Jyoti CNC Automation (JYOTICNC) Q2 25/26 earnings summary

Executive summary

• Q2 FY2026 consolidated revenue grew 17.9% year-over-year to INR 508 crores, with H1 FY2026 revenue at INR 918 crores, up 15.8% from H1 FY2025, and strong order book execution across all key verticals.

• EBITDA for Q2 FY2026 was INR 125 crores (up 16.9% YoY) with a 24.5% margin; PAT was INR 86 crores (up 12.7% YoY) with a 16.8% margin.

• Capacity utilization reached 88% in Q2 FY2026, with plans to expand annual production capacity from 6,000 to 16,000 machines by September 2026.

• Strong order intake in Q2 FY2026 at INR 619 crores, with a diversified order book of INR 4,546 crores, providing visibility for the next 24-30 months.

• Expansion in high-growth sectors such as aerospace, defense, EMS, and automotive, with significant orders from both domestic and international markets.

Financial highlights

• Q2 FY2026 revenue from operations: INR 508 crores (up 17.9% YoY); H1 FY2026: INR 918 crores (up 15.8% YoY).

• Q2 FY2026 EBITDA: INR 125 crores (up 16.9% YoY); H1 FY2026: INR 225 crores (up 12.0% YoY).

• Q2 FY2026 PAT: INR 86 crores (up 12.7% YoY); H1 FY2026: INR 157 crores (up 23.7% YoY).

• Gross profit margin for Q2 FY2026: 56.0% (up 540 bps YoY); EBITDA margin: 24.5%; PAT margin: 16.8%.

• EPS for Q2 FY2026: 3.8; H1 FY2026: 6.9.

Outlook and guidance

• Management targets 30%-35% annual growth over the next several years, supported by capacity expansion and strong order book.

• Capacity expansion to add 10,000 machines per annum by September 2026, with full-year utilization expected to exceed 90%.

• Ramp-up of new capacity to be gradual, with significant contributions expected from the last quarter of the year and full utilization in the following year.

• New manufacturing base in Karnataka to focus on high-precision CNC machines for aerospace, defense, and heavy industry.

• Strong order book ensures revenue visibility for the next 2-2.5 years.