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Shares of Jyoti CNC Automation fell as much as 9% on Friday, May 29, after the machine tools manufacturer reported weaker-than-expected FY26 earnings, with profit and operating margin for the March quarter declining from a year ago.
The company reported a 16.9% year-on-year fall in consolidated net profit to ₹90.6 crore for Q4FY26, compared to ₹109 crore in the corresponding quarter last year. Revenue rose 4.2% to ₹600 crore from ₹575.7 crore a year ago.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 16.6% to ₹148.2 crore from ₹177.7 crore in the year-ago quarter, while EBITDA margin contracted to 24.7% from 30.8%.
Higher operating costs and finance expenses impacted the company's profitability during the quarter. On a standalone basis, finance costs more than tripled year-on-year to ₹19.4 crore from ₹6.1 crore, and employee and other operating expenses remained elevated.
For FY26, the company reported a 20.68% rise in its standalone revenue to ₹1,949 crore, from ₹1,615 crore in FY25. However, the growth fell short of management's guidance of 35-40% for the year.
Net profit increased to ₹391.3 crore from ₹310.1 crore a year ago, while profit before tax rose to ₹523 crore from ₹416.3 crore.
Jyoti CNC said it continues to operate as a single business segment focused on the machine tools industry. The company also disclosed that a judicial investigation involving its step-down subsidiary, Huron Graffenstaden SAS in France, remains ongoing.
As an interim measure, French authorities have imposed restrictions on certain export licences, seized funds amounting to €3.02 million and attached two residential properties owned by Jyoti SAS. The company said it expects recovery in the subsidiary's business and has not recognised any impairment on its investment.
Shares of Jyoti CNC are trading 9% lower on Friday after the results announcement at ₹598.2. The stock is down nearly 40% so far this year, but still holding above its issue price of ₹331 apiece.
The company reported a 16.9% year-on-year fall in consolidated net profit to ₹90.6 crore for Q4FY26, compared to ₹109 crore in the corresponding quarter last year. Revenue rose 4.2% to ₹600 crore from ₹575.7 crore a year ago.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 16.6% to ₹148.2 crore from ₹177.7 crore in the year-ago quarter, while EBITDA margin contracted to 24.7% from 30.8%.
Higher operating costs and finance expenses impacted the company's profitability during the quarter. On a standalone basis, finance costs more than tripled year-on-year to ₹19.4 crore from ₹6.1 crore, and employee and other operating expenses remained elevated.
For FY26, the company reported a 20.68% rise in its standalone revenue to ₹1,949 crore, from ₹1,615 crore in FY25. However, the growth fell short of management's guidance of 35-40% for the year.
Net profit increased to ₹391.3 crore from ₹310.1 crore a year ago, while profit before tax rose to ₹523 crore from ₹416.3 crore.
Jyoti CNC said it continues to operate as a single business segment focused on the machine tools industry. The company also disclosed that a judicial investigation involving its step-down subsidiary, Huron Graffenstaden SAS in France, remains ongoing.
As an interim measure, French authorities have imposed restrictions on certain export licences, seized funds amounting to €3.02 million and attached two residential properties owned by Jyoti SAS. The company said it expects recovery in the subsidiary's business and has not recognised any impairment on its investment.
Shares of Jyoti CNC are trading 9% lower on Friday after the results announcement at ₹598.2. The stock is down nearly 40% so far this year, but still holding above its issue price of ₹331 apiece.
