Yet another quarter of disappointing performance

Company
28 Oct 2024
5 Min read 
  • Craftsman Automation reported weak quarter with significant PAT miss
  •  Management executing multiple projects simultaneously, leading to financial performance impact
  •  Earnings cut, stock downgraded to Neutral with TP of INR5,435
  •  Financials impacted by start-up costs of new plants and acquisitions
  •  Quarterly results show decline in EBITDA and adj. PAT
  •  Management interaction highlights future revenue projections and debt reduction
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