I am a shareholder of Craftsman, bought in the recent IPO, and want to know how were the latest quarterly results of the company?

Craftsman Automation, a specialized auto components company, reported 22.25% higher sales revenues for Q4FY22 at Rs656.67 crore. FY22 revenues for the full fiscal were higher by 42.1% at Rs2,217 crore on a yoy basis. Craftsman Automation saw stable growth across all the three main business verticals viz. Automotive Powertrains, Automotive aluminium products and industrial and engineering inputs. Craftsman Automation board has recommended final dividend of Rs.3.50 per share or 70%, subject to shareholder approval.

The growth in net profits was relatively tepid for Q4FY22 at just 8.84%, compared to the sales growth. The net profit figure of Rs51.46 crore was negatively impacted due to sharp spike in raw material costs amidst supply chain constraints. The industrial and engineering division showed 50% growth in operating profits while the auto components saw weak operating profits on higher input costs. Net margins were at 7.84% in Q4FY22 quarter compared to 8.80% in Q4FY21. The stock does depend on a revival in broad auto demand.