Jyoti CNC Automation Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JYOTICNC · price
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Jyoti CNC reported strong FY26 standalone revenue of Rs 1,949 Cr, up 20.7% from Rs 1,615 Cr in FY25. Standalone PAT grew 26.2% to Rs 391 Cr from Rs 310 Cr, driven by higher other income (Rs 54 Cr vs Rs 16 Cr) and improved operating efficiency. Consolidated results include loss-making foreign subsidiaries (Jyoti SAS group) with Rs 264 Cr revenue but Rs 57 Cr net loss. Finance costs nearly tripled to Rs 53 Cr (standalone) due to increased borrowings. Non-current borrowings surged to Rs 322 Cr from Rs 0.2 Cr. The auditors issued unmodified opinions but included two emphasis of matter notes: (1) non-provision of impairment for loss-making subsidiary despite net worth erosion, and (2) ongoing judicial investigation in step-down subsidiary Huron Graffenstaden SAS regarding alleged EU export law violations with Euro 3.02 million seized funds and property restrictions.
Strong financial growth with 20%+ revenue and 26%+ PAT expansion, but significant leverage increase and legal risks from European subsidiary investigation may concern investors. The subsidiary impairment non-provision could become an earnings risk if business recovery does not materialize.