Craftsman Automation Limited has informed the Exchange about Transcript
CRAFTSMAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Craftsman Automation reported consolidated EBITDA margin of around 15% in Q1 FY26, with net debt-to-EBITDA at 2.27x. Subsidiary revenues were DR Axion at INR408 crores, Sunbeam at INR291 crores, and Craftsman GmbH at INR67 crores. The Sunbeam Gurgaon plant ceased operations at end-May with all labor settled. The Kothavadi plant's $100 million revenue target by 2030 remains intact, with order book already crossing 50% of the target. Full-year guidance was maintained at INR7,000 crore revenue, INR1,100 crore EBITDA, and INR650-700 crore EBIT. Bhiwadi alloy wheel plant saw 20% sequential revenue growth, crossing INR50 crores. Capex guidance for FY26 stands at around INR800 crores targeting 20-25% growth. Net debt consolidated was reported at INR2,400 crores.
Shareholders can take comfort from maintained full-year guidance and improving margin trajectory, particularly with Bhiwadi turning EBITDA-positive and Powertrain margins at a 4-quarter high of 15.2%. However, the INR2,400 crore net debt and capital-intensive expansion plans keep leverage elevated, though management expects debt-to-EBITDA to improve and Gurgaon land sale (valued at INR350+ crores) could meaningfully reduce debt.