Craftsman Automation Q4FY22 PAT up 8.84% at Rs51.46 crore yoy as higher input costs subdue profit growth

10 May 2022 , 01:00 AM

Craftsman Automation Ltd reported 22.25% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs656.67 crore. On a sequential basis, revenues were higher for the quarter by 18.50%.

For the full year FY22, the revenues were higher by 42.1% at Rs2,217 crore. On  yoy basis, the company saw stable growth across all the three principal verticals viz. Automotive Powertrains,

Automotive aluminium products and industrial and engineering inputs. Company recommended final dividend of Rs.3.50 per share of 70%.

The consolidated net profit for Q4FY22 was up 8.84% at Rs51.46 crore while it was up on a sequential basis by 36.86%.

The sharp spike in raw material costs due to supply chain constraints subdued the profit growth. In terms of verticals, the operating profit of the industrial and engineering division showed 50% growth yoy.

Auto components saw tepid operating profits on higher material costs. Net margins stood at 7.84% in Q4FY22 quarter compared to 8.80% in Q4FY21. NPM was higher sequentially against 6.79% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Craftsman Automation
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 656.67	₹ 537.16	22.25%	₹ 554.15	18.50%
Net Profit (Rs cr)	₹ 51.46	₹ 47.28	8.84%	₹ 37.60	36.86%
Diluted EPS (Rs)	₹ 24.36	₹ 23.37		₹ 17.80
Net Margins	7.84%	8.80%		6.79%