Profit before interest, tax and other unallocable items (PBIT) has slumped 16.41% to Rs 88.45 crore.  PBIT of Automotive-Powertrain & Other segment fell 12.00% to Rs 69.07 crore (accounting for 78.09% of total PBIT).  PBIT of Automotive-Aluminium Products segment rose 19.82% to Rs 5.38 crore (accounting for 6.08% of total PBIT).  PBIT of Industrial & Engineering segment fell 38.70% to Rs 14.00 crore (accounting for 15.83% of total PBIT).  

PBIT margin of Automotive-Powertrain & Other segment fell from 29.44% to 23.63%.  PBIT margin of Automotive-Aluminium Products segment rose from 4.06% to 4.55%.  PBIT margin of Industrial & Engineering segment fell from 20.43% to 9.76%.  Overall PBIT margin fell from 21.64% to 15.96%.  

Operating profit margin has declined from 28.93% to 23.06%, leading to 9.67% decline in operating profit to Rs 127.81 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 43.76% to 47.76%.   Employee cost decreased from 11.50% to 9.30%.   Other expenses rose from 16.72% to 20.71%.   

Other income fell 56.25% to Rs 1.89 crore.  PBIDT fell 11.05% to Rs 129.7 crore.  Provision for interest fell 21.01% to Rs 20.19 crore.  

PBDT fell 8.93% to Rs 109.51 crore.  Provision for depreciation fell 5.55% to Rs 52.11 crore.  

Profit before tax down 11.80% to Rs 57.40 crore.  Share of profit/loss was 225% higher at Rs 0.13 crore.  Provision for tax was expense of Rs 19.93 crore, compared to Rs 21.64 crore.  Effective tax rate was 34.64% compared to 33.23%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 13.52% to Rs 37.60 crore.  

Promoters' stake was 59.76% as of 31 December 2021 ,compared to 63.40% as of 31 December 2020 .  

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

Net sales (including other operating income) of Craftsman Automation has increased 52.56% to Rs 1560.35 crore.  

Operating profit margin has declined from 28.10% to 24.30%, leading to 31.91% rise in operating profit to Rs 379.15 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 42.69% to 46.56%.   Employee cost decreased from 10.76% to 8.91%.   Other expenses rose from 18.57% to 20.68%.   

Other income fell 55.48% to Rs 3.17 crore.  PBIDT rose 29.79% to Rs 382.32 crore.  Provision for interest fell 21.79% to Rs 60.44 crore.  

PBDT rose 48.14% to Rs 321.88 crore.  Provision for depreciation rose 6.45% to Rs 151.5 crore.  

Profit before tax grew 127.29% to Rs 170.38 crore.  Share of profit/loss was 225% higher at Rs 0.26 crore.  Provision for tax was expense of Rs 59.01 crore, compared to Rs 24.96 crore.  Effective tax rate was 34.58% compared to 33.26%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 122.90% to Rs 111.63 crore.  

Promoters' stake was 59.76% as of 31 December 2021 ,compared to 63.40% as of 31 December 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.