Craftsman Automation Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 30, 2023 at 03:37 am EDT
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Craftsman Automation Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 11,790.6 million compared to INR 7,762.4 million a year ago. Revenue was INR 11,837.8 million compared to INR 7,779.8 million a year ago. Net income was INR 945.4 million compared to INR 624.8 million a year ago. Basic earnings per share from continuing operations was INR 44.75 compared to INR 29.57 a year ago. Diluted earnings per share from continuing operations was INR 44.75 compared to INR 29.57 a year ago.
For the six months, sales was INR 22,166.9 million compared to INR 14,532 million a year ago. Revenue was INR 22,251.2 million compared to INR 14,562.5 million a year ago. Net income was INR 1,690.2 million compared to INR 1,191.2 million a year ago. Basic earnings per share from continuing operations was INR 80 compared to INR 56.38 a year ago. Diluted earnings per share from continuing operations was INR 80 compared to INR 56.38 a year ago.
Craftsman Automation Limited is an India-based diversified engineering company with vertically integrated manufacturing capabilities. Its segments include Automotive-Powertrain & Others, Aluminium Products and Industrial & Engineering. The Automotive-Powertrain & Others segment develops, manufactures and sells goods and services of power trains and other products to the manufacturers of commercial/ passenger vehicles, farm equipment, mining and construction equipment. The Aluminium Products segment develops, manufactures, and sells goods and services consisting of aluminum products to the manufacturers of two wheelers, passenger vehicles and commercial vehicles and products for power transmission and other industrial usage. The Industrial & Engineering segment develops, manufactures, and sells goods and services, such as castings, gears, material handling equipment, special purpose machines, other general engineering products and storage products to various end user industries.