Craftsman Automation, a Coimbatore-headquartered precision engineering company serving auto and industrial customers through its Powertrain, Aluminium Products and Industrial & Engineering segments, reports its Q2 FY 2026-2027 numbers into a record auto-demand quarter. The print will speak to whether Q1's +36.30% YoY revenue growth carries through on festive-season OEM volumes, and how the Sunbeam margin turnaround and aluminium price pass-through are tracking.
| Results date | October 28, 2026 |
|---|---|
| Quarter | Q2 FY 2026-2027 |
| Previous quarter revenue | Rs. 2,431.58 Cr (+36.30% YoY, +9.22% QoQ) |
| Previous quarter PAT | Rs. 150.55 Cr (+116.31% YoY, +29.32% QoQ) |
| Market cap | Rs. 28,764.65 Cr |
| CMP | Rs. 10,998.0 |
Per the board-meeting intimation dated 14 October 2026, the Board meets on 28 October 2026 to consider the Q2/H1 financial results for the period ended 30 September 2026. The trading window remained closed from 1 October 2026 until 48 hours after the results.
The earnings call is scheduled for 29 October 2026, 4:00 PM IST, hosted by Mr. Srinivasan Ravi (Chairman & MD) and Mr. C.B Chandrasekar (CFO).
The quarter is a checkpoint on whether Q1 FY27's +36.30% YoY consolidated revenue growth extends into a record auto-demand window, with SIAM reporting a Q2 FY27 PV dispatch record of 12,73,811 units and September retail up 31.82% YoY. Aluminium, the dominant input for the 61%-of-revenue Aluminium Products segment, peaked pre-quarter at a four-year high of $3,787.50/t on LME, sold off aggressively by early July and eased roughly 6% into October — a moderating input-cost backdrop that aligns with management's condition that FY27 mid-teens revenue growth guidance is contingent on stable aluminium prices. The rupee's September depreciation (95.72 to 96.61 on the RBI fortnightly series) raises landed cost of imported secondary aluminium, with pass-through for some customers still 'taking their own time' per the Q1 call. On the balance sheet, the Rs. 2,000 Cr QIP closed in June 2026 with Rs. 1,03,024.41 Lakhs applied to debt repayment, supporting the guided path to net debt/EBITDA below 2.0x in FY27. Management has explicitly rejected modelling 100-200 bps of FY27 margin expansion, and the temporary QIP-driven other income of Rs. 23.08 Cr in Q1 normalizes from here. The call is also expected to cover the Sunbeam turnaround, the DR Axion-Sunbeam scheme pending NCLT approval, and the FY27 capex decision taken in September against the ~Rs. 1,500 Cr envelope.
Performance vs Guidance Tracking: Key guidance items management has previously laid out, and what to check against this quarter.
Capex and new plant updates
Aluminium consolidation and NCLT scheme status
Risks and headwinds to monitor
Operating metric trajectory
Management has confirmed it is looking at a double-digit EBITDA margin for FY27, citing the May 31 union settlement and two quarters of operational efficiency. By Q1 FY27 the target had escalated to a mid-teens EBITDA margin exit in Q4 FY27.
Management laid out a scenario of debt/EBITDA reaching 1:1 in 2 years at 5% growth and elimination in another 2 years, with a 1-1.5x target at 8-10% steady-state growth. The near-term guided path is net debt/EBITDA below 2.0x in FY27, moving to 1.5x as a 'natural progression'.
FY27 consolidated capex is approximately Rs. 1,500 crores (Rs. 430 crores DR Axion, ~Rs. 1,000 crores standalone, plus Sunbeam maintenance), and management said it may be revised upward in Q3 or Q4 if market traction continues. The FY27 capex decision was due by September, with the Board reassessing on Q2 and Q3 performance.
No — when asked whether to model 100-200 bps of margin increase next year, management said no, because future capex 'will again spoil the margins'. The company is prioritizing growth investments over near-term margin expansion.
Consolidated revenue rose to Rs. 2,431.58 Cr in Q1 FY27, up 36.30% YoY and 9.22% QoQ, led by Aluminium Products at Rs. 1,479.34 Cr (+38% YoY) and Industrial & Engineering at Rs. 329.69 Cr (+53% YoY). FY26 consolidated revenue was Rs. 8,069 Cr, up 42% over FY25's Rs. 5,690 Cr.