Craftsman Automation reports Q2 revenue of ₹2,945 crore

Craftsman Automation Limited reported revenue of ₹2,945 crore for the quarter ended September 30, 2026, compared with an expected ₹2,594 crore, while earnings per share came in at 58.6 against a 56.69 forecast. Management said capacity additions and order growth support its expansion, although margin pressure remains from ramp-up costs and commodity movements.

What did Craftsman Automation report for the September quarter?

Craftsman Automation reported quarterly revenue of ₹2,945 crore, exceeding the reported market expectation of ₹2,594 crore. Earnings per share were 58.6, compared with a forecast of 56.69. The company discussed the unaudited financial results for the quarter and half year ended September 30, 2026, in its earnings conference call held on October 29, 2026.

The available information also points to gross profit growth of about 30% year-on-year in both the first half and the second quarter. Management said it was confident that this gross-profit growth trajectory would continue over the next two to three quarters. The disclosure does not provide a separate reported net profit figure, operating margin, or segment-wise revenue breakdown.

Why is Craftsman Automation expanding its capacity?

Craftsman Automation said it has built substantial capacity and that further capacity is still being created. However, management noted that not all of the new capacity has entered production and that some pipelines are not yet full. This means the company is balancing its expansion plans with the time required to ramp up new facilities and orders.

Chairman and Managing Director Srinivasan Ravi said the company remains on a growth path and expects this to continue in the second half as well as over the next two financial years. The statement links the company’s growth outlook to capacity creation, though the company did not provide a quantified revenue or volume outlook for those periods in the supplied material.

The company also referred to a target of reaching a $100 million run rate by the third or fourth quarter of FY30. According to management, roughly 30% of this target is expected to be achieved by FY28 and 50% by FY29. The disclosure does not specify the business line to which the run-rate target applies.

What capital expenditure has Craftsman Automation planned?

Craftsman Automation expects consolidated capital expenditure of about ₹500 crore to ₹600 crore in Q3. Management said Q4 spending would be limited because longer-term projects are being moved into later years through a phased approach.

The planned spending is consistent with management’s comments that capacity is still being created. At the same time, phasing some projects limits near-term Q4 expenditure relative to Q3. No detailed split of the planned capital expenditure by plant, geography, business segment, funding source, or asset category was provided in the supplied information.

What factors are affecting Craftsman Automation's margins?

Craftsman Automation identified ramp-up and input-cost conditions as relevant factors for margins. Management referred to the war-related headwinds and sharply rising commodity prices experienced earlier, while adding that commodity prices are now on a lower trajectory. It said the company had weathered those conditions.

The company’s reported gross-profit growth of about 30% year-on-year provides an important indicator of its operating performance, but it does not remove the margin risks associated with new capacity ramp-up. New facilities can take time to reach planned production levels, and management specifically said some capacities were not yet in production while some pipelines were not full.

For investors, the key disclosed indicators are the revenue outperformance against expectations, gross-profit growth and the scale of Q3 capital expenditure. The supplied material does not provide a share-price movement, valuation data, debt figures, cash-flow numbers, or formal margin guidance, so those measures cannot be assessed from this update.

When did Craftsman Automation release the earnings-call recording?

Craftsman Automation said the audio recording of its earnings conference call held on October 29, 2026, at 4:00 p.m. IST was available on the company website. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015, read with the relevant provisions of Schedule III and Regulation 46(2)(oa).

The call covered the unaudited results for the September quarter and first half. During the call, management described the operational backdrop, including capacity expansion, order pipelines, commodity-price changes and the capital-expenditure plan. The company’s disclosure provides investors with access to the call recording, while customer-specific details were not addressed due to confidentiality obligations.

How does the update matter for investors and operations?

The revenue figure of ₹2,945 crore was higher than the stated expectation of ₹2,594 crore, and earnings per share also exceeded the reported forecast. These figures indicate that the quarter was stronger than the expectations cited in the supplied data. Gross-profit growth of about 30% in both Q2 and H1 adds context to the reported performance.

However, the operational picture remains tied to execution. Capacity under construction, capacity yet to enter production and order pipelines that are not full can affect how quickly investments contribute to output. The ₹500 crore to ₹600 crore Q3 capital-expenditure plan also means investors will be tracking the pace of project commissioning and the company’s ability to manage ramp-up costs.

Conclusion

Craftsman Automation’s September-quarter update combines revenue of ₹2,945 crore and earnings per share of 58.6, both above the expectations cited in the provided results summary, with roughly 30% year-on-year gross-profit growth in Q2 and H1. Management’s comments show that capacity creation and order growth remain central to the company’s operating strategy, while input costs and ramp-up conditions remain relevant to margins.

The next disclosed items to watch are the planned ₹500 crore to ₹600 crore consolidated Q3 capital expenditure, the limited Q4 spending expected under the phased project approach, and progress toward management’s stated $100 million run-rate timeline by Q3 or Q4 of FY30. Investors will also monitor whether new capacity enters production and whether order pipelines strengthen as management expects growth to continue into the second half and the following two financial years.