Craftsman Automation Ltd — earnings calls

Craftsman Automation management discussed segment-level performance across Powertrain, Aluminium, Industrial and Sunbeam businesses for Q1 FY27, describing the aluminium segment as being on a growth trajectory supported by recent capacity investments. Management outlined capex plans of roughly INR 1,000 crores standalone and INR 430 crores at DR Axion, along with progress on the heavy horsepower stationary engine order book targeting USD 100 million in revenue by FY29. Management also addressed the Sunbeam restructuring, capacity utilization levels across segments, and rising raw material cost pass-through discussions with customers.

Craftsman Automation's management discussed ramp-up of its alloy wheel plants at Bhiwadi and Hosur, restructuring efforts at the recently acquired Sunbeam aluminum business to exit unprofitable customers and products, and consolidation plans for its aluminum entities including DR Axion and Sunbeam. Management described net debt to EBITDA at 2.43x with an expectation of it declining, and discussed capacity utilization across powertrain, aluminum and industrial engineering segments. The call also covered capex plans, a new greenfield project at Sriperumbudur, and inflationary manpower cost pressures across the group.