Jyoti CNC Automation (JYOTICNC) Q3 25/26 earnings summary

Executive summary

• Strong revenue growth of 28.1% year-over-year in Q3 FY26, with nine-month revenue up 20.3% to INR 1,494 crores, driven by robust demand and improved execution across segments.

• Major capacity expansion underway in India (from 6,000 to 16,000 machines by September 2026), and Huron facility in France nearly doubled capacity in November 2025 to meet rising aerospace demand.

• Order book remains robust at INR 4,585 crores, with significant exposure to aerospace, defense, auto, and general engineering sectors, providing strong revenue visibility.

• Focus on R&D, proprietary controller development, and next-gen products for semiconductor equipment.

• Standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the board and auditors, with unmodified opinions issued for both.

Financial highlights

• Q3 FY26 consolidated revenue: INR 575.9 crores, up 28.1% YoY; nine-month revenue: INR 1,494 crores, up 20.3% YoY.

• Q3 FY26 EBITDA: INR 154.6 crores (37.3% YoY growth), margin at 26.8%; nine-month EBITDA: INR 379.4 crores (21.1% YoY growth), margin at 25.4%.

• Q3 FY26 PAT: INR 88.51 crores (10.3% YoY growth); nine-month PAT: INR 245.43 crores (18.5% YoY growth).

• Gross margin improved to 57.6% in Q3 FY26.

• Basic and diluted EPS (consolidated) for Q3 FY26: 3.89; nine months: 10.79.

Outlook and guidance

• Management expects Q4 FY27 to be among the best quarters, continuing historical trends.

• Guidance for 25%-30% revenue growth in FY27 and above 30% in FY28.

• Margin guidance maintained at 25%-27% EBITDA for the next two years.

• Positive cash flow trajectory expected as capacity ramps up and inventory days reduce.

• Management expects recovery and turnaround in the step-down subsidiary, with no impairment provision considered necessary for investments in subsidiaries.