Craftsman Automation Q1 Review - Good Show, Growth Drivers On Track: Dolat Capital
An employee tightens a bolt while working on the chassis and powertrain of a BharatBenz truck. (Photographer: Dhiraj Singh/Bloomberg)

Craftsman Automation Q1 Review - Good Show, Growth Drivers On Track: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Craftsman Automation Ltd. printed an impressive performance in Q1 FY22 amid a challenging environment.

Operating margin stood at 24.8% led by better mix (increasing proportion of machining revenue) despite sharp fall in original equipment manufacturers volume and unable to fully pass on raw material cost impact to its clients in aluminum casting and Industrial division.

Craftsman Automation's management stated that outlook is positive for all three segment.

New business acquisitions in powertrain segment (especially commercial vehicles and farm segment) and aluminium casting (especially from passenger vehicles) to aid revenue growth going ahead.

Click on the attachment to read the full report:

Dolat Capital Craftsman Automation Q1FY22 Result Update.pdf

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