The shares were sold at an average price of ₹9,250 per share on the National Stock Exchange. Among the buyers, HDFC Mutual Fund acquired 1.84 lakh shares worth ₹170 crore.
Invesco Mutual Fund purchased 1.01 lakh shares for ₹100 crore, while Abu Dhabi Investments bought 57,000 shares valued at ₹53 crore. Axis Mutual Fund and Tata AIA Life Insurance also participated in the transaction, purchasing shares worth ₹28 crore each.
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The transaction involved the transfer of 5.3 lakh shares, representing 2.01% of the company’s equity. Based on the March quarter shareholding pattern, promoters of Craftsman Automation had a 48.70% stake in the company.
Fourth Quarter results
The company’s revenue for the quarter increased by 27.3% from last year to ₹2,226 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 47.2% year-on-year to ₹358.5 crore from ₹243.6 crore.
EBITDA margin expanded by over 200 basis points to 16.1% from 13.9% last year, while net profit grew by 74.4% year-on-year to ₹116.4 crore from ₹66.8 crore during the year-ago period.
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The base quarter had an exceptional item of ₹10 crore, which was down to ₹54 lakh this time around. Profitability was also aided by a jump in the other income component from last year.
Shares of Craftsman Automation Ltd ended at ₹9,446.55, down by ₹87.60, or 0.92%, on the BSE
(Edited by : Jomy Jos Pullokaran)
