Craftsman Automation Ltd

Crisil Ratings Limited (CRL) has released a monitoring report tracking the use of funds raised by a company, revealing that Rs 2,904.17 crore was allocated to operational payments, specifically lease payments for land, designated as General Corporate Purpose. The vast majority of unutilized funds, Rs 91,207.79 crore, are held in 23 fixed deposit accounts with Federal Bank, ranging in value from Rs 2,500 crore each to a single account with Rs 207.79. The report indicates no delays in the utilization of funds, but CRL includes extensive disclaimers stating the report is not investment advice, does not guarantee accuracy, and limits CRL’s liability, while also disclosing potential conflicts of interest and restricting its distribution to India.

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 329.69 crore. Meanwhile, the board approved the establishment of a new manufacturing facility at Komaranapalli Village in Krishnagiri district, Tamil Nadu, to cater to incremental demand from automotive OEM customers in southern India. The expansion will be undertaken in two phases, with an estimated investment of Rs 100 crore in Phase I and Rs 150 crore in Phase II. The project will be funded primarily through term loans, with the remaining requirement to be met through internal accruals. Craftsman Automation, founded in 1986 in Coimbatore, is a precision engineering manufacturer catering to the automotive, industrial and engineering sectors through the production of components and sub-assemblies based on customer specifications.Powered by Capital Market - Live

Net profit of Craftsman Automation rose 116.31% to Rs 150.55 crore in the quarter ended June 2026 as against Rs 69.60 crore during the previous quarter ended June 2025. Sales rose 36.30% to Rs 2431.58 crore in the quarter ended June 2026 as against Rs 1784.00 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales2431.581784.00 36 OPM %15.7914.85 - PBDT321.41203.82 58 PBT201.02101.95 97 NP150.5569.60 116 Powered by Capital Market - Live

Craftsman Automation will hold a meeting of the Board of Directors of the Company on 29 July 2026.

Craftsman Automation has commenced the commercial operations of its new plant located at Ludhiana, Punjab, w.e.f. 29 June 2026.

The committee fixed 15 June 2026 as the relevant date for the issue and approved a floor price of Rs 8,966.13 per equity share, determined in accordance with SEBI regulations. The floor price represents a discount of 3.99% to the previous closing price of Rs 9,338.65 on the BSE. The company may offer a discount of up to 5% on the floor price, subject to applicable regulations. The QIP has been launched pursuant to the board approval dated 16 May 2026 and the special resolution passed by shareholders at the Extraordinary General Meeting held on 13 June 2026. The issue comprises equity shares of face value Rs 5 each. The final issue size and pricing will be determined in consultation with the bookrunning lead manager(s). The company will file the preliminary placement document with the stock exchanges on 15 June 2026. Craftsman Automation started the journey in the year 1986 as a small-scale industry in the southern Indian city of Coimbatore and has grown to become a leader in precision manufacturing in diverse fields. The company manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments. The company's consolidated net profit jumped 74.38% to Rs 116.42 crore in Q4 FY26, as against Rs 66.76 crore in Q4 FY25. Revenue from operations rallied 27.27% year on year to Rs 2,226.4 crore in Q4 FY26. Shares of Craftsman Automation shed 0.25% to Rs 9,315.55 on the BSE. Powered by Capital Market - Live

Craftsman Automation has opened a qualified institutional placement offer on 15 June 2026 to raise an amount not exceeding Rs 2,000 crore. The floor price for the said issuance is Rs 8,966.13 per equity share.

Craftsman Automation announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 June 2026.

The board of Craftsman Automation at its meeting held on 16 May 2026 has approved raising of fund up to Rs 2,000 crore in one or more tranches, by way of issuance of equity shares and/or any other eligible securities including but not limited to further public offer, debt, preferential allotment, rights issue, American depository receipts, global depository receipts, private placement, qualified institutions placement, or any other permissible method or combination thereof. The proceeds from the said proposed fund raise are intended to be utilized, inter-alia, towards repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by our Company.

Craftsman Automation will hold a meeting of the Board of Directors of the Company on 16 May 2026.