Jyoti CNC Automation (JYOTICNC) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 revenue rose 43% year-over-year to ₹4,307 million, with EBITDA margin improving to 25%.

• Net profit for Q2 FY25 surged 353% year-over-year to ₹759 million, reflecting robust operational performance.

• Order intake for Q2 FY25 reached ₹12,826 million, supporting a record order book of ₹42,893 million as of September 30, 2024.

• Major capacity expansion announced to increase installed manufacturing capacity from 4,400 to 16,000 machines per annum, with ₹4,000 million investment over two years.

• Three new products launched and recognized with multiple industry awards, including Iconic Brand of India.

Financial highlights

• Q2 FY25 EBITDA was ₹994 million (up 83% YoY); PAT was ₹759 million (up 353% YoY).

• H1 FY25 consolidated revenue was ₹7,925 million (up 55% YoY); EBITDA was ₹1,268 million (up 71% YoY); PAT was ₹1,268 million (up 3,683% YoY).

• EBITDA margin improved to 25% in both Q2 and H1 FY25, compared to 18% and 14.6% in the prior year periods.

• Standalone capacity utilization stood at 83.40% as of September 30, 2024.

• Finance costs declined 64% YoY in Q2 FY25, supporting profitability.

Outlook and guidance

• Large and diversified order book of ₹42,893 million provides strong visibility for future growth.

• Capacity expansion underway to increase annual production by 10,000 machines over the next two years.

• Focused on market expansion in the USA and South Asia, and leveraging growth in aerospace, EMS, EV, and semiconductor sectors.

• Ongoing infrastructure development and streamlining expected to improve utilization and efficiency.

• Management maintains order inflow guidance of ₹25,000–30,000 million for FY25.