'
Craftsman Automation hosted a conference
call on April 29, 2024. In the conference call, the company was represented by Mr.
Srinivasan Ravi – Chairman and Managing Director.
Key takeaways of the call
In Q4 FY24, commercial vehicle
segment reported flattish performance. Exports remain stressed due to
geopolitical factors. PV segment witnessed growth especially in SUV segment.
Management expects domestic sales to
be muted in Q1 FY25. However expects sales to grow on full year basis in FY25.
Dependence on powertrain segment has
reduced as the company is getting more balanced on the segment-wise
diversification.
ROC has declined marginally but ROE has
improved in FY24 compared to last year.
C...
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