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Craftsman Automation Ltd Q3FY24; 56% rise in Profits

Craftsman Automation started the journey in the year 1986 as a small scale industry in the southern Indian city of Coimbatore, has grown to become a leader in precision manufacturing in diverse fields.


The co. manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments. Headquartered in Coimbatore with 12 plants including 10 satellite units across India.

Financial Results:

Craftsman Automation Ltd reported Revenues for Q3FY24 of ₹1,130.00 Crores up from ₹749.00 Crore year on year, a rise of 50.87%.

Total Expenses for Q3FY24 of ₹1,024.00 Crores up from ₹675.00 Crores year on year, a rise of 51.7%.

Consolidated Net Profit of ₹81.00 Crores up 55.77% from ₹52.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹34.61, up 41.67% from ₹24.43 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: automation
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