Jyoti CNC Automation (JYOTICNC) Q4 21/22 earnings summary

Executive summary

• Standalone FY22 revenue from operations was ₹678.23 crore versus ₹436.33 crore; PAT returned to ₹19.25 crore from a ₹19.88 crore loss.

• Consolidated revenue was ₹77,016 lakh versus ₹53,215 lakh, while consolidated net loss narrowed to ₹3,669 lakh from ₹7,719 lakh.

• Demand recovery supported the year’s performance despite the COVID third wave and persistent supply-chain issues.

Financial highlights

• Standalone EBDIT reached ₹117.48 crore versus ₹70.99 crore; finance costs were ₹65.16 crore versus ₹66.04 crore.

• Standalone PBT was ₹25.80 crore versus a ₹21.43 crore loss; EPS was ₹6.53 versus negative ₹6.74.

• Consolidated FY22 loss before tax was ₹3,014 lakh versus ₹7,873 lakh; EPS was negative ₹12.45 versus negative ₹26.18.

• Standalone cash from operations was ₹2,635 lakh versus ₹4,335 lakh; financing activities used ₹1,846 lakh.

Outlook and guidance

• R&D priorities include dynamically upgrading existing products, expanding backward integration and developing products to substitute for imports.

• R&D completed AX300-1225 and VST160 CNC turning centers and the VMC1370 vertical machining center.