Craftsman Automation enters Q1 FY27 results following a record quarter for Indian automotive production, which serves as a critical tailwind for its Powertrain and Aluminium Products segments. Investors will be focused on whether the company can translate this volume surge into margin expansion while managing the elevated net debt levels that persisted through the previous fiscal year.
| Results date | July 29, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 2,226.4 Cr |
| Previous quarter PAT | Rs. 384.0 Cr |
| Previous quarter EBITDA margin | 16.12% |
| Net debt (latest quarter) | Rs. 3,162 Cr |
| Market cap | Rs. 24,353.7 Cr |
| CMP | Rs. 9,311.5 |
The board meeting is scheduled for July 29, 2026, to consider the audited financial results.
Craftsman Automation's revenue trajectory is expected to remain robust, supported by record passenger vehicle dispatches which reached 12,73,811 units in Q1 FY27. The company's Aluminium Products segment, which grew 57.9% YoY in FY26, is well-positioned to benefit from the sustained OEM production volumes reported by SIAM. With the Q1 FY26 year-ago margin at 15.14%, management will be tested on its ability to leverage the current volume surge to maintain or improve profitability against the fixed-cost base of approximately Rs. 44.4 Cr per quarter in depreciation. While net debt remains elevated at Rs. 3,162 Cr as of March 2026, the company's ability to normalize working capital from the Rs. 1,745.4 Cr inventory level reported in the prior quarter will be a key driver for cash flow. The upcoming call is expected to clarify the FY27 capex outlook following the 48% overshoot observed in FY26, where spending reached Rs. 1,188 Cr.
Revenue and margin performance: Monitoring the conversion of record auto volumes into operating leverage.
Balance sheet and capex discipline: Tracking the path toward deleveraging and capital allocation.
Strategic and regulatory updates: Status of corporate structure and operational costs.
The company reported revenue of Rs. 2,226.4 Cr in Q4 FY26. This performance was supported by the Powertrain segment, which achieved an EBIT margin of 19.2%.
Net debt stood at Rs. 3,162 Cr as of March 2026, representing a net debt/EBITDA ratio of 2.55x. Management has previously targeted a ratio of 2.0x, making deleveraging a primary focus for upcoming quarters.
Craftsman Automation reported FY26 capex of Rs. 1,188 Cr, which was 48% above the initial guidance range of Rs. 750–800 Cr. This overshoot was a primary factor in the elevated net debt levels recorded at the end of the fiscal year.
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