Craftsman Automation plans ₹1,000 cr capex for growth
after close1 source ↓written by the desknot a recommendation
- capital expenditure plan
- ₹1,000 cr
Craftsman Automation announced a ₹1,000 cr capital expenditure plan aimed at reducing debt and enhancing operational efficiency. The company expects margin improvements in its Aluminium and Alloy Wheels segments by Q3 FY27, driven by increased utilization rates and product development. The Industrial & Engineering segment has shown a sustainable jump in EBIT margin, indicating positive growth prospects ahead.
Not investment advice. For informational purposes only.