Craftsman Automation reported strong year-on-year growth in the September quarter, with net profit rising 68.6% and revenue jumping 47.1%, although operating margins came under pressure.
Net profit rose to ₹153 crore in Q2 from ₹91 crore in the corresponding quarter last year. Revenue increased to ₹2,945 crore from ₹2,002 crore, reflecting robust growth in the company’s business during the quarter.
Operating performance also improved, with earnings before interest, tax, depreciation and amortisation (EBITDA) climbing 30% to ₹392 crore, compared with ₹302 crore a year earlier.
However, EBITDA growth lagged the pace of revenue expansion, resulting in a contraction in margins. The EBITDA margin stood at 13.3% in Q2, compared with 15.1% in the year-ago period.
Following the earnings announcement, shares of Craftsman Automation recovered from the day’s low but continued to trade in negative territory. The stock was quoted at ₹10,897.50, down ₹105.05, or 0.95%, on the day.
Craftsman Automation is an engineering company that manufactures precision components and assemblies for the automotive and industrial sectors. Its businesses include powertrain and aluminium products, automotive and industrial engineering, and storage solutions.