CRAFTSMAN2024-10-012024-12-31 CRAFTSMAN2024-10-012024-12-31 CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member CRAFTSMAN2024-12-31 CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentRevenue03Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourReportableSegmentRevenue03Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentResults03Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourReportableSegmentResults03Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentAssets03Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member CRAFTSMAN2024-12-31in-bse-fin:OneReportableSegmentLiabilities01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member CRAFTSMAN2024-12-31in-bse-fin:OneReportableSegmentLiabilities02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneReportableSegmentLiabilities03Member CRAFTSMAN2024-12-31in-bse-fin:OneReportableSegmentLiabilities03Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member CRAFTSMAN2024-10-012024-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543276 CRAFTSMAN NIL Craftsman Automation Limited Equity 2024-04-01 2025-03-31 2025-01-29 2025-01-06 INR Lakhs Third quarter 12:15:00 13:40:00 2025-01-29 2025-01-29 Not applicable Multi segment 2024-10-01 2024-12-31 Unaudited Consolidated 15760900000.00 85600000.00 15846500000.00 10216500000.00 0.00 -1905000000.00 1333800000.00 582500000.00 1034800000.00 4125800000.00 15388400000.00 458100000.00 -147600000.00 310500000.00 153900000.00 29400000.00 183300000.00 0.00 127200000.00 0.00 0.00 0.00 2100000.00 129300000.00 -150000000.00 -20700000.00 129300000.00 0.00 -20700000.00 62700000.00 119300000.00 5 5.42 5.42 0.00 0.00 5.42 5.42 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 nine months ended 31 December 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 29 January 2025. 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. Based on end consumption of the products sold or services rendered, performance assessment and resource allocation by the management, the Company has identified the reportable segments as 1. Powertrain 2. Aluminium Products 3. Industrial & Engineering. Segments that are not significant are categorised as Others . 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 entities Name of the entity Relationship DR Axion India Private Limited, India Subsidiary Sunbeam Lightweighting Solutions Private Limited, India Subsidiary (w.e.f. 09 October 2024) 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) Craftsman Fronberg Guss Immobilien GmbH, Germany Subsidiary of Craftsman Germany GmbH (w.e.f. 01 October 2024) Carl Stahl Craftsman Enterprises Private Limited, India Joint Venture Multi segment 2024-04-01 2024-12-31 Unaudited Consolidated 39412300000.00 198400000.00 39610700000.00 23616900000.00 0.00 -2069700000.00 2904300000.00 1487200000.00 2521200000.00 9069900000.00 37529800000.00 2080900000.00 -147600000.00 1933300000.00 570000000.00 30100000.00 600100000.00 0.00 1333200000.00 0.00 0.00 0.00 7900000.00 1341100000.00 -100500000.00 1240600000.00 1278100000.00 63000000.00 1177900000.00 62700000.00 119300000.00 5 55.44 55.44 0.00 0.00 55.44 55.44 Other Expenses 4125800000.00 Other Expenses 9069900000.00 Aluminium Products 9163700000.00 Industrial & Engineering 2022000000.00 Powertrain 4575200000.00 Aluminium Products 20272200000.00 Industrial & Engineering 6090600000.00 Powertrain 13049500000.00 15760900000.00 39412300000.00 15760900000.00 39412300000.00 Aluminium Products 717100000.00 Industrial & Engineering 2900000.00 Powertrain 501300000.00 Aluminium Products 2231500000.00 Industrial & Engineering 52700000.00 Powertrain 1845300000.00 1221300000.00 4129500000.00 582500000.00 1487200000.00 326200000.00 Notes: 4. During the quarter ended 30 June 2024, 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 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. The Company has acquired 100% of total securities of Sunbeam Lightweighting Solutions Private Limited ('SLSPL') comprising 853,147,112 equity shares of Rs. 10 each and 135,380,000 compulsorily convertible preference shares of Rs.10 each for Re. 1 on 09 October 2024 and subscribed to 37,60,00,000 Optionally Convertible Debentures of Rs.10 each i.e., a total consideration of Rs. 37,600 lakhs. By virtue of the voting and other rights as per the securities subscription and purchase agreement, SLSPL has been assessed as a subsidiary of the Company in compliance with Ind AS 110 – ‘Consolidated Financial Statements’ with effect from 09 October 2024. 7. Exceptional items represents expenses incurred by SLSPL in relation to relocation of its Gurgoan facility and transfer of control to the Company. 8. The Company acquired two entities in Germany - Craftsman Germany GmbH and its wholly owned subsidiary, Craftsman Fronberg Guss GmbH on 22 July 2024. 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. The transactions related to these purchases were successfully concluded in 01 October 2024. To facilitate the acquisition of these assets and support working capital requirements, the Company infused EUR 16.44 million (equivalent to Rs. 15,368 lakhs) into these entities during the period. 9. Figures for the previous year / periods have been regrouped / reclassified to conform to the figures presented in the current periods. By virtue of the acquisitions of the entities as described in notes 6 and 8 above, the consolidated financial results for the quarter and nine months ended 31 December 2024 are not comparable with quarters ended 30 September 2024 and 31 December 2023 and year ended 31 March 2024 to that extent. 701100000.00 312600000.00 1941200000.00 Aluminium Products 33990400000.00 Industrial & Engineering 10520700000.00 Powertrain 19062700000.00 63573800000.00 5647500000.00 69221300000.00 Aluminium Products 21229700000.00 Industrial & Engineering 8000100000.00 Powertrain 10415000000.00 39644800000.00 1746800000.00 41391600000.00 Remeasurement gains/(losses) on defined benefit plans -73200000.00 Remeasurement gains/(losses) on defined benefit plans -76700000.00 -73200000.00 -76700000.00 -2400000.00 -3300000.00 Effective portion of gains or loss on hedging instruments in a cash 9600000.00 Translation reserve -86400000.00 Effective portion of gains or loss on hedging instruments in a cash 65600000.00 Translation reserve -76200000.00 -76800000.00 -10600000.00 2400000.00 16500000.00