CRAFTSMAN2024-07-012024-09-30 CRAFTSMAN2024-07-012024-09-30 CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member CRAFTSMAN2024-09-30 CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentRevenue03Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourReportableSegmentRevenue03Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentResults03Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourReportableSegmentResults03Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentAssets03Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member CRAFTSMAN2024-09-30in-bse-fin:OneReportableSegmentLiabilities01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member CRAFTSMAN2024-09-30in-bse-fin:OneReportableSegmentLiabilities02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member CRAFTSMAN2024-09-30in-bse-fin:OneReportableSegmentLiabilities03Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543276 CRAFTSMAN NIL Craftsman Automation Limited Equity 2024-04-01 2025-03-31 2024-10-23 2024-10-18 INR Lakhs Half yearly 11:00:00 13:45:00 2024-10-23 2024-10-23 true Cash Flow Indirect Not applicable Multi segment 2024-07-01 2024-09-30 Unaudited Consolidated 12139500000.00 64400000.00 12203900000.00 7016500000.00 0.00 -264700000.00 832200000.00 413200000.00 761500000.00 2627700000.00 11386400000.00 817500000.00 0.00 817500000.00 205500000.00 -900000.00 204600000.00 0.00 612900000.00 0.00 0.00 0.00 4000000.00 616900000.00 -3100000.00 613800000.00 616900000.00 0.00 613800000.00 0.00 119300000.00 5 27.24 27.24 0.00 0.00 27.24 27.24 Notes: 1. The above standalone financial results of Craftsman Automation Limited (‘the Company’) and consolidated financial results of the Company, its subsidiaries (together referred to as ‘Group’) and a joint venture for the quarter and half year ended 30 September 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 23 October 2024. The above financial results were reviewed by the statutory auditors, who have issued unmodified review conclusion on these financial results. 2. 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. 3. The above consolidated results include the results and other information of the following entitties Name of the entity Relationship DR Axion India Private Limited, India Subsidiary Craftsman Europe BV, the Netherlands Subsidiary Craftsman Germany GmbH, Germany Subsidiary (w.e.f. 22 July 2024) Craftsman Fronberg Guss GmbH, Germany Subsidiary of Craftsman Germany GmbH (w.e.f. 22 July 2024) Carl Stahl Craftsman Enterprises Private Limited, India Joint Venture 4. During the period, the Company issued 27,27,272 equity shares of face value Rs.5 each through Qualified Institutions Placement ('QIP') at an issue price of Rs.4,400/- per share (including securities premium of Rs.4,395/- per share) aggregating Rs.1,20,000 lakhs. The objects of the QIP as per the placement document are repayment / pre-payment, in full or in part, of certain borrowings of the Company, acquisition of balance equity shares of DR Axion India Private Limited, a subsidiary of the Company and general corporate purposes. The proceeds were fully utilised towards the above said objects during the period under consideration. The costs that are attributable directly to the above transaction amounting to Rs.1,977 lakhs, have been adjusted against securities premium. 5. The Company has acquired balance 24% stake in DR Axion India Private Limited during the previous quarter ended 30 June 2024 for a consideration of Rs.25,000 lakhs. With this acquisition, DR Axion India Private Limited becomes a wholly owned subsidiary of the Company. 6. During the quarter ending 30 September 2024, the Company acquired two entities in Germany - Craftsman Germany GmbH and its wholly owned subsidiary, Craftsman Fronberg Guss GmbH. The Company, along with its German subsidiaries, entered into a Share Purchase Agreement and an Asset Purchase Agreement with certain parties to acquire assets of strategic interest in Germany. To facilitate the acquisition of these assets and support working capital requirements, the Company infused EUR 13.56 million (equivalent to INR 12,668 lakhs) into these entities during the quarter. The transactions related to these purchases were successfully concluded in October 2024. Multi segment 2024-04-01 2024-09-30 Unaudited Consolidated 23651400000.00 112800000.00 23764200000.00 13400400000.00 0.00 -164700000.00 1570500000.00 904700000.00 1486400000.00 4944100000.00 22141400000.00 1622800000.00 0.00 1622800000.00 416100000.00 700000.00 416800000.00 0.00 1206000000.00 0.00 0.00 0.00 5800000.00 1211800000.00 49500000.00 1261300000.00 1148800000.00 63000000.00 1198600000.00 62700000.00 119300000.00 5 50.72 50.72 0.00 0.00 50.72 50.72 Other Expenses 2627700000.00 Other Expenses 4944100000.00 23014900000.00 3935900000.00 0.00 1899900000.00 2651900000.00 0.00 0.00 42600000.00 18400000.00 0.00 1508700000.00 1527100000.00 51300000.00 1088000000.00 34211600000.00 11431200000.00 0.00 6236900000.00 1312800000.00 4075400000.00 0.00 636600000.00 12261700000.00 1396100000.00 25089000000.00 59300600000.00 119300000.00 27723200000.00 27842500000.00 27842500000.00 10898700000.00 0.00 1609200000.00 12507900000.00 0.00 1328700000.00 0.00 0.00 13836600000.00 6422200000.00 7344700000.00 2428400000.00 16195300000.00 1176300000.00 140000000.00 109900000.00 0.00 17621500000.00 31458100000.00 59300600000.00 Notes: 1. The above standalone financial results of Craftsman Automation Limited (‘the Company’) and consolidated financial results of the Company, its subsidiaries (together referred to as ‘Group’) and a joint venture for the quarter and half year ended 30 September 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 23 October 2024. The above financial results were reviewed by the statutory auditors, who have issued unmodified review conclusion on these financial results. 2. 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. 3. The above consolidated results include the results and other information of the following entitties Name of the entity Relationship DR Axion India Private Limited, India Subsidiary Craftsman Europe BV, the Netherlands Subsidiary Craftsman Germany GmbH, Germany Subsidiary (w.e.f. 22 July 2024) Craftsman Fronberg Guss GmbH, Germany Subsidiary of Craftsman Germany GmbH (w.e.f. 22 July 2024) Carl Stahl Craftsman Enterprises Private Limited, India Joint Venture 4. During the period, the Company issued 27,27,272 equity shares of face value Rs.5 each through Qualified Institutions Placement ('QIP') at an issue price of Rs.4,400/- per share (including securities premium of Rs.4,395/- per share) aggregating Rs.1,20,000 lakhs. The objects of the QIP as per the placement document are repayment / pre-payment, in full or in part, of certain borrowings of the Company, acquisition of balance equity shares of DR Axion India Private Limited, a subsidiary of the Company and general corporate purposes. The proceeds were fully utilised towards the above said objects during the period under consideration. The costs that are attributable directly to the above transaction amounting to Rs.1,977 lakhs, have been adjusted against securities premium. 5. The Company has acquired balance 24% stake in DR Axion India Private Limited during the previous quarter ended 30 June 2024 for a consideration of Rs.25,000 lakhs. With this acquisition, DR Axion India Private Limited becomes a wholly owned subsidiary of the Company. 6. During the quarter ending 30 September 2024, the Company acquired two entities in Germany - Craftsman Germany GmbH and its wholly owned subsidiary, Craftsman Fronberg Guss GmbH. The Company, along with its German subsidiaries, entered into a Share Purchase Agreement and an Asset Purchase Agreement with certain parties to acquire assets of strategic interest in Germany. To facilitate the acquisition of these assets and support working capital requirements, the Company infused EUR 13.56 million (equivalent to INR 12,668 lakhs) into these entities during the quarter. The transactions related to these purchases were successfully concluded in October 2024. Aluminium Products 5826600000.00 Industrial & Engineering 2001800000.00 Powertrain 4311100000.00 Aluminium Products 11108500000.00 Industrial & Engineering 4068600000.00 Powertrain 8474300000.00 12139500000.00 23651400000.00 12139500000.00 23651400000.00 Aluminium Products 817700000.00 Industrial & Engineering 6600000.00 Powertrain 635700000.00 Aluminium Products 1514400000.00 Industrial & Engineering 49800000.00 Powertrain 1344000000.00 1460000000.00 2908200000.00 413200000.00 904700000.00 225300000.00 Notes: 1. The above standalone financial results of Craftsman Automation Limited (‘the Company’) and consolidated financial results of the Company, its subsidiaries (together referred to as ‘Group’) and a joint venture for the quarter and half year ended 30 September 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 23 October 2024. The above financial results were reviewed by the statutory auditors, who have issued unmodified review conclusion on these financial results. 2. 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. 3. The above consolidated results include the results and other information of the following entitties Name of the entity Relationship DR Axion India Private Limited, India Subsidiary Craftsman Europe BV, the Netherlands Subsidiary Craftsman Germany GmbH, Germany Subsidiary (w.e.f. 22 July 2024) Craftsman Fronberg Guss GmbH, Germany Subsidiary of Craftsman Germany GmbH (w.e.f. 22 July 2024) Carl Stahl Craftsman Enterprises Private Limited, India Joint Venture 4. During the period, the Company issued 27,27,272 equity shares of face value Rs.5 each through Qualified Institutions Placement ('QIP') at an issue price of Rs.4,400/- per share (including securities premium of Rs.4,395/- per share) aggregating Rs.1,20,000 lakhs. The objects of the QIP as per the placement document are repayment / pre-payment, in full or in part, of certain borrowings of the Company, acquisition of balance equity shares of DR Axion India Private Limited, a subsidiary of the Company and general corporate purposes. The proceeds were fully utilised towards the above said objects during the period under consideration. The costs that are attributable directly to the above transaction amounting to Rs.1,977 lakhs, have been adjusted against securities premium. 5. The Company has acquired balance 24% stake in DR Axion India Private Limited during the previous quarter ended 30 June 2024 for a consideration of Rs.25,000 lakhs. With this acquisition, DR Axion India Private Limited becomes a wholly owned subsidiary of the Company. 6. During the quarter ending 30 September 2024, the Company acquired two entities in Germany - Craftsman Germany GmbH and its wholly owned subsidiary, Craftsman Fronberg Guss GmbH. The Company, along with its German subsidiaries, entered into a Share Purchase Agreement and an Asset Purchase Agreement with certain parties to acquire assets of strategic interest in Germany. To facilitate the acquisition of these assets and support working capital requirements, the Company infused EUR 13.56 million (equivalent to INR 12,668 lakhs) into these entities during the quarter. The transactions related to these purchases were successfully concluded in October 2024. 374900000.00 821500000.00 1628600000.00 Aluminium Products 21458400000.00 Industrial & Engineering 10342400000.00 Powertrain 16654800000.00 48455600000.00 10845000000.00 59300600000.00 Aluminium Products 11154000000.00 Industrial & Engineering 6840500000.00 Powertrain 9990700000.00 27985200000.00 3472900000.00 31458100000.00 890500000.00 -1015600000.00 -491700000.00 0.00 -736800000.00 0.00 0.00 -4408400000.00 0.00 -641200000.00 0.00 124800000.00 0.00 1486400000.00 0.00 15100000.00 0.00 92900000.00 0.00 -22300000.00 0.00 71000000.00 0.00 0.00 0.00 0.00 0.00 -124800000.00 0.00 -4902100000.00 -3279300000.00 0.00 0.00 0.00 365900000.00 0.00 -3645200000.00 0.00 0.00 0.00 3445800000.00 0.00 0.00 0.00 0.00 0.00 4672700000.00 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 0.00 71000000.00 0.00 0.00 0.00 -8047500000.00 0.00 0.00 11802300000.00 0.00 0.00 0.00 0.00 0.00 5773300000.00 3907000000.00 0.00 158300000.00 237700000.00 905600000.00 0.00 0.00 12367000000.00 674300000.00 3600000.00 677900000.00 634900000.00 1312800000.00 Remeasurement gains/(losses) on defined benefit plans 0.00 Remeasurement gains/(losses) on defined benefit plans -3500000.00 0.00 -3500000.00 0.00 -900000.00 Effective portion of gains or loss on hedging instruments in a cash -21400000.00 Translation reserve 12900000.00 Effective portion of gains or loss on hedging instruments in a cash 56000000.00 Translation reserve 10200000.00 -8500000.00 66200000.00 -5400000.00 14100000.00