Craftsman Automation reported strong Q2 FY2027 results with consolidated revenue at Rs 2,945.2 crore and net profit at Rs 153.18 crore. The company saw significant year-on-year growth, bolstered by operational expansion, while forming a new German subsidiary to strengthen its precision engineering footprint.
Craftsman Automation Q2 Profit Hits Rs 153.18 Crore
Revenue reached Rs 2,945.20 crore, up from Rs 2,001.59 crore in the previous year.
Reader Takeaway: Robust top-line growth across segments, though year-over-year comparisons remain impacted by recent acquisitions and structural changes.
What just happened
Craftsman Automation released its financial results for the quarter ended September 30, 2026, showing significant growth. The company reported a consolidated net profit of Rs 153.18 crore, marking a 69% increase from Rs 90.86 crore in the same quarter last year. Revenue from operations climbed 47% to Rs 2,945.20 crore, compared to Rs 2,001.59 crore a year earlier. On a standalone basis, the company posted a net profit of Rs 105.20 crore on revenue of Rs 1,848.25 crore.
Why this matters
The jump in financials indicates that the company’s recent operational scaling is gaining momentum. Management also confirmed the full utilization of proceeds from its previous Qualified Institutions Placement (QIP), which has been directed toward debt repayment and general corporate needs, strengthening the balance sheet.
Corporate Developments
The company expanded its international presence by incorporating a new subsidiary, Craftsman Fronberg Precision GmbH, in Germany. This entity will focus on high-end machining for engine and engineering components. Additionally, the company continues to pursue the amalgamation of its subsidiary, DR Axion India Limited, into Sunbeam Lightweighting Solutions Limited, pending approval from the National Company Law Tribunal.
Risks to watch
Investors should note that the current financial results are not strictly comparable to those of the year-ago period due to multiple acquisitions made during the previous fiscal year. Furthermore, the timeline for the ongoing corporate restructuring, specifically the amalgamation of its subsidiaries, depends on regulatory and legal clearances.
What to track next
Watch for updates on the productivity of the newly formed German operations and the NCLT approval process for the ongoing subsidiary consolidation.