Profit before interest, tax and other unallocable items (PBIT) has jumped 61.86% to Rs 105.81 crore.  PBIT of Automotive-Powertrain & Other segment rose 109.06% to Rs 86.03 crore (accounting for 81.31% of total PBIT).  PBIT of Automotive-Aluminium Products segment rose 440.58% to Rs 7.46 crore (accounting for 7.05% of total PBIT).  PBIT of Industrial & Engineering segment fell 46.06% to Rs 12.32 crore (accounting for 11.64% of total PBIT).  

PBIT margin of Automotive-Powertrain & Other segment rose from 22.56% to 29.45%.  PBIT margin of Automotive-Aluminium Products segment rose from 1.67% to 6.63%.  PBIT margin of Industrial & Engineering segment fell from 21.62% to 7.41%.  Overall PBIT margin rose from 17.63% to 18.53%.  

Operating profit margin has declined from 27.31% to 25.15%, leading to 41.81% rise in operating profit to Rs 143.60 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 43.23% to 47.09%.   Employee cost decreased from 9.69% to 8.20%.   Other expenses fell from 20.15% to 20.02%.   

Other income fell 71.68% to Rs 0.64 crore.  PBIDT rose 39.34% to Rs 144.24 crore.  Provision for interest fell 16.81% to Rs 17.76 crore.  Loan funds rose to Rs 819.60 crore as of 30 September 2021 from Rs 780.92 crore as of 30 September 2020.  Inventories rose to Rs 476.59 crore as of 30 September 2021 from Rs 299.97 crore as of 30 September 2020.  Sundry debtors were higher at Rs 234.61 crore as of 30 September 2021 compared to Rs 185.11 crore as of 30 September 2020.  Cash and bank balance declined from Rs 54.99 crore as of 30 September 2020 to Rs 42.55 crore as of 30 September 2021.  Investments rose to Rs 2.39 crore as of 30 September 2021 from Rs 2.13 crore as of 30 September 2020 .  

PBDT rose 53.92% to Rs 126.48 crore.  Provision for depreciation rose 4.78% to Rs 50.02 crore.  Fixed assets declined from Rs 1,543.02 crore as of 30 September 2020 to Rs 1,530.57 crore as of 30 September 2021.  Intangible assets declined from Rs 8.39 crore to Rs 5.26 crore.  

Profit before tax grew 122.07% to Rs 76.46 crore.  Provision for tax was expense of Rs 26.58 crore, compared to Rs 11.59 crore.  Effective tax rate was 34.73% compared to 33.67%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 118.83% to Rs 49.96 crore.  

Equity capital increased from Rs 10.06 crore as of 30 September 2020 to Rs 10.56 crore as of 30 September 2021.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 59.76% as of 30 September 2021

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Craftsman Automation has increased 88.53% to Rs 1006.2 crore. Sales of Automotive-Powertrain & Other segment has gone up 103.98% to Rs 524.45 crore (accounting for 52.12% of total sales).  Sales of Automotive-Aluminium Products segment has gone up 80.12% to Rs 189.41 crore (accounting for 18.82% of total sales).  Sales of Industrial & Engineering segment rose 70.51% to Rs 292.34 crore (accounting for 29.05% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 119.57% to Rs 176.47 crore.  PBIT of Automotive-Powertrain & Other segment rose 218.31% to Rs 148.46 crore (accounting for 84.13% of total PBIT).  PBIT of Automotive-Aluminium Products segment was Rs 2.8 crore compared to loss of Rs 2.94 crore (accounting for 1.59% of total PBIT).  PBIT of Industrial & Engineering segment fell 31.25% to Rs 25.21 crore (accounting for 14.29% of total PBIT).  

PBIT margin of Automotive-Powertrain & Other segment rose from 18.14% to 28.31%.  PBIT margin of Automotive-Aluminium Products segment rose from negative 2.80% to 1.48%.  PBIT margin of Industrial & Engineering segment fell from 21.39% to 8.62%.  Overall PBIT margin rose from 15.06% to 17.54%.  

Operating profit margin has declined from 27.35% to 24.98%, leading to 72.20% rise in operating profit to Rs 251.34 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 41.66% to 45.87%.   Employee cost decreased from 10.90% to 8.68%.   Other expenses rose from 20.36% to 20.66%.   

Other income fell 54.29% to Rs 1.28 crore.  PBIDT rose 69.82% to Rs 252.62 crore.  Provision for interest fell 22.18% to Rs 40.25 crore.  Loan funds rose to Rs 819.60 crore as of 30 September 2021 from Rs 780.92 crore as of 30 September 2020.  Inventories rose to Rs 476.59 crore as of 30 September 2021 from Rs 299.97 crore as of 30 September 2020.  Sundry debtors were higher at Rs 234.61 crore as of 30 September 2021 compared to Rs 185.11 crore as of 30 September 2020.  Cash and bank balance declined from Rs 54.99 crore as of 30 September 2020 to Rs 42.55 crore as of 30 September 2021.  Investments rose to Rs 2.39 crore as of 30 September 2021 from Rs 2.13 crore as of 30 September 2020 .  

PBDT rose 118.87% to Rs 212.37 crore.  Provision for depreciation rose 14.04% to Rs 99.39 crore.  Fixed assets declined from Rs 1,543.02 crore as of 30 September 2020 to Rs 1,530.57 crore as of 30 September 2021.  Intangible assets declined from Rs 8.39 crore to Rs 5.26 crore.  

Profit before tax grew 1043.52% to Rs 112.98 crore.  Share of profit/loss was 225% higher at Rs 0.13 crore.  Provision for tax was expense of Rs 39.08 crore, compared to Rs 3.32 crore.  Effective tax rate was 34.55% compared to 33.47%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 1021.67% to Rs 74.03 crore.  

Equity capital increased from Rs 10.06 crore as of 30 September 2020 to Rs 10.56 crore as of 30 September 2021.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 59.76% as of 30 September 2021

Cash flow from operating activities increased to Rs 146.43 crore for YTD ended September 2021 from Rs 118.39 crore for YTD ended September 2020.  Cash flow used in acquiring fixed assets during the YTD ended September 2021 stood at Rs 119.02 crore, compared to Rs 13.18 crore during the YTD ended September 2020.  

Full year results analysis.

Net sales (including other operating income) of Craftsman Automation has increased 4.52% to Rs 1559.95 crore.  Sales of Automotive-Powertrain & Other segment has gone up 14.38% to Rs 811.27 crore (accounting for 52.01% of total sales).  Sales of Automotive-Aluminium Products segment has gone up 27.96% to Rs 329.75 crore (accounting for 21.14% of total sales).  Sales of Industrial & Engineering segment fell 20.28% to Rs 418.93 crore (accounting for 26.86% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 17.95% to Rs 302.69 crore.  PBIT of Automotive-Powertrain & Other segment rose 46.31% to Rs 220.64 crore (accounting for 72.89% of total PBIT).  PBIT of Automotive-Aluminium Products segment fell 71.73% to Rs 2.53 crore (accounting for 0.84% of total PBIT).  PBIT of Industrial & Engineering segment fell 17.91% to Rs 79.52 crore (accounting for 26.27% of total PBIT).  

PBIT margin of Automotive-Powertrain & Other segment rose from 21.26% to 27.20%.  PBIT margin of Automotive-Aluminium Products segment fell from 3.47% to 0.77%.  PBIT margin of Industrial & Engineering segment rose from 18.43% to 18.98%.  Overall PBIT margin rose from 17.19% to 19.40%.  

Operating profit margin has jumped from 26.67% to 28.09%, leading to 10.12% rise in operating profit to Rs 438.24 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 38.70% to 42.96%.   Employee cost decreased from 10.51% to 9.23%.   Other expenses fell from 23.85% to 19.83%.   

Other income rose 17.35% to Rs 10.08 crore.  PBIDT rose 10.27% to Rs 448.32 crore.  Provision for interest fell 27.81% to Rs 107.28 crore.  Loan funds declined from Rs 912.55 crore as of 31 March 2020 to Rs 678.36 crore as of 31 March 2021.  Inventories rose to Rs 405.64 crore as of 31 March 2021 from Rs 325.61 crore as of 31 March 2020.  Sundry debtors were higher at Rs 238.95 crore as of 31 March 2021 compared to Rs 194.32 crore as of 31 March 2020.  Cash and bank balance declined from Rs 71.64 crore as of 31 March 2020 to Rs 46.66 crore as of 31 March 2021.  Investments declined from Rs 3.20 crore as of 31 March 2020 to Rs 2.25 crore as of 31 March 2021.  

PBDT rose 32.21% to Rs 341.04 crore.  Provision for depreciation fell 2.01% to Rs 192.45 crore.  Fixed assets declined from Rs 1,623.99 crore as of 31 March 2020 to Rs 1,535.69 crore as of 31 March 2021.  Intangible assets declined from Rs 10.62 crore to Rs 6.78 crore.  

Profit before tax grew 141.37% to Rs 148.59 crore.  Provision for tax was expense of Rs 51.4 crore, compared to Rs 15.76 crore.  Effective tax rate was 34.55% compared to 28.26%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 143.34% to Rs 97.36 crore.  

Equity capital increased from Rs 10.06 crore as of 31 March 2020 to Rs 10.56 crore as of 31 March 2021.  Per share face Value remained same at Rs 5.00.  

Promoters' stake was 59.76% as of 31 March 2021

Cash flow from operating activities increased to Rs 362.38 crore for year ended March 2021 from Rs 306.28 crore for year ended March 2020.  Cash flow used in acquiring fixed assets during the year ended March 2021 stood at Rs 99.28 crore, compared to Rs 140.44 crore during the year ended March 2020.