Hot Pursuit     25-Jan-22
Craftsman Auto falls after Q3 PAT declines 13% YoY
Craftsman Automation slumped 7.19% to Rs 2,040 after the company reported a 13.5% fall in consolidated net profit to Rs 37.6 crore in Q3 FY22 from Rs 43.48 crore posted in Q3 FY21.
Net sales rose by 13.3% to Rs 554 crore in Q3 FY22 over Q3 FY21. Profit before tax declined 11.7% to Rs 57.5 crore in Q3 FY22 from Rs 65 crore in Q3 FY21. Total expenses spiked by 22.7% to Rs 426.34 crore in Q3 FY22 over Q3 FY21.

Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely automotive-powertrain and others, automotive–aluminum products, and industrial and engineering.

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