Craftsman Automation Limited Reports Strong Q1 Results as it Approves New Plant Proposal in Tamil Nadu
Craftsman Automation Limited announced several key outcomes from its Board meeting held on July 29, 2026, including the approval of consolidated financial results for the quarter ending June 30, 2026, a proposal for a new manufacturing facility, and the appointment of a senior management professional.The company's performance in Q1 FY27 saw strong top-line growth. The Consolidated Financial Results for the quarter reflected total income of ₹8,13,063 Lakhs, up from previous periods. Total revenue stood at ₹8,06,927 Lakhs. For this period, the profit attributable to owners amounted to ₹38,399 Lakhs, translating to an Earnings Per Share (EPS) of 160.96.
The financial results for the quarter ended June 30, 2026, are available alongside other details. Key figures from the consolidated results are summarized below:
| Metric | Value (Lakhs) |
|---|---|
| Total Revenue | 8,06,927 |
| Profit Before Tax | 54,613 |
| Profit Attributable to Owners | 38,399 |
| EPS Basic / Diluted (Not annualised) | 160.96 |
Strategic Expansion and Capacity Addition
In a significant move to capitalize on regional demand, the Board of Directors approved the proposal for setting up a new plant at SF. No. 11 & 28, Komaranapalli Village in Denkanikottai Taluk, Krishnagiri District, Tamil Nadu. This facility is designated as Hosur Unit-3.The expansion targets catering to incremental demand from automotive Original Equipment Manufacturers (OEMs) in Southern India. The proposed capacity addition project requires an estimated investment of ₹100 Crores for Phase I and ₹150 Crores for Phase II. The plan includes financing the project substantially through term loans, with the remaining balance funded by internal accruals.
The existing operational status is noted as follows:
| Metric | Details |
|---|---|
| Existing Capacity Utilization (Aluminium Products Division) | Approximately 85% |
| Proposed Facility Commissioning Period | Within 6 to 8 months, pending approvals and project execution |
Appointment of Senior Management Personnel
The Board also approved the appointment of Mr. Santosh Kumar Singh as a Senior Management Personnel of Craftsman Automation Limited, effective July 29, 2026.Mr. Singh, who is a Mechanical Engineering professional, holds over three decades of experience across manufacturing, engineering, operations, and technology management. His distinguished career includes several senior leadership roles within Indian Railways, including Chief Rolling Stock Engineer and Deputy Chief Mechanical Engineer. He has received the Railway Minister Award for his contribution towards production and productivity improvement.
The appointment underscores the company's focus on operational excellence as it expands its presence in Southern India.
CRAFTSMAN Stock Price Movement
As trading continues toward the close, Craftsman Automation Limited stocks rally up by 4.61%, currently at ₹9718 as of 1:59 PM, driven by strong market sentiment. The stock maintains impressive bullish momentum, climbing substantially from its daily low and pushing close to levels that represent a significant performance relative to its yearly highs.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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