Jyoti CNC Automation (JYOTICNC) Q4 20/21 earnings summary

Executive summary

• FY21 standalone total revenue fell to ₹453.05 crore from ₹576.29 crore; PAT was a loss of ₹19.88 crore versus profit of ₹9.10 crore in FY20.

• COVID-19 disruptions and lockdowns weighed on operations; recovery in the economy from H2 helped sustain business activity.

Financial highlights

• Standalone revenue from operations was ₹436.33 crore versus ₹560.82 crore; EBDIT was ₹70.99 crore versus ₹89.78 crore.

• Standalone PBT was a loss of ₹21.43 crore versus profit of ₹1.89 crore; finance costs rose to ₹66.04 crore from ₹61.97 crore.

• Consolidated revenue from operations was ₹5,321,484,694 versus ₹6,867,740,104; consolidated loss for the year widened to ₹771,951,371 from ₹503,090,690.

• Standalone operating cash flow was ₹43.35 crore versus cash outflow of ₹7.75 crore in FY20.

Outlook and guidance

• Product upgrades, customized solutions and backward integration are priorities to respond to changing customer needs, support Make in India and reduce costs.

• The business sustained operations as the economy recovered in H2; no numeric financial guidance was stated.