Craftsman Automation Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

Craftsman Automation announced that the 38th Annual General Meeting (AGM) of the company will be held on 27 May 2024.

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Net profit of Craftsman Automation declined 19.74% to Rs 62.33 crore in the quarter ended March 2024 as against Rs 77.66 crore during the previous quarter ended March 2023. Sales rose 12.75% to Rs 1105.34 crore in the quarter ended March 2024 as against Rs 980.37 crore during the previous quarter ended March 2023.

For the full year,net profit rose 22.58% to Rs 304.47 crore in the year ended March 2024 as against Rs 248.39 crore during the previous year ended March 2023. Sales rose 39.88% to Rs 4451.73 crore in the year ended March 2024 as against Rs 3182.60 crore during the previous year ended March 2023.

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Craftsman Automation announced that the Board of Directors of the Company at its meeting held on 27 April 2024, inter alia, have recommended the final dividend of Rs 11.25 per equity Share (i.e. 225%) , subject to the approval of the shareholders.

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The Board of Craftsman Automation will meet on 27 April 2024 to consider and approve a proposal for raising of funds in one or more tranches by issue of equity shares and/or any other instruments or eligible securities representing either equity shares and/or convertible securities linked to equity shares or through any other permissible mode or a combination thereof, by way of further public issue, debt issue, preferential allotment, rights issue, ADRs, private placement, qualified institutions placement (“QIP”), or any other method.

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