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Profit before tax (PBT) soared 114.51% YoY to Rs 201.02 crore in Q1 FY27.
Total expenses increased 33.61% YoY to Rs 2,254.26 crore. Cost of sales and services rose 41.76% YoY to Rs 1,457.74 crore, while employee benefit expenses increased 14.77% YoY to Rs 165.70 crore. Finance costs also climbed 29.95% YoY to Rs 86.16 crore during the quarter.
Segment-wise, revenue from the powertrain business increased 25.41% YoY to Rs 622.55 crore. The aluminium products segment, the company's largest contributor, reported a 38.09% YoY rise in revenue to Rs 1,479.34 crore, while the industrial and engineering segment posted a robust 54.42% YoY growth to Rs 329.69 crore.
Meanwhile, the board approved the establishment of a new manufacturing facility at Komaranapalli Village in Krishnagiri district, Tamil Nadu, to cater to incremental demand from automotive OEM customers in southern India.
The expansion will be undertaken in two phases, with an estimated investment of Rs 100 crore in Phase I and Rs 150 crore in Phase II. The project will be funded primarily through term loans, with the remaining requirement to be met through internal accruals.
Craftsman Automation, founded in 1986 in Coimbatore, is a precision engineering manufacturer catering to the automotive, industrial and engineering sectors through the production of components and sub-assemblies based on customer specifications.
The floor price represents a discount of 3.99% to the previous closing price of Rs 9,338.65 on the BSE. The company may offer a discount of up to 5% on the floor price, subject to applicable regulations.
The QIP has been launched pursuant to the board approval dated 16 May 2026 and the special resolution passed by shareholders at the Extraordinary General Meeting held on 13 June 2026.
The issue comprises equity shares of face value Rs 5 each. The final issue size and pricing will be determined in consultation with the bookrunning lead manager(s). The company will file the preliminary placement document with the stock exchanges on 15 June 2026.
Craftsman Automation started the journey in the year 1986 as a small-scale industry in the southern Indian city of Coimbatore and has grown to become a leader in precision manufacturing in diverse fields. The company manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments. The company’s consolidated net profit jumped 74.38% to Rs 116.42 crore in Q4 FY26, as against Rs 66.76 crore in Q4 FY25. Revenue from operations rallied 27.27% year on year to Rs 2,226.4 crore in Q4 FY26.
Shares of Craftsman Automation shed 0.25% to Rs 9,315.55 on the BSE.
The proceeds from the said proposed fund raise are intended to be utilized, inter-alia, towards repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by our Company.