Craftsman Automation Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 23, 2023 at 02:47 am EST
Share
Craftsman Automation Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 7,490.3 million compared to INR 5,541.5 million a year ago. Revenue was INR 7,546.4 million compared to INR 5,560.4 million a year ago. Net income was INR 516.1 million compared to INR 376 million a year ago. Basic earnings per share from continuing operations was INR 24.43 compared to INR 17.8 a year ago. Diluted earnings per share from continuing operations was INR 24.43 compared to INR 17.8 a year ago.
For the nine months, sales was INR 22,022.3 million compared to INR 15,603.5 million a year ago. Revenue was INR 22,098.9 million compared to INR 13,645.2 million a year ago. Net income was INR 1,707.3 million compared to INR 1,116.3 million a year ago. Basic earnings per share from continuing operations was INR 80.81 compared to INR 52.83 a year ago. Diluted earnings per share from continuing operations was INR 80.81 compared to INR 52.83 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.
CRAFTSMAN AUTOMATION LIMITED 
