Craftsman Automation's Q2 FY25 financial results show mixed trends, investors advised to hold
Craftsman Automation, a midcap engineering company, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Craftsman Auto has seen a negative performance in the quarter, with a score of -9, which has improved from -12 in the last three months. However, there are some positive aspects to the company’s financials.
The net sales for the quarter were the highest in the last five quarters, at Rs 1,213.95 crore. The near-term sales trend is also positive for the company. However, there are some areas that need improvement.
The operating profit (PBDIT) for the quarter was the lowest in the last five quarters, at Rs 192.78 crore, and has fallen each quarter. The near-term trend for operating profit is quite negative, indicating a decline in the company’s efficiency.
The operating profit margin for the quarter was also the lowest in the last five quarters, at 15.88%, and has fallen each quarter. This shows a deterioration in the company’s efficiency.
The profit before tax less other income (PBT) for the quarter was the lowest in the last five quarters, at Rs 75.71 crore, and has fallen each quarter. The near-term trend for PBT is very negative.
The profit after tax (PAT) for the quarter was at Rs 61.69 crore, which is a decrease of 12.9% from the average PAT of the previous four quarters, which was Rs 70.80 crore. The near-term trend for PAT is also very negative.
On a positive note, the non-operating income for the quarter was the highest in the last five quarters, at Rs 6.44 crore. However, this increase in income from non-business activities may not be sustainable.
Overall, the financial results for the quarter ending September 2024 show a mix of positive and negative trends for Craftsman Automation. Investors are advised to hold their stock and keep an eye on the company’s future performance.
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