CRAFTSMAN2024-01-012024-03-31 CRAFTSMAN2024-01-012024-03-31 CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member CRAFTSMAN2024-03-31 CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member CRAFTSMAN2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member CRAFTSMAN2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member CRAFTSMAN2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543276 CRAFTSMAN NIL Craftsman Automation Limited Equity 2023-04-01 2024-03-31 2024-04-27 2024-04-01 INR Lakhs Yearly 12:20:00 13:30:00 2024-04-27 2024-04-27 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Consolidated 11053400000.00 53100000.00 11106500000.00 6765600000.00 0.00 -781500000.00 729500000.00 464000000.00 722900000.00 2270800000.00 10171300000.00 935200000.00 0.00 935200000.00 240600000.00 -7700000.00 232900000.00 0.00 702300000.00 0.00 0.00 0.00 3000000.00 705300000.00 -10100000.00 695200000.00 614300000.00 80900000.00 105600000.00 5 29.50 29.50 0.00 0.00 29.50 29.50 1. The above standalone financial results of Craftsman Automation Limited (‘the Company’) and consolidated financial results of the Company, its subsidiaries and a joint venture (together referred to as ‘Group’) for the quarter and year ended 31 March 2024 are drawn up in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI (LODR) Regulations'). These results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 27 April 2024. The above financial results were audited by the statutory auditors, who have issued unmodified opinion on these financial results. 2. The Board of Directors of the Company have recommended a final dividend of 225%, being Rs.11.25 per equity share of the face value of Rs. 5/- each of the Company, for the year ended 31 March 2024 which is subject to the approval by the Shareholders at the Annual General Meeting. 3. The Company has reported segment information as per Indian Accounting Standard 108 Operating Segments (IND AS 108) read with SEBI’s circular CIR/CFD/FAC/62/2016 dated 05 July 2016. Accordingly, the Company has identified the reportable segments based on end consumption of the products sold or services rendered and is consistent with performance assessment and resource allocation by the management. Segment revenue comprises sales and operational income allocable specifically to a segment. Un-allocable expenditure mainly includes corporate expenses, finance cost and other expenses. Un-allocable income primarily includes other income. During the year, the Chief Operating Decision Maker (‘CODM’) has, considering the increased prospects for non-automotive powertrain products, decided to rename “Automotive – Powertrain and others” segment as “Powertrain” segment. There have been no change in current or comparable period figures 4. The above consolidated results include the results and other information of DR Axion India Private Limited, India - Subsidiary , Craftsman Europe BV, the Netherlands- Subsidiary Carl Stahl Craftsman Enterprises Private Limited, India - Joint Venture 5. The Code on Social Security 2020 (the 'Code') relating to employee benefits during employment and post-employment received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period in which the Code becomes effective. 6. Figures for the previous year / periods have been regrouped / reclassified to conform to the figures presented in the current periods. The Company acquired 76% of the equity share capital of DR Axion India Private Limited on 01 February 2023. Accordingly, the consolidated financial results for the quarter and year ended 31 March 2024 is not comparable with quarter and year ended 31 March 2023 to that extent Figures for the quarter ended March 31, 2024 and March 31, 2023 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2023 and December 31, 2022 respectively Multi segment 2023-04-01 2024-03-31 Audited Consolidated 44517300000.00 172400000.00 44689700000.00 25215300000.00 0.00 -1502200000.00 2884600000.00 1745400000.00 2776900000.00 9131300000.00 40251300000.00 4438400000.00 0.00 4438400000.00 1170200000.00 -96600000.00 1073600000.00 0.00 3364800000.00 0.00 0.00 0.00 8500000.00 3373300000.00 2000000.00 3375300000.00 3048500000.00 326800000.00 105600000.00 5 15920000000.00 144.11 144.11 0.00 0.00 144.11 144.11 Other Expenses 2270800000.00 Other Expenses 9131300000.00 936800000.00 21334400000.00 1786100000.00 0.00 1899900000.00 2432800000.00 0.00 0.00 36800000.00 7900000.00 0.00 0.00 501300000.00 509200000.00 82800000.00 1145600000.00 29227600000.00 10408200000.00 0.00 5766300000.00 634900000.00 195300000.00 0.00 105800000.00 6702300000.00 0.00 719300000.00 17829800000.00 0.00 0.00 47057400000.00 105600000.00 16474200000.00 16579800000.00 17516600000.00 11248400000.00 1669700000.00 12918100000.00 0.00 1314800000.00 14232900000.00 4215900000.00 8006400000.00 1894800000.00 14117100000.00 987500000.00 112100000.00 91200000.00 0.00 15307900000.00 29540800000.00 47057400000.00 1. The above standalone financial results of Craftsman Automation Limited (‘the Company’) and consolidated financial results of the Company, its subsidiaries and a joint venture (together referred to as ‘Group’) for the quarter and year ended 31 March 2024 are drawn up in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI (LODR) Regulations'). These results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 27 April 2024. The above financial results were audited by the statutory auditors, who have issued unmodified opinion on these financial results. 2. The Board of Directors of the Company have recommended a final dividend of 225%, being Rs.11.25 per equity share of the face value of Rs. 5/- each of the Company, for the year ended 31 March 2024 which is subject to the approval by the Shareholders at the Annual General Meeting. 3. The Company has reported segment information as per Indian Accounting Standard 108 Operating Segments (IND AS 108) read with SEBI’s circular CIR/CFD/FAC/62/2016 dated 05 July 2016. Accordingly, the Company has identified the reportable segments based on end consumption of the products sold or services rendered and is consistent with performance assessment and resource allocation by the management. Segment revenue comprises sales and operational income allocable specifically to a segment. Un-allocable expenditure mainly includes corporate expenses, finance cost and other expenses. Un-allocable income primarily includes other income. During the year, the Chief Operating Decision Maker (‘CODM’) has, considering the increased prospects for non-automotive powertrain products, decided to rename “Automotive – Powertrain and others” segment as “Powertrain” segment. There have been no change in current or comparable period figures 4. The above consolidated results include the results and other information of DR Axion India Private Limited, India - Subsidiary , Craftsman Europe BV, the Netherlands- Subsidiary Carl Stahl Craftsman Enterprises Private Limited, India - Joint Venture 5. The Code on Social Security 2020 (the 'Code') relating to employee benefits during employment and post-employment received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period in which the Code becomes effective. 6. Figures for the previous year / periods have been regrouped / reclassified to conform to the figures presented in the current periods. The Company acquired 76% of the equity share capital of DR Axion India Private Limited on 01 February 2023. Accordingly, the consolidated financial results for the quarter and year ended 31 March 2024 is not comparable with quarter and year ended 31 March 2023 to that extent Figures for the quarter ended March 31, 2024 and March 31, 2023 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2023 and December 31, 2022 respectively Aluminium Products 5328300000.00 Industrial & Engineering 1827800000.00 Powertrain 3897300000.00 Aluminium Products 21536100000.00 Industrial & Engineering 7397500000.00 Powertrain 15583700000.00 11053400000.00 44517300000.00 11053400000.00 44517300000.00 Aluminium Products 856800000.00 Industrial & Engineering 47500000.00 Powertrain 591700000.00 Aluminium Products 3220300000.00 Industrial & Engineering 493500000.00 Powertrain 2916300000.00 1496000000.00 6630100000.00 464000000.00 1745400000.00 93800000.00 1. The above standalone financial results of Craftsman Automation Limited (‘the Company’) and consolidated financial results of the Company, its subsidiaries and a joint venture (together referred to as ‘Group’) for the quarter and year ended 31 March 2024 are drawn up in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI (LODR) Regulations'). These results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 27 April 2024. The above financial results were audited by the statutory auditors, who have issued unmodified opinion on these financial results. 2. The Board of Directors of the Company have recommended a final dividend of 225%, being Rs.11.25 per equity share of the face value of Rs. 5/- each of the Company, for the year ended 31 March 2024 which is subject to the approval by the Shareholders at the Annual General Meeting. 3. The Company has reported segment information as per Indian Accounting Standard 108 Operating Segments (IND AS 108) read with SEBI’s circular CIR/CFD/FAC/62/2016 dated 05 July 2016. Accordingly, the Company has identified the reportable segments based on end consumption of the products sold or services rendered and is consistent with performance assessment and resource allocation by the management. Segment revenue comprises sales and operational income allocable specifically to a segment. Un-allocable expenditure mainly includes corporate expenses, finance cost and other expenses. Un-allocable income primarily includes other income. During the year, the Chief Operating Decision Maker (‘CODM’) has, considering the increased prospects for non-automotive powertrain products, decided to rename “Automotive – Powertrain and others” segment as “Powertrain” segment. There have been no change in current or comparable period figures 4. The above consolidated results include the results and other information of DR Axion India Private Limited, India - Subsidiary , Craftsman Europe BV, the Netherlands- Subsidiary Carl Stahl Craftsman Enterprises Private Limited, India - Joint Venture 5. The Code on Social Security 2020 (the 'Code') relating to employee benefits during employment and post-employment received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period in which the Code becomes effective. 6. Figures for the previous year / periods have been regrouped / reclassified to conform to the figures presented in the current periods. The Company acquired 76% of the equity share capital of DR Axion India Private Limited on 01 February 2023. Accordingly, the consolidated financial results for the quarter and year ended 31 March 2024 is not comparable with quarter and year ended 31 March 2023 to that extent Figures for the quarter ended March 31, 2024 and March 31, 2023 represent the difference between audited figures for the financial year and the limited reviewed figures for the nine months period ended December 31, 2023 and December 31, 2022 respectively 437800000.00 938200000.00 4446900000.00 Aluminium Products 18025700000.00 Industrial & Engineering 8854100000.00 Powertrain 15457200000.00 42337000000.00 4720400000.00 47057400000.00 Aluminium Products 9163900000.00 Industrial & Engineering 5888500000.00 Powertrain 9466700000.00 24519100000.00 5021700000.00 29540800000.00 1734900000.00 -2087600000.00 -309500000.00 0.00 -56800000.00 0.00 -166100000.00 0.00 0.00 907400000.00 0.00 -125100000.00 0.00 2776900000.00 0.00 800000.00 0.00 -86700000.00 0.00 -104200000.00 0.00 29900000.00 0.00 0.00 0.00 0.00 0.00 0.00 -284000000.00 2170100000.00 6608500000.00 0.00 0.00 0.00 1475400000.00 0.00 5133100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 29200000.00 6310000000.00 -1800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23300000.00 0.00 0.00 0.00 -6259300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3937500000.00 0.00 0.00 499500000.00 237700000.00 1718000000.00 0.00 0.00 1482300000.00 356100000.00 5600000.00 361700000.00 273200000.00 634900000.00 Remeasurement gains/(losses) on defined benefit plans -17400000.00 Share of OCI of joint venture accounted for using equity method 100000.00 Remeasurement gains/(losses) on defined benefit plans -31600000.00 Share of OCI of joint venture accounted for using equity method 100000.00 -17300000.00 -31500000.00 -4300000.00 -7900000.00 Effective portion of gains or loss on hedging instruments in a cash 10600000.00 Translation reserve -5000000.00 Effective portion of gains or loss on hedging instruments in a cash 32100000.00 Translation reserve 1600000.00 5600000.00 33700000.00 2700000.00 8100000.00