Jyoti CNC Automation (JYOTICNC) Q4 22/23 earnings summary

Executive summary

• FY23 standalone revenue from operations was ₹828.24 crore and PAT ₹39.32 crore; consolidated revenue was ₹929.27 crore, while consolidated net loss was ₹5.46 crore.

• Post-pandemic operations recovered alongside favorable sentiment and a sustained, growing order book; management expected business to sustain and grow subject to economic conditions and planned deeper export-market penetration.

Financial highlights

• Standalone revenue from operations rose from ₹678.23 crore in FY22 to ₹828.24 crore in FY23; total revenue was ₹860.41 crore versus ₹686.50 crore.

• Standalone EBDIT was ₹148.97 crore versus ₹117.48 crore; PBT ₹52.11 crore versus ₹25.80 crore; PAT ₹39.32 crore versus ₹19.25 crore.

• Standalone EPS was ₹13.33 versus ₹6.53; consolidated EPS was negative ₹1.85 versus negative ₹12.45.

• Consolidated revenue was ₹929.27 crore versus ₹770.16 crore; adjusted for a ₹30.45 crore subsidiary debt-waiver gain, consolidated PBT before exceptional items was a ₹23.12 crore loss.

• Consolidated net loss narrowed to ₹5.46 crore from ₹36.69 crore; total comprehensive loss was ₹4.64 crore versus ₹44.54 crore.

Outlook and guidance

• Management expected business to sustain and grow, conditional on favorable economic conditions and external factors, and planned further penetration into export markets.

• Product plans include ongoing upgrades, backward integration to support Make in India and reduce costs, and development of products to substitute imports.