Craftsman Automation Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Craftsman Automation Ltd reported a 29.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 39.8%.
- Its expenses for the quarter were up by 35.1% QoQ and 50.3% YoY.
- The net profit decreased 79.0% QoQ and decreased 84.1% YoY.
- The earnings per share (EPS) of Craftsman Automation Ltd declined at 0.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1584.65 | 1220.39 | 1133.20 | 29.8% | 39.8% |
Total Expenses | 1538.84 | 1138.64 | 1023.95 | 35.1% | 50.3% |
Profit Before Tax | 31.05 | 81.75 | 109.25 | -62.0% | -71.6% |
Tax | 18.33 | 20.46 | 27.90 | -10.4% | -34.3% |
Profit After Tax | 12.93 | 61.69 | 81.47 | -79.0% | -84.1% |
Earnings Per Share | -0.90 | 27.20 | 35.00 | -103.3% | -102.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Craftsman Automation Ltd is a leading player in the engineering sector, primarily engaged in the manufacturing of precision components. The company specializes in automotive components, powertrain parts, and other industrial and engineering products. Craftsman Automation operates in the automotive and engineering industries, serving a wide range of clients with its advanced manufacturing capabilities. As of the latest information available, Craftsman Automation has been focusing on expanding its product offerings and enhancing its production capacities to meet the evolving needs of its customers. The company has a strong presence in both domestic and international markets, and it continuously invests in technology to maintain its competitive edge.
Revenue
In Q3FY25, Craftsman Automation Ltd reported a total income of ₹1584.65 crores, demonstrating a significant growth of 29.8% compared to the previous quarter (Q2FY25) where the total income was ₹1220.39 crores. Year-over-year, the total income increased by 39.8% from ₹1133.20 crores in Q3FY24. This substantial increase indicates a robust expansion in the company's revenue streams over both the quarter and the year. The growth in total income reflects the company's ability to enhance its market presence and capture a larger share of the industry demand during this period.
Profitability
The profitability metrics for Craftsman Automation Ltd in Q3FY25 indicate a challenging quarter. The company recorded a profit before tax (PBT) of ₹31.05 crores, which is a decline of 62.0% from the previous quarter's PBT of ₹81.75 crores and a 71.6% drop compared to ₹109.25 crores in Q3FY24. The tax expense for Q3FY25 was ₹18.33 crores, slightly lower than the previous quarter's ₹20.46 crores, and also down from ₹27.90 crores in the same quarter last year. As a result, profit after tax (PAT) for Q3FY25 stood at ₹12.93 crores, marking a decrease of 79.0% from the previous quarter's PAT of ₹61.69 crores and an 84.1% fall from ₹81.47 crores in Q3FY24. Despite the revenue growth, the company's profitability faced pressure, impacting the bottom line significantly.
Operating Metrics
The operating metrics for Craftsman Automation Ltd in Q3FY25 reveal an increase in total expenses to ₹1538.84 crores, which is a 35.1% rise compared to Q2FY25's ₹1138.64 crores and a 50.3% increase from ₹1023.95 crores in Q3FY24. This rise in expenses outpaced the growth in total income, affecting the company's profitability. Furthermore, the earnings per share (EPS) were recorded at -₹0.90 in Q3FY25, showing a steep decline from ₹27.20 in Q2FY25 and ₹35.00 in Q3FY24, reflecting the challenges in maintaining profitability. These financial metrics suggest a significant increase in operational costs during the current quarter, impacting the overall financial performance.
