia, and heartfelt gratitude. 

This cohort of graduates has much to be proud of. With a 100 % university placement rate, the Class of 2025 has earned admission to some of the world’s leading institutions, receiving offers from universities across 18 countries. Their chosen disciplines span – Engineering, Applied Physics, Computer Science, biomedical science, Food and nutrition, Anthropology, Design, Economics, Finance, Psychology and more.

Impressively, 89% of the class secured spots at top 100 global universities, including prestigious names such as University of Chicago, Emory University, Claremont McKenna University, Purdue University, University College London, London School of Economics, University of Toronto, The University of Melbourne, University of British Columbia, Boston University, Trinity College Dublin, University of Amsterdam, The University of Sydney, and UC San Diego. Collectively, the 64 graduates were awarded scholarships amounting to 1.93 million USD, which is a testament to their dedication and perseverance.

Joe Lumsden, Head of School, Stonehill International School, addressed the graduating class with an uplifting message that cleverly wove in remarkable moments from world history. His words encouraged students to face challenges, take bold decisions, nurture their relationships and be humble, and commit to lifelong learning and growth.

As the ceremony came to a close, it left the audience inspired, elated and hopeful. With strong values and an exceptional education behind them, the Class of 2025 now steps confidently into the next chapter of their journey.

Bangalore, 28 May 2025: Logitech launched a new campaign, #BePresent, to emphasize the importance of digital presence. The campaign’s objective was to redefine what it means to truly be present by blending technology with behavioural insights. Distractions, both digital and environmental, weaken involvement and hinder decision-making. This realization led to the creation of the #BePresent campaign.

There were several approaches to the campaign. The first was a dedicated #BePresent microsite. This was followed by the launch of a graphic novel showcasing various meeting personas such as the Juggler, the Visionary, the Techie, and many more. 

The next step was launching the ‘Meeting Quotient’ survey, an interactive assessment that evaluated individuals’ engagement levels in meetings. Based on their responses, participants are categorized as Meeting Maestros, Collaborative Connectors, or Emerging Engagers. The survey was further enhanced through social channels with participants encouraged to question which meeting character best represented them. 

The campaign moved to the next level of collaborations with featured panel discussions. The discussions, both in person and virtual, featured several tech industry experts, including Jesse Paul, a well-known marketer and entrepreneur who shared valuable insights on the challenges and opportunities for enhancing the meeting experience. The last and final leg of the campaign was a collaboration with Ritesh Agarwal, founder and group CEO of OYO Rooms. The discussions emphasised the urgent need for greater integration of technology in today’s meeting environment.

Sharing her views, Jesse Paul said: “Being present in any meeting involves projecting confidence to the group you are engaging with. In face-to-face meetings, we take the time to understand the other person; whereas, in virtual meetings, we often skip from problem to solution, overlooking the crucial details in between. Today, technology enables us to accomplish much more and offers various ways to share our stories, yet we often fail to utilize these possibilities. Therefore, I believe the future of leadership hinges on navigating change and being present, whether in virtual formats or in person.” 

Adding his perspective, Ritesh Agarwal said: “As founders, our role in meetings goes beyond mere participation; we provide direction and clarity. With virtual meetings becoming the norm, we strive to arrive with enthusiasm and communicate so effectively that everyone pays attention. Clear communication should be our superpower, emphasizing a sharp focus that energizes all participants. We need to move away from lengthy discussions and instead communicate directly, cutting through the noise to promote progress. Ultimately, authenticity is essential in any meeting, along with maintaining an open mind and being present, as this fosters personal connections.”

The #BePresent campaign was rolled out across various digital channels, including LinkedIn, Google Ads, YouTube, Facebook, Instagram, Spotify, and other targeted platforms. Within four weeks of promotions, evaluated campaign data indicates that the multi-platform effort generated significant digital momentum and massive visibility. The significance of the #BePresent campaign metrics was achieving over 67 million impressions across Google, Meta, LinkedIn, Taboola, and Spotify. 

LinkedIn over-delivered with 35 lakh impressions and 23,718 clicks, making it the top-performing platform for professional engagement.

“Hybrid work has shifted how we collaborate,” asserted Anand Lakshmanan, Head of Logitech for Business, India. “At Logitech, presence for us isn’t merely sitting on a call—presence means being seen, heard, and fully engaged. The #BePresent campaign equips professionals with the right tools for virtual interactions to be as engaging as in-office meetings.”

The #BePresent campaign is based on a solid foundation of thought leadership, interactive content, and influencer partnerships. Logitech believes meetings can be more inclusive, ensuring that all individuals, wherever they are, have an equal voice and visibility. The #BePresent campaign aligns with this vision by helping business leaders develop their digital body language, interaction, and productivity.

“Professionals want to leverage virtual presence to gain an edge,” asserted Sajid Abdul, India Head of Marketing, Logitech for Business. “With the #BePresent campaign, we’re not just referring to improved video and audio—our goal is to foster more meaningful connections, more efficient collaboration, and more impactful leadership in the hybrid era,” he added. 

As technology leaders, Logitech aimed to enhance the meeting experience through technology innovation and fostering a culture of active participation. This campaign encourages professionals—from CEOs to early-career employees—to recognize the importance of being fully present, whether they are leading meetings, sharing ideas, or simply listening. It’s not just about better tools; it’s about cultivating better habits.

Pune – 28 May 2025: Carraro India Limited, is an independent Tier-I solution provider for axles, transmission systems, gears and other related components, has reported its audited financial results for the Quarter & Full Year ended 31st March 2025.

Financial Highlights:

Operational Highlights:

Other Key Business Highlights:

• The domestic segment is poised to sustain its growth trajectory, driven by accelerated 4WD adoption.
• We onboarded 6 new customers during FY25, including 2 in Q4.
• A new prototype for an agricultural transmission aimed at export markets has been developed, with pilot production successfully completed.
• Tele-boom Handler small volume offtake in Q4FY25: new product range successfully introduced for major international brand delivering incremental Sales in FY26.
• Our engineering services arm witnessed number of inquiries for higher HP and technology configurations. Few are under negotiations.
• Both direct and indirect export activity remains muted—especially in agricultural products—with no uptick expected soon.
• Over the past two quarters of FY25, Gears sales dipped slightly; this segment is expected to remain stable, with limited growth prospects in near term.
• FY25 capex totalled INR 515 million, to support new product introduction such as the launch of new axle line for telescopic handers, high performance new transmission range for agricultural application to grant incremental capacity for FY26 sales. Process upgrading and maintenance capex were allocated to support efficiency improvement and state of the art technology.

Commenting on the results Mr. Balaji Gopalan, Managing Director, Carraro India Limited said,

“We concluded FY25 on a positive note, having met our topline and EBITDA guidance. While total income remained flat year-over-year, EBITDA grew by 24% YoY, primarily driven by an improved product mix, increased localization, and effective cost control measures. On the EBITDA margin front, we exceeded our guidance of 10%+, with a year-over-year expansion of 192 basis points, reaching 10.2% by end of FY25. As expected, our domestic business (excluding indirect exports) continues to show strength, recording a noteworthy double digit YoY revenue increase, driven by sustained demand for locally sold products and increasing 4WD technology adoption. Overall revenue growth was achieved in spite of weak export markets.

We expect continued growth in the domestic market, excluding the indirect exports segment. We also foresee growth in our export segment, driven by new business acquisition, despite the persistent uncertainty at global level.

During the year, we added 6 new customers, including 2 in the last quarter. We also developed over 9 prototypes, underscoring our strong focus on technology-driven product development. Of these, 5 prototypes moved into production within the year. While revenue conversion from these efforts takes time, this is primarily part of our market seeding strategy.

We have been honored with several recognitions from customers, including Mahindra & Mahindra, Caterpillar and Escorts Kubota, to name a few. Such prestigious recognitions are proud moments for us, as they not only elevate our brand’s reputation, but also reinforce our team’s unwavering commitment to delivering excellence to our customers.

We remain committed to long-term profitability, supported by continuous investment in innovation and technology.

FY26 & Beyond….

Supported by encouraging signs in the domestic market—such as stronger-than-expected adoption of 4WD vehicles/tractor—we are confident in achieving our FY26 revenue growth target.

On the export front, the market outlook remains uncertain for now, though we anticipate recovery to start in the second half of the year. Nevertheless, growth will be accelerated and achieved by the offtake of the newly acquired tele-boom handler business.

Within the above scenario, we expect our topline to grow in the range of approximately 8% to 12%.

We continue to collaborate closely with our existing customers, expanding our product offerings to meet evolving needs. Our engineering services business is witnessing a growing number of enquiries for higher horsepower and advanced technology configurations. Some of these are currently under active negotiation. We anticipate this business to contribute some revenue in FY26.

Additionally, we are working proactively with several OEMs on driveline solutions to remain future-ready, while closely tracking emerging technologies. Our deep expertise in driveline systems enables us to respond swiftly to industry demands. By diversifying and localizing our supplier base, we aim to further optimize our cost structure and strengthen our margin profile. Supported by robust R&D and manufacturing capabilities, we remain focused on achieving our medium-term goal of reaching mid-teen EBITDA margins.”