Jyoti CNC Automation LimitedCapital Goods & EngineeringJYOTICNC
Q1 FY27 concall · earnings callJyoti CNC Automation Limited
The company reported strong standalone performance with robust revenue growth and improved margins, but consolidated results were impacted by an accounting change at its Huron subsidiary, which delayed revenue recognition.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Standalone Revenue | ₹509 Cr | 37% | |
| Standalone Adj. EBITDA Margin | 28.4% | 190 bps | |
| Standalone PAT | ₹88 Cr | 21% | |
| Consolidated Revenue | ₹508.5 Cr | 24% | |
| Consolidated Adj. EBITDA | ₹119 Cr | — | |
| Consolidated Adj. EBITDA Margin | 23.4% | — | |
| Machines Sold (Q1 FY27) | 1,406 | — | |
| Order Book | ₹4,848 Cr | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹449.51 Cr+18.9% YoY+4.4% QoQ | ₹80.24 Cr+67% YoY+5.7% QoQ | ₹3.53+44.1% YoY+6% QoQ |
| Q2 FY25 | ₹430.67 Cr— YoY+19% QoQ | ₹75.88 Cr— YoY+49% QoQ | ₹3.33— YoY+48.7% QoQ |
| Q1 FY25 | ₹361.84 Cr— YoY-19.6% QoQ | ₹50.92 Cr— YoY-48.9% QoQ | ₹2.24— YoY-49.7% QoQ |
| Q4 FY24 | ₹450.13 Cr— YoY+19.1% QoQ | ₹99.64 Cr— YoY+107.4% QoQ | ₹4.45— YoY+81.6% QoQ |
| Q3 FY24 | ₹377.92 Cr— YoY— QoQ | ₹48.04 Cr— YoY— QoQ | ₹2.45— YoY— QoQ |
TL;DR
- Standalone revenue grew 37% YoY to INR509 crores with an adjusted EBITDA margin of 28.4%.
- Consolidated revenue grew 24% to INR508.5 crores, with adjusted EBITDA margin at 23.4%.
- Order book stands at INR4,848 crores, providing strong revenue visibility.
- New manufacturing facility for 10,000 machines annually is on track for commissioning by end of September 2026.
- Huron subsidiary's revenue recognition was delayed due to a conservative accounting policy shift, missing approximately INR35 crores in Q1 revenue.
- Management remains confident in its full-year guidance of 25-30% revenue growth and ~25% EBITDA margin.
Said on the call
“Overall, the demand environment today is so strong that we are running at close to our full utilization.”
From the Q&A
| Topic | What management said |
|---|---|
| Huron Accounting Change Impact | Management confirmed that due to a shift to a more conservative accounting policy, Huron missed INR35 crores in revenue and INR22 crores in EBITDA in Q1, which would have made consolidated results look stronger on a like-to-like basis. |
| New Capacity & Capex | The new facility adding 10,000 machines/year is on track for September 2026 commissioning. Total project capex is INR450 crores, with FY27 capex estimated at INR200-250 crores. |
| Huron Revenue & Margin Outlook | Management expects Huron to generate INR300-325 crores revenue in FY27 with an EBITDA margin of 8-10%. |
| Working Capital & Cash Flow | Elevated inventory is due to raw material build-up for the capacity ramp-up; working capital is expected to improve, and the company aims for operating cash flow conversion of about 50% of EBITDA. |
| Export License Delays | Revenue recognition at Huron is delayed due to longer timelines for obtaining end-user certificates from European authorities for 5-axis machines, a result of heightened geopolitical scrutiny. |
| Full-Year Guidance Reiteration | Management reaffirmed guidance for 25-30% revenue growth and maintenance of ~25% EBITDA margin for the full year. |
Guidance
- Expect stronger second half of FY27, supported by healthy demand pipeline.
- New manufacturing facility to commence operations by end of September 2026.
- Full-year revenue growth guidance of 25% to 30%.
- Full-year EBITDA margin guidance of around 25%.
- Huron expected to generate INR300-325 crores revenue in FY27 with 8-10% EBITDA margin.
- Expect to build more than 8,000 machines in FY27.
- Expect order intake for the full year between INR2,500 crores to INR3,000 crores.
- Operating cash flow conversion expected at about 50% of EBITDA.
Source
Summary written from the transcript filed by Jyoti CNC Automation Limited for the call held on 7 Aug 2026; published 18 Aug 2026, 20:28 IST.
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