Craftsman Automation climbs after Q1 profit doubles on strong segmental growth
Mumbai, July 29 -- Revenue from operations jumped 36.3% YoY to Rs 2431.58 crore in Q1 FY27.
Profit before tax (PBT) soared 114.51% YoY to Rs 201.02 crore in Q1 FY27.
Total expenses increased 33.61% YoY to Rs 2,254.26 crore. Cost of sales and services rose 41.76% YoY to Rs 1,457.74 crore, while employee benefit expenses increased 14.77% YoY to Rs 165.70 crore. Finance costs also climbed 29.95% YoY to Rs 86.16 crore during the quarter.
Segment-wise, revenue from the powertrain business increased 25.41% YoY to Rs 622.55 crore. The aluminium products segment, the company's largest contributor, reported a 38.09% YoY rise in revenue to Rs 1,479.34 crore, while the industrial and engineering segment posted a robust 54.42% YoY growth to Rs 329...
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