Craftsman Auto turns around

about 5 months ago
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Craftsman Automation, which had closed yesterday at Rs.2041.55, went up over 2.5% to hit an intraday high at Rs.2135.70, while its 52-week high is at Rs.2176.95.

The company, for Q1FY22, reported a 167% (YoY) jump in consolidated total revenues at Rs.435 crore though it was down 19% sequentially. Obviously, it was the lower base effect at play for the massive YoY jump and what helped was the very healthy jump in Powertrain segment.

The company turned around with a net profit of Rs.241 crore v/s net loss of Rs.16 crore.

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