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