Craftsman Automation Ltd Share Price – NSE  / BSE

Auto Ancillaries, Small Cap

Craftsman Automation announced that its subsidiary, Sunbeam Lightweighting Solutions has been assigned the following credit ratings by CRISIL Ratings as under:

Long term rating - CRISIL BBB-/ Stable
Short term rating - CRISIL A3

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Net profit of Craftsman Automation declined 34.75% to Rs 61.69 crore in the quarter ended September 2024 as against Rs 94.54 crore during the previous quarter ended September 2023. Sales rose 2.96% to Rs 1213.95 crore in the quarter ended September 2024 as against Rs 1179.06 crore during the previous quarter ended September 2023.

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Consolidated profit before tax stood at Rs 82.15 crore in Q2 FY25, down 38.71% from Rs 134.05 crore posted in the corresponding quarter previous year.

Total expenses rose 8.44% to Rs 1,138.64 crore in quarter ended 30 September 2024. Cost of sales and services was at Rs 701.65 crore (up 9.18% YoY) and employee benefit expenses stood at Rs 83.22 crore (up 15.21% YoY) during the quarter.

The company's revenue from Powertrain stood at Rs 431.11 crore (up 9.47% YoY), revenue from Aluminium Products was at Rs 582.66 crore (down 1% YoY) and revenue from Industrial & Engineering stood at Rs 200.18 crore (up 1.77% YoY) in Q2 FY25.

On half year basis, the company’s consolidated net profit decreased 32.03% to Rs 114.88 crore on 6.69% rise in revenue to Rs 2,365.14 crore in H1 FY25 over H1 FY24.

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely automotive-powertrain and others, automotive–aluminum products, and industrial and engineering.

Shares of Craftsman Automation added 1.58% to Rs 5,593.10 on the BSE.

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Craftsman Automation will hold a meeting of the Board of Directors of the Company on 23 October 2024.

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