Shares of Jyoti CNC Automation Ltd. fell from the highs of the day and recovered nearly 11% from their intraday low on Tuesday, November 3, after the company reported its second quarter results.
The company reported a mixed quarter, with its profit after tax and Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) margin declining, and revenue and EBITDA rising from last year.
Profit after tax (PAT) fell 15.1% to ₹72.6 crore in the September quarter compared to ₹85.5 crore in the previous year. Revenue for the second quarter was up 18.5% to ₹602 crore in comparison to ₹508 crore last year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 5.1% to ₹131.4 crore from ₹125 crore in the second quarter last fiscal. EBITDA margin contracted to 21.8% from 24.5% in the year-ago period.
Jyoti CNC, in its investor presentation, said it dispatched 1,900 machines in the September quarter, its highest-ever in a three-month period. It said it was optimistic of delivering sustained momentum going forward.
Its order inflow was more than ₹800 crore during the quarter, taking the total outstanding orderbook to ₹5,082 crore as on September 30, 2026, the company said.
The investor presentation further added that it has strong cash conversion as it looks at a consolidated operating cash flow (OCF) to EBITDA of 50% momentum to continue, going ahead.
Jyoti CNC received approval for ₹1,020.65 crore investment over five years at its Rajkot facility, eligible for up to 25% capital subsidy under the electronics component manufacturing scheme (ECMS). It has also applied for an additional matching subsidy under the Gujarat government scheme.
Going forward, the company is looking at market expansion in the aerospace and defence segment and diversifying its presence across sectors, the investor presentation stated.
It is also looking at product development, with new product variants from in-house research and development, including the patented HUMA panel, as per its presentation.
The company said it has added 6,000 machines per annum and has a further 10,000 machines per annum planned.
The stock fell over 3% after reporting its results, following which it surged 10.6% from its intraday low to ₹992.8 apiece. The stock was up 4.3% at ₹981.6 apiece at 1.43 pm.
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Jyoti CNC Q2 Results: Stock recovers nearly 11% from intraday low after strong management commentary