Craftsman Automation Q3 Results: Shares rise after topline grows over 30%, margin expands

Craftsman Automation delivered a robust set of earnings for the December quarter, with profit, revenue and operating performance rising sharply year-on-year, supported by margin expansion.

The company reported a net profit of ₹107 crore for Q3, compared with ₹13 crore in the year-ago period. Revenue rose 30.5% year-on-year to ₹2,057.3 crore from ₹1,576 crore.

EBITDA increased 57% to ₹312.4 crore from ₹199 crore a year earlier, reflecting improved operating leverage. EBITDA margin expanded to 15.2%

during the quarter, up from 12.6% in the same period last year.

Following the earnings announcement, shares of Craftsman Automation Ltd were trading at ₹7,855.75 on the NSE, up 3.65% as of 1:53 pm.

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Separately, the company said its board has approved the setting up of a new plant in Ludhiana, Punjab. The proposed facility is aimed at enhancing operational convenience and ensuring timely and efficient service delivery to customers in the region.

Craftsman Automation clarified that the new unit will not entail any material capital expenditure, with capital outlay remaining minimal and limited to operational requirements.