Profit before tax (PBT) soared 114.51% YoY to Rs 201.02 crore in Q1 FY27.

Total expenses increased 33.61% YoY to Rs 2,254.26 crore. Cost of sales and services rose 41.76% YoY to Rs 1,457.74 crore, while employee benefit expenses increased 14.77% YoY to Rs 165.70 crore. Finance costs also climbed 29.95% YoY to Rs 86.16 crore during the quarter.

Segment-wise, revenue from the powertrain business increased 25.41% YoY to Rs 622.55 crore. The aluminium products segment, the company's largest contributor, reported a 38.09% YoY rise in revenue to Rs 1,479.34 crore, while the industrial and engineering segment posted a robust 54.42% YoY growth to Rs 329.69 crore.

Meanwhile, the board approved the establishment of a new manufacturing facility at Komaranapalli Village in Krishnagiri district, Tamil Nadu, to cater to incremental demand from automotive OEM customers in southern India.

The expansion will be undertaken in two phases, with an estimated investment of Rs 100 crore in Phase I and Rs 150 crore in Phase II. The project will be funded primarily through term loans, with the remaining requirement to be met through internal accruals.

Craftsman Automation, founded in 1986 in Coimbatore, is a precision engineering manufacturer catering to the automotive, industrial and engineering sectors through the production of components and sub-assemblies based on customer specifications.