Synopsis:
Jyoti CNC Automation shares gained nearly 5% after the company reported strong Q2 FY26 numbers with revenue growing 24% QoQ and double digit YoY growth across metrics.
The shares of this leading manufacturer of metal-cutting computer numerical control (CNC) machines has years of expertise in designing & manufacturing tools for companies in many sectors is now in the spotlight after reporting Q2 results with 24% revenue growth QoQ.
With market capitalization of Rs. 20,772 cr, the shares of Jyoti CNC Automation Ltd are currently trading at Rs. 912 per share, increasing nearly 5% in today’s market session making a high of Rs. 927.95, from its previous close of Rs. 886.15 per share.
The stock has been weak in price performance recently. Over the past one year it is down 19%, in the last one month it has slipped 6%, and on a year-to-date basis it is lower by 32%.
QoQ performance
Sales increased 24% from Rs. 410 Cr in Q1FY26 to Rs. 508 Cr in Q2FY26. EBITDA went 25% up from Rs. 100 Cr to Rs. 125 Cr. Net profit rose by 20% from Rs. 71.4 Cr to Rs. 85.5 Cr and EPS moved from Rs. 3.14 to Rs. 3.76.
YoY performance
The company posted positive numbers. Sales are up 18% from Rs. 431 cr in Q2FY25 to Rs. 508 in Q2FY26, EBITDA up 17% to Rs. 125 cr from Rs. 107 cr, net profit up 13% to Rs. 85.5 cr from Rs. 75.9 cr and EPS also up 13% to Rs. 3.76 from Rs. 3.34 over the same period.
About the company
Jyoti CNC Automation Ltd is one of India’s leading CNC machine tool manufacturers, known especially for its strength in simultaneous 5-axis CNC machining solutions. The company has a diversified product portfolio catering to aerospace, defence, auto, EV, die-mould, general engineering and precision manufacturing industries.
In Q2 FY26, the revenue mix was led by Aerospace & Defence at 36%, followed by Auto & Auto Components at 26%. General Engineering contributed 21%, EMS accounted for 5%, Die & Moulds for 2% and the remaining 10% came from other segments.
The company has a strong distribution footprint with 29 sales and service centres across 12 Indian states. It operates through 2 domestic distributors/dealers and 11 international distributors/dealers, selling products both directly to customers as well as through its dealer network.
Some clients of the company are HAL, DOMS, TATA Advanced systems, Mahindra, Volvo. It offers a wide portfolio of 200+ product variants and has over 1.35 lakh machines installed globally. It has an installed capacity of manufacturing 6,000 machines per year in India and 121 machines annually in France, supported by a strong orderbook of Rs. 4,546 crore.
ROCE stands at 24.4% and ROE at 21.2% which reflects strong capital efficiency. The company has also delivered a robust profit growth CAGR of 42.8% over the last five years. It trades at a P/E of 59.8, significantly higher than the industry average P/E of 34.7.
Written by Manideep Appana
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