Jyoti CNC Automation (JYOTICNC) Q1 26/27 earnings summary

Executive summary

• Q1 FY 2027 began with robust demand across general engineering, automotive, EMS, defense, and precision engineering, supported by increased capital expenditure, localization, and innovation initiatives.

• Standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, were approved and reviewed with unmodified auditor opinions.

• Maintained a diversified order book of INR 4,848 crore as of June 30, 2026, reflecting healthy demand across key industries.

• Continued focus on product launches, including the NX high-precision double column machine, and capacity expansion to support future growth.

• Global operations at Huron ran smoothly, with no disruptions to order intake or project schedules, despite ongoing geopolitical uncertainties.

Financial highlights

• Standalone Q1 FY 2027 revenue grew 37% YoY to INR 509.1 crore; consolidated revenue was INR 508.5 crore, up 24% YoY.

• Standalone adjusted EBITDA (ex-Forex losses) was INR 145 crore (28.4% margin), up from INR 99 crore (26.5% margin) YoY; consolidated adjusted EBITDA was INR 119 crore (23.4% margin).

• Standalone PAT rose 21% YoY to INR 88 crore (17.2% margin); consolidated PAT was INR 57 crore (11.2% margin), down 20% YoY due to higher costs and forex losses.

• Revenue recognition at Huron shifted from percentage completion to dispatch-based, resulting in INR 35 crore lower revenue in Q1 FY 2027; on a like-to-like basis, consolidated revenue would have been over INR 30 crore higher.

• Basic and diluted EPS for the quarter were ₹2.51 on a consolidated basis and ₹3.85 on a standalone basis.

Outlook and guidance

• Management reaffirmed guidance of 25%-30% revenue growth and maintaining EBITDA margins around 25% for FY 2027.

• Ongoing capacity expansion to add 10,000 machines per annum by September 2026, on top of the completed 6,000 machines p.a. capacity.

• Huron is expected to deliver INR 300-325 crore revenue for FY 2027 with 8%-10% EBITDA margin.

• H2 FY 2027 expected to be particularly strong, supported by a healthy demand pipeline and new capacity coming online.

• Management expects recovery in the business of the operating step-down subsidiary and considers the strategic investment sound, with no impairment warranted.