Jyoti CNC Automation (JYOTICNC) Q4 24/25 earnings summary

Executive summary

• Achieved strong growth in FY25 with consolidated revenue up 36% year-over-year to INR 1,818 crore and PAT up 109% to INR 316 crore.

• Q4 FY25 revenue grew 28% year-over-year to INR 576 crore, with EBITDA margin rising to 29.7%.

• Robust order book of INR 4,346 crore as of March 31, 2025, with significant contributions from aerospace, defense, and auto sectors.

• Company is expanding capacity by 10,000 machines with a planned CapEx of INR 400–450 crore, targeting completion by June 2026.

• Strategic focus on innovation, vertical integration, and entry into EMS and semiconductor sectors.

Financial highlights

• Q4 FY25 consolidated revenue: INR 576 crore (up 28% YoY); EBITDA: INR 178 crore (up 33% YoY); PAT: INR 109 crore (up 9% YoY).

• FY25 consolidated revenue: INR 1,818 crore (up 36% YoY); EBITDA: INR 491 crore (up 63% YoY); PAT: INR 316 crore (up 109% YoY).

• EBITDA margin improved to 27% in FY25 from 22.5% in FY24.

• Finance costs declined 53% in FY25, supporting margin expansion.

• Net debt reduced significantly, with net debt:equity ratio dropping to 0.22 in FY25 from 6.44 in FY23.

Outlook and guidance

• EBITDA margin guidance for FY26 is around 25%, with management confident in sustaining current realization and margins.

• Order inflow expected to maintain momentum, especially in aerospace, defense, and EMS.

• Capacity utilization at 90% in Q4 FY25, with room to grow to 100% before new capacity comes online.

• Positive operating cash flow targeted by end of FY26.

• Management expects recovery in the business of the operating step-down subsidiary and considers the investment strategic, with no impairment warranted.