Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report ....
Awaiting price reaction for this filing.
Craftsman Automation has filed its Annual Report for FY 2024-25 with the stock exchanges. Standalone operating revenue grew about 20% to ₹3,847.95 Cr from ₹3,207.79 Cr, while consolidated revenue rose around 28% to ₹5,690.48 Cr from ₹4,451.73 Cr. However, profitability took a hit — standalone PAT nearly halved to ₹93.69 Cr (from ₹197.59 Cr) and consolidated PAT fell to ₹200.87 Cr (from ₹337.33 Cr), partly due to a ₹25.47 Cr exceptional expense on the consolidated books and higher finance and depreciation costs. The company raised ₹1,200 Cr via a Qualified Institutions Placement (QIP) and used the proceeds along with debt to fund three major acquisitions: the remaining 24% stake in DR Axion India (₹250 Cr), 100% of Sunbeam Lightweighting Solutions, and Craftsman Germany GmbH (including its Fronberg Guss subsidiaries). The board has recommended a final dividend of ₹5 per share (100% on face value), and CRISIL reaffirmed the long-term credit rating at AA-/Stable.
Revenue growth is strong, but the sharp drop in profits — alongside rising finance costs and large acquisition-led spending — is a concern for near-term margins. The QIP and acquisitions position the company for a bigger global footprint, but investors should watch for integration costs and how quickly the new subsidiaries (especially loss-making Sunbeam) turn profitable.