Jyoti CNC Automation Ltd

Meeting Details

• Date & Time: 25 August 2026, 10:00 AM IST onwards.
• Type/Mode: Group meeting, physical at Rajkot plant.
• Organizer/Host: Sunidhi Securities.
• Venue: Company plant, Rajkot.

Participants

• Key company participants: IR/Investor Relations team.

Purpose

• Purpose: investor/analyst interaction based on publicly available information.

Capex approval under MeitY ECM Scheme

• Approval under MeitY Electronic Components Manufacturing Scheme for Rs 1,020.65 crore capex at Rajkot.
• Investment targets capacity expansion and backward integrated manufacturing for electronic devices used in CNC machines.
• Capex incentive up to 25% subject to scheme and MeitY approval letter.
• Approval letter issued August 17, 2026; board review pending.
• Investment to occur at existing Rajkot facility over five years.

Financial Performance

• Standalone Q1 FY27 revenue ₹509 crores, up 37% YoY.
• Consolidated Q1 FY27 revenue ₹508.5 crores; includes ₹35 crores Jyoti-to-Huron revenue netted off.
• Standalone EBITDA ₹145 crores (adjusted for forex losses); margin 28.4%.
• Standalone EBITDA (reported) ₹137 crores; margin 27.2%.
• Q1 FY27 PAT ₹88 crores; margin 17.2%.

Operational Update

• Capacity utilization 86% in Q1 FY27.
• Expansion will add 10,000 machines annually; commissioning by Sept end.
• Launched NX high-precision double-column machine for railways and infra.
• Huron operations: all running smoothly; no disruption to order intake.
• New facility commissioning by end of September; ramp-up underway.

Order Book and Segments

• Order book stands at ₹4,848 crores.
• Sector mix: Aerospace/Defense 38%, General Engineering 20%, Automotive 19%, EMS 13%, Die & Mould 4%.
• Q1 revenue mix: Aerospace/Defense 37%, Automotive 35%, General Engineering 17%, EMS 6%.
• Machine sales in Q1 FY27: 1,406 vs 1,117 in Q1 FY26.
• Entry-level machines: 1,349; Mid-range 33; High-end 24.

Capex and Capacity Expansion

• Capex for new capacity ~₹450 crores; 80% of machine shop completed.
• Foundry finishing October; assembly and paint shops nearing completion.
• New facility to commence by September; capacity 10,000 machines annually.
• Inventory buildup to support ramp-up; raw material readiness in place.

Huron Update

• Huron FY27 revenue guidance ₹300-325 crores.
• Huron EBITDA margin guidance 8-10% for FY27.
• Huron capacity 240 machines; full-capacity revenue potential EUR 75 million (~₹750 crores).
• Export licenses/end-user certificates causing delays; some shipments await clearance.
• 7-8 machines in current orders awaiting licenses; clearance 2-3 months.

Outlook and Guidance

• Guidance reaffirmed: 25-30% topline growth; ~25% EBITDA margin for FY27.
• Capex FY27 around ₹450 crores; FY27 second half expected robust.
• New facility commissioning by Sept end supports stronger H2.

Meeting Details

• Earning call held on August 07, 2026; recording accessible on the company website.

Purpose

• Earnings call for financial results and investor discussion.

Meeting Details

• Dates: 13th and 14th August 2026, 09:00 AM–5:00 PM.
• Group and one-on-one meetings; in-person at Hotel Sofitel, Mumbai.
• Organised by Equirus Annual India Conference'26.
• Venue: Hotel Sofitel, BKC, Mumbai.

Participants

• Company officials to participate in the investor conference.

Purpose

• Purpose: investor conference; discussions limited to public information.

Business Overview

• Core business: design and manufacture CNC machines; 200+ variants across 44 verticals.
• Installed base: 140,000+ machines across 60+ countries.
• Installed capacity: 6,000 CNC machines per annum in India.
• Global strategy led by Huron Graffenstaden SAS CEO Philippe Kapps.
• 7th Sense Industry 4.0 AI solutions developed in-house.
• Expansion via Huron brand in Europe, China, USA, Canada.
• R&D centers in Rajkot and Strasbourg.

Operational Highlights

• Q1 FY27 standalone revenue Rs 509.1 Cr; up 36.7% YoY.
• Consolidated revenue Rs 508.5 Cr; up 24.0% YoY.
• Order book: Rs 4,848 Cr as of 30 June 2026.
• NX 6240 EY launched for heavy cutting and high precision.
• Tachyon Beta 5‑Axis High‑Dynamics Center showcased.
• Capacity expansion: 6,000 p.a. completed; 10,000 p.a. target by Sep 2026.
• New sub-assembly and assembly lines added.
• 29 Indian sales centers; 11 international distributors.
• Global reach: 140,000+ machines installed in 60+ countries.

Financial Performance

• Standalone gross margin 52.8%; Adj EBITDA 144.7 Cr; margin 28.4%.
• Standalone PAT Rs 87.5 Cr; PAT margin 17.2%; EPS Rs 3.85.
• Consolidated gross margin 58.2%; EBITDA margin 23.4%.
• Consolidated PAT Rs 57.1 Cr; PAT margin 11.2%; EPS Rs 2.51.
• FY26 revenue Rs 2,093.1 Cr; EBITDA Rs 526.8 Cr; PAT Rs 336.0 Cr.
• Cash PAT FY26: Rs 386.2 Cr.
• Total assets Rs 3,615.3 Cr; total equity Rs 2,001.3 Cr.

Capital Structure & Liquidity

• Total borrowings Rs 849.7 Cr; cash Rs 52.9 Cr.
• Share capital Rs 45.5 Cr; Other equity Rs 1,955.9 Cr.
• Non-current liabilities Rs 435.6 Cr; current liabilities Rs 1,178.4 Cr.
• Total equity Rs 2,001.3 Cr; net debt approx Rs 797 Cr.

Strategic Priorities & Outlook

• Next Leap priorities: People Development, Product Development, Manufacturing Capacity Expansion.
• COE focus to upskill existing workforce.
• Product development: NX 6240 EY; Tachyon Beta; 5-axis centers.
• Capacity expansion: 6,000 p.a. completed; 10,000 p.a. targeted by Sep 2026.
• Manufacturing capacity expansion: new sub-assembly and assembly lines.
• Market expansion via Huron brand in Europe, China, USA, Canada.
• R&D: 140+ engineers; Leonardo Da Vinci R&D Center in Rajkot & Strasbourg.

Risks & Mitigation

• Forward-looking statements subject to risks; actual results may differ; no obligation to update.
• Mitigation: strong in-house R&D and diversified end-market exposure.

Governance & Leadership

• Promoter/MD: Parakramsinh Jadeja.
• Independent Directors: Pravinchandra Dholakia, Dr. Jignasa Mehta, Mrs. Prafulla Shenoy.
• CFO: Kamlesh S. Solanki.
• CEO – Huron Graffenstaden SAS: Philippe Kapps.
• Total workforce: 4,500+ employees.
• R&D centers: Rajkot (India) and Strasbourg (France).

Standalone financials

• Standalone revenue from operations ₹509.06 cr; total ₹512.90 cr for quarter ended 30-Jun-2026.
• Standalone PAT ₹87.47 cr; basic EPS ₹3.85.
• Standalone revenue from operations up ~36% YoY to ₹509.06 cr.
• Standalone total revenue up ~33% YoY to ₹512.90 cr.
• Board approved standalone and consolidated results on Aug 7, 2026.
• Independent auditor's review on standalone results: unqualified.
• Note 4: no impairment on investments in subsidiary.
• Note 5: judicial investigation in Huron Graffenstaden SAS; director restrictions.
• Interim seizure of funds totaling €3.02 million and two Jyoti properties.
• Single-segment machine-tool business; Ind AS 108 not reported separately.

Consolidated financials

• Consolidated revenue ₹512.45 cr; PAT after tax ₹56.45 cr for quarter ended 30-Jun-2026.
• Consolidated basic EPS ₹2.51; diluted ₹2.51.
• Consolidated YoY: revenue up ~19%; PAT down ~21%.
• Results approved Aug 7, 2026; unmodified opinion on consolidated results.
• Group includes Jyoti SAS France and Huron subsidiaries.
• Total comprehensive income after tax ₹56.45 cr for the quarter.

Notes & risks

• Group operates a single machine tool segment; Ind AS 108 not reported separately.
• Ongoing judicial investigation in Huron Graffenstaden SAS; restrictions and EU-related actions.
• Auditors’ limited review indicates no material misstatement; opinions are unmodified.

Business profile

• Company operates in machine tool industry; single-segment focus globally.
• Board oversight and unaudited quarterly results issued August 2026.

Demat/remat status

• No requests for dematerialisation or rematerialisation were received in the quarter ended 30 June 2026.

Listing status

• Only equity shares exist and are listed on BSE and NSE.

Certificate handling

• Physical certificates for dematerialisation were mutilated and cancelled after verification.
• Depository name updated as registered owner within prescribed timelines.

Jyoti CNC Automation Ltd Trading Window Closure from July 01, 2026; will reopen 48 hours after the declaration of the aforesaid financial results, upon their approval by the Board of Directors, for the quarter ended June 30, 2026