Craftsman Automation Reports Strong FY26 Results and Recommends Dividend

Craftsman Automation has announced strong financial results for the fiscal year ended March 31, 2026. The company reported consolidated Profit After Tax (PAT) of ₹116.42 crore on revenue from operations reaching ₹2,245.51 crore.

The Board of Directors approved these audited financial statements on May 7, 2026. Alongside the strong performance, the Board recommended a final dividend of ₹11.25 per equity share, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for July 23, 2026.

Ensuring management continuity, key leaders were re-appointed for five-year terms. Mr. Srinivasan Ravi will continue as Chairman and Managing Director, and Mr. Ravi Gauthamram as Whole Time Director. Both terms are effective from October 1, 2026. Additionally, Mr. Arjun Shridhar has been appointed to Senior Management Personnel, strengthening the executive team. M/s. S. Mahadevan & Co. were also re-appointed as Cost Auditors for FY27.

This strong financial performance signifies a successful operational year, marked by significant growth in both profitability and revenue. The recommended dividend offers a direct return to shareholders. The re-appointment of senior leadership is crucial for maintaining strategic direction and executing growth plans.

Craftsman Automation is a diversified engineering firm specializing in automotive powertrain components, aluminium products, and industrial solutions. The FY26 results show a significant leap from FY25, when consolidated revenue was ₹569.05 crore and PAT stood at ₹20.09 crore. The company is pursuing expansion with plans for new facilities to support future growth.

While the company is focused on expansion, it is also managing ongoing tax disputes. These include a CGST demand of ₹962.89 lakh and an income tax disallowance of ₹5.30 crore, which the company is contesting. Craftsman Automation expects no material financial impact from these matters.

Investors will be watching developments regarding the dividend approval at the upcoming AGM, future revenue and profit guidance from the company, progress on new facility expansions, and any updates on the tax disputes.