Jyoti CNC Automation Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Jyoti CNC Automation Ltd filed with BSE on 14 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Jyoti CNC reported standalone Q1 FY27 revenue growth of 37% to Rs 509 crore with EBITDA margin of 28.4% on an adjusted basis, while consolidated revenue grew 24% to Rs 508.5 crore due to an accounting method change at Huron that deferred recognition of roughly Rs 35 crore of revenue. Management said the order book stood at Rs 4,848 crore and capacity utilization was 86% in the quarter. The company also discussed delays in export end-user certificates affecting Huron's revenue recognition and progress on its new manufacturing facility expected to commission by end of September.
Numbers mentioned
Standalone Revenue: INR509 crores (Q1 FY27)
p. 5
“Q1 FY27 revenues witnessed a robust growth of 37% to INR509 crores compared to same period last year.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Standalone EBITDA (adjusted): INR145 crores (Q1 FY27)
p. 5
“Profitability front as well at Q1 FY27 EBITDA adjusted for forex losses stood at INR145 crores compared to INR99 crores in Q1 FY26 with margin of 28.4%, an increase of 190 basis points.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Standalone Reported EBITDA: INR137 crores (Q1 FY27)
p. 5
“Reported EBITDA stood at INR137 crores with margin of 27.2%.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Standalone PAT: INR88 crores (Q1 FY27)
p. 5
“Q1 PAT stood at INR88 crores, growing by 21% over same period previous year with margin standing at 17.2%.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Consolidated Revenue: INR508.5 crores (Q1 FY27)
p. 5
“Revenue for Q1 FY27 stood at INR508.5 crores compared to INR410.2 crores in Q1 FY26, a growth of 24%.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Consolidated Adjusted EBITDA: INR119 crores (Q1 FY27)
p. 5
“Q1 FY27 adjusted EBITDA stood at INR119 crores compared to INR100 crores.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Consolidated Adjusted EBITDA margin: 23.4% (Q1 FY27)
p. 5
“Adjusted EBITDA margin stood at 23.4%.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Consolidated Reported EBITDA: INR109 crores (Q1 FY27)
p. 5
“Reported EBITDA stood at INR109 crores with margin of 21.4%.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Consolidated PAT: INR57 crores (Q1 FY27)
p. 5
“Q1 PAT stood INR57 crores in a margin standing at 11.2%.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Order book: INR4,848 crores (as of call date)
p. 6
“As of today, our order book stands at INR4,848 crores, providing a good revenue visibility for the coming quarters.”
Parakramsinh Jadeja, page 6 of the filed PDF · View the filing
Capacity utilization: 86% (Q1 FY27)
p. 6
“Our plant operation at 86% capacity utilization in Q1 FY27, underscoring the need for the capacity expansion that we had announced earlier”
Parakramsinh Jadeja, page 6 of the filed PDF · View the filing
Machines sold: 1,406 machines (Q1 FY27)
p. 6
“On machine sales front, we sold 1,406 machines during Q1 FY27 compared to 1,117 machines in Q1 FY26.”
Parakramsinh Jadeja, page 6 of the filed PDF · View the filing
Huron revenue missed due to accounting change: INR35 crores (Q1 FY27)
p. 8
“We have made the revenue close to INR35 crores in quarter. Compared to the last year quarter, it was close to INR70 crores.”
Parakramsinh Jadeja, page 8 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
New facility commissioning — commission by end of September · FY27
stated firmly by Parakramsinh Jadeja
p. 6
“We remain on track to commission the new facility by the end of September, following which we will be positioned to cater to strong domestic and international demand”
Parakramsinh Jadeja, page 6 of the filed PDF · View the filing
Capex for new capacity — INR450 crores · total project
stated firmly by Parakramsinh Jadeja
p. 7
“So we targeted at close to INR450 crores of capex for our new capacity over there. And until today, we are on to the same target line.”
Parakramsinh Jadeja, page 7 of the filed PDF · View the filing
Full year revenue growth — 25% to 30% · FY27
stated firmly by Parakramsinh Jadeja
p. 11
“we are absolutely going to deliver 25% to 30% as the guideline has been given and margin also to be maintained there. We are fully confident on that.”
Parakramsinh Jadeja, page 11 of the filed PDF · View the filing
EBITDA margin — 25% · FY27
stated firmly by Parakramsinh Jadeja
p. 13
“We will be at EBITDA level at 25%. We may sometimes go plus, our business model has been ensured like that.”
Parakramsinh Jadeja, page 13 of the filed PDF · View the filing
Huron revenue — INR300 crores to INR325 crores · FY27
stated conditionally by Parakramsinh Jadeja
p. 15
“So basically, that's the correct question now. So Huron, we are expecting to have close to INR300 crores to INR325 crores of revenue this full year.”
Parakramsinh Jadeja, page 15 of the filed PDF · View the filing
Huron EBITDA margin — 8% to 10% · FY27
stated conditionally by Parakramsinh Jadeja
p. 16
“So basically, at EBITDA level, we will reach at Huron level at close to 8% to 10%.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
FY27 capex — INR200 crores to INR225 crores · FY27
stated firmly by Parakramsinh Jadeja
p. 12
“So in terms of this year, we are going to do close to INR200 crores to INR225 crores, balance of this INR150 crores plus some maintenance capex and all kind of things.”
Parakramsinh Jadeja, page 12 of the filed PDF · View the filing
Machines produced — more than 8,000 machines · FY27
stated firmly by Parakramsinh Jadeja
p. 13
“So, you can say that we are going to cross more than 8,000 machines this year.”
Parakramsinh Jadeja, page 13 of the filed PDF · View the filing
Debt levels — similar to current level · FY27
stated firmly by Parakramsinh Jadeja
p. 22
“So from March and today's level is almost same.”
Parakramsinh Jadeja, page 22 of the filed PDF · View the filing
Operating cash flow conversion — close to 50% of EBITDA · FY27
stated firmly by Parakramsinh Jadeja
p. 23
“Yes. Basically, this year, we are expecting close to 50% of EBITDA level there.”
Parakramsinh Jadeja, page 23 of the filed PDF · View the filing
CNC controller commercialization — next 2 years
stated as an aspiration by Parakramsinh Jadeja
p. 16
“Today, our HMI is ready. And I think commercialization will happen in the next 2 years' time.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management confirmed capex target of ~INR450 crore, noted machine shop, sheet metal and paint shop are largely ready, with the foundry running about a month late.
Answered by Parakramsinh Jadeja
Asked by Harshit Patel: What is the overall capex outgo for FY27 including maintenance capex, and will backward integration facilities also come online in September?
p. 7
“So we targeted at close to INR450 crores of capex for our new capacity over there. And until today, we are on to the same target line.”
Parakramsinh Jadeja, page 7 of the filed PDF · View the filing
Management attributed the consolidated margin dip to unbilled Huron revenue of about INR35 crore due to the accounting method change, not to new capacity costs.
Answered by Parakramsinh Jadeja
Asked by Ravindranath Nayak: Why did margins decline despite gross margin improvement, and is this due to new capacity costs?
p. 8
“We missed this INR35 crores additional revenue due to this our new accounting structures and all. We have produced, but we are not able to bill them. But the cost and everything has been loaded there”
Parakramsinh Jadeja, page 8 of the filed PDF · View the filing
Management said the new facility has already been partly put to use, so costs must be expensed rather than capitalized.
Answered by Parakramsinh Jadeja
Asked by Ravindranath Nayak: Why is interest cost not being capitalized for the new capacity under construction?
p. 8
“So we cannot push into any capitalization over there.”
Parakramsinh Jadeja, page 8 of the filed PDF · View the filing
Management reaffirmed the guidance, citing current performance as being on track.
Answered by Parakramsinh Jadeja
Asked by Bajrang Bafna: Does the company still stand by its earlier guidance of 25-30% revenue growth and ~25% EBITDA margin?
p. 11
“We are fully committed. We are on the way. And we have demonstrated, if you look at that, even this situation also, we are close to 23.4% at margin and growth also is close to 24% at consolidation level also.”
Parakramsinh Jadeja, page 11 of the filed PDF · View the filing
Management said the delay is systemic across export licenses, not a single machine issue, and expects resolution soon.
Answered by Parakramsinh Jadeja
Asked by Saif Sohrab Gujar: Is the pending export license approval for a specific machine now resolved?
p. 9
“No, particularly, it's not in one machine, but specifically, all the export license is right now, they are taking a longer time there”
Parakramsinh Jadeja, page 9 of the filed PDF · View the filing
Management said the accounting change is unrelated to the investigation and depends instead on receiving end-user certificates.
Answered by Parakramsinh Jadeja
Asked by Saurabh Vyas: Will Huron revert to percentage-of-completion accounting once the investigation concludes?
p. 13
“Basically, the principle of account is no more connectivity with today, our investigation and all.”
Parakramsinh Jadeja, page 13 of the filed PDF · View the filing
Management said no impairment is expected.
Answered by Parakramsinh Jadeja
Asked by Saurabh Vyas: Is there risk of an impairment loss at Huron if the investigation drags into FY27 Q4?
p. 23
“Yes. Not at all.”
Parakramsinh Jadeja, page 23 of the filed PDF · View the filing
Management said it involves 7-8 machines across multiple orders and expects recognition to occur together once licenses clear.
Answered by Parakramsinh Jadeja
Asked by Depesh Kashyap: How many machines and orders make up the roughly INR100 crore of unrecognized Huron revenue, and will recognition come at once?
p. 22
“It's a multiple order and around 7 to 8 machines.”
Parakramsinh Jadeja, page 22 of the filed PDF · View the filing
Management estimated full capacity utilization could generate about EUR75 million, equivalent to roughly INR750 crore.
Answered by Parakramsinh Jadeja
Asked by Jay Shah: At full capacity, what revenue can Huron generate given its machine value profile?
p. 20
“So, for a larger machine in our capacity, we are able to execute in terms of value-wise, close to EUR75 million there. It's close to INR750 crores there.”
Parakramsinh Jadeja, page 20 of the filed PDF · View the filing
Risks flagged
Delays in export end-user certificates affecting Huron's ability to recognize revenue
p. 14
“So the auditor has taken a very conservative step. And based on the accounting standard and French GAAP over there, any percentage of completion method, if any of your dispatches, if there is uncertainties are there, you are not able to book those revenues basically.”
Parakramsinh Jadeja, page 14 of the filed PDF · View the filing
Geopolitical situation lengthening the time to obtain export clearances
p. 14
“Geopolitical situation. It's a defense ministry there. They check every individual user.”
Parakramsinh Jadeja, page 14 of the filed PDF · View the filing
Foundry construction running behind schedule
p. 7
“Only the foundry part, that is running little late. We are expecting to this foundry to be finished in October there.”
Parakramsinh Jadeja, page 7 of the filed PDF · View the filing
Global geopolitical tensions and trade disruptions affecting supply chains and commodity prices
p. 3
“While the outlook has improved, the global environment continued to remain sensitive and any fresh geopolitical or trade-related disruptions can once again impact global supply chains, commodity prices and cross-border trade.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Ongoing investigation at Huron with uncertain resolution timeline
p. 15
“We are not seeing very near future to be, let's say, they are not, geopolitical situation is such that we don't see that it has been finished in 1 month or 2 months like that, okay?”
Parakramsinh Jadeja, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.