Jyoti CNC Automation Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Jyoti CNC Automation Ltd filed with BSE on 04 Jun 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 Q4 FY26 revenue growth of 13% to INR599 crores and FY26 standalone revenue growth of 20% to INR1,949 crores, while consolidated results were impacted by a reversal of INR67 crores in previously recognised revenue at Huron pending export licence clearance from an ongoing French investigation. Management said the reversal was a deferment rather than a cancellation of orders, and that the outstanding order book stood at INR4,732 crores as of March 31, 2026. The company also detailed its capacity expansion to 16,000 machines, expected to commence commercial operations in the second quarter of FY27.
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Numbers mentioned
Standalone Q4 revenue: INR599 crores (Q4 FY26)
p. 3
“Standalone quarter 4 revenue witnessed growth of 13% to INR599 crores, while FY26 standalone revenue grew by 20% to INR1,949 crores.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Standalone FY26 revenue: INR1,949 crores (FY26)
p. 3
“Standalone quarter 4 revenue witnessed growth of 13% to INR599 crores, while FY26 standalone revenue grew by 20% to INR1,949 crores.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Standalone Q4 EBITDA: INR191 crores, margin of 31.9% (Q4 FY26)
p. 3
“Quarter 4 EBITDA stood at INR191 crores with margin of 31.9%, while FY26 EBITDA stood at INR564 crores with margin of 28.9%.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Standalone FY26 EBITDA: INR564 crores, margin of 28.9% (FY26)
p. 3
“Quarter 4 EBITDA stood at INR191 crores with margin of 31.9%, while FY26 EBITDA stood at INR564 crores with margin of 28.9%.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Standalone Q4 PAT: INR135 crores, margin of 22.6% (Q4 FY26)
p. 3
“Quarter 4 PAT stood at INR135 crores with margin of 22.6%, while FY26 PAT stood at INR391 crores with a margin of 20.1%.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Standalone FY26 PAT: INR391 crores, margin of 20.1% (FY26)
p. 3
“Quarter 4 PAT stood at INR135 crores with margin of 22.6%, while FY26 PAT stood at INR391 crores with a margin of 20.1%.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Revenue reversed at Huron: INR67 crores (Q4 FY26)
p. 4
“our company has reversed a revenue amounting to INR67 crores during the quarter, which had previously been recognized under the percentage of completion method called POCM”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Consolidated Q4 revenue: INR599 crores (Q4 FY26)
p. 4
“On a consolidated basis, revenue for Q4 FY26 stood at INR599 crores, excluding the impact of the revenue reversal.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Consolidated Q4 EBITDA: INR147 crores, margin of 24.6% (Q4 FY26)
p. 4
“As a result, consolidated EBITDA for Q4 FY26 stood at INR147 crores with a margin of 24.6%.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Consolidated FY26 EBITDA: INR527 crores, margin of 25.2% (FY26)
p. 4
“FY26 EBITDA stood at INR527 crores with a margin of 25.2%.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Consolidated Q4 PAT: INR91 crores (Q4 FY26)
p. 4
“PAT for the quarter stood at INR91 crores and for FY26, PAT stood at INR336 crores, an increase of 6% year-on-year basis.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Consolidated FY26 PAT: INR336 crores, 6% YoY growth (FY26)
p. 4
“PAT for the quarter stood at INR91 crores and for FY26, PAT stood at INR336 crores, an increase of 6% year-on-year basis.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Q4 order intake: INR700 crores plus (Q4 FY26)
p. 4
“Speaking of our order intake, our order intake for Q4 FY26 stood at INR700 crores plus, driven by all sectors and particularly by auto and general engineering segment.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
FY26 order intake: INR2364 crores (FY26)
p. 4
“For FY26, the order intake stood at INR2364 crores.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Outstanding order book: INR4,732 crores (as of 31st March 2026)
p. 4
“As on 31st March 2026, our outstanding order book stand at INR4,732 crores, which is very healthy and growing.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Machines executed in Q4: 1,760 machines (Q4 FY26)
p. 11
“Kamlesh Bhai, exactly the number of machines is 1,760.”
Parakramsinh Jadeja, page 11 of the filed PDF · View the filing
Machines executed FY26: 5,550 machines (FY26)
p. 11
“And the entire year is 5,550.”
Parakramsinh Jadeja, page 11 of the filed PDF · View the filing
Debt increase: close to INR300 crores from capacity expansion, INR45 crores from working capital (FY26)
p. 11
“So I'll tell you the debt, what we have increased in this year is close to -- close to INR300 crores is the debt has been incurred on our capacity expansion basically, okay, on our new capacity there. Only working capital has increased only INR45 crores to be there.”
Parakramsinh Jadeja, page 11 of the filed PDF · View the filing
Huron standalone Q4 revenue: INR25 crores (Q4 FY26)
p. 16
“EUR25 million is close to -- in quarter 4 is INR25 crores.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
Huron full year revenue: INR248 crores (FY26)
p. 17
“One second. Full year is INR248 crores.”
Parakramsinh Jadeja, page 17 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 capacity commencement — 16,000 machines annual capacity · Q2 FY27
stated firmly by Parakramsinh Jadeja
p. 3
“To support this growth, our plan to expand our annual capacity to 16,000 machines remain on track for a commencement of commercial operation in quarter 2 of this financial year.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
EBITDA margin — 25% plus
stated firmly by Parakramsinh Jadeja
p. 12
“We will not go down by 25%.”
Parakramsinh Jadeja, page 12 of the filed PDF · View the filing
Huron FY27 standalone revenue — INR300 crores to INR350 crores · FY27
stated conditionally by Parakramsinh Jadeja
p. 18
“So FY27, we are seeing to come to a normal level first, and that normal level is close to INR300 crores to INR350 crores.”
Parakramsinh Jadeja, page 18 of the filed PDF · View the filing
Capacity ramp-up speed post-expansion — 20% to 30% further on speed
stated as an aspiration by Parakramsinh Jadeja
p. 8
“We hope that we will increase at least 20% to 30% further more on speed over here.”
Parakramsinh Jadeja, page 8 of the filed PDF · View the filing
Additional machine capacity utilization — 8,000 or 9,000 plus machines · FY27
stated as an aspiration by Parakramsinh Jadeja
p. 17
“So we see that number of machines initially will started and everything. So close to, you can say, additional, let's say, right now, we are almost 100% but the 50% of that area, we will reach maybe around 8,000 something machines to be there, 8,000 or 9,000 plus.”
Parakramsinh Jadeja, page 17 of the filed PDF · View the filing
Year-on-year growth momentum — 25% to 30% year-on-year
stated as an aspiration by Parakramsinh Jadeja
p. 17
“And we maintained our momentum close to 25% to 30% year-onyear that.”
Parakramsinh Jadeja, page 17 of the filed PDF · View the filing
Huron capacity execution ramp — August-September
stated conditionally by Parakramsinh Jadeja
p. 10
“So you see that somewhere this our -- the execution, let's say, the first dispatch and everything will start from the new assembly is around August and September there.”
Parakramsinh Jadeja, page 10 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 clarified it is a deferment, not a write-off, and said no specific timeframe for the investigation could be given.
Answered by Parakramsinh Jadeja
Asked by Nishant: Whether the auditor could have taken a provisioning approach instead of a revenue write-off, and the timeline for the investigation.
p. 5
“See, first of all, Nishant, this is not a write-off. This is a deferment and this deferment of revenue of a POCM.”
Parakramsinh Jadeja, page 5 of the filed PDF · View the filing
Management confirmed the growth was constrained by capacity, noting Q4 execution exceeded 100% utilization.
Answered by Parakramsinh Jadeja
Asked by Adil Khan: Whether the standalone growth lag was due to capacity constraints.
p. 7
“Okay. Q4 alone is INR600 crores. The total is INR1,900 crores. And in Q4, let's say, we have executed 1,750 machines. So almost we crossed this quarter is more than 100% capacity.”
Parakramsinh Jadeja, page 7 of the filed PDF · View the filing
Management confirmed the revenue and the associated margin hit of INR40 crores will be recognised once the machines are cleared.
Answered by Parakramsinh Jadeja
Asked by Adil Khan: Whether the deferred INR67 crores revenue and its margin impact will be recognised once licenses are received.
p. 7
“And this INR67 crores, see, there, we have -- the margin was very healthy. So basically, even we got the hit of INR40 crores on the margin side. That also will recognize in future once the machines will be cleared out of that.”
Parakramsinh Jadeja, page 7 of the filed PDF · View the filing
Management said the debt increase this year was largely tied to capacity expansion and does not expect further increases as a percentage.
Answered by Parakramsinh Jadeja
Asked by Mohit Motwani: Whether debt levels would keep rising going forward.
p. 11
“We don't foresee the from here to debt, has been increased there in terms of a percentage and all.”
Parakramsinh Jadeja, page 11 of the filed PDF · View the filing
Management said average machine price would decline with volume growth but margins would hold near 25%.
Answered by Parakramsinh Jadeja
Asked by Kamlesh Bagmar: Whether machine realizations and margins will stabilize at lower levels given rising machine counts.
p. 12
“But our margin profile, let's say, it's going to be at 25% -- 25% plus, it will be remained there.”
Parakramsinh Jadeja, page 12 of the filed PDF · View the filing
Management said the timeline for conclusion is uncertain but ruled out any sale of the Huron business.
Answered by Parakramsinh Jadeja
Asked by Shrenik: Whether the investigation could drag on for years and whether Huron could be divested.
p. 16
“It will take very long time, 2 years, 3 years, 5 years, we don't know. We can't comment on that also today.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
Management firmly stated they are not considering a sale of Huron.
Answered by Parakramsinh Jadeja
Asked by Shrenik: Whether Jyoti management would consider selling the Huron business given the investigation drag.
p. 16
“Not at all. We are not looking at all because we have been very well recognized over there to all our customers, and we are very much near to our customers.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
Management denied any Ukrainian government involvement and said the French government is investigating export orders broadly.
Answered by Parakramsinh Jadeja
Asked by Aniket Jain: Whether machines allegedly delivered to Russia via India re-export are the ones under investigation.
p. 15
“So first of all, you are telling something I'm listening the first time because there is no Ukrainian government in here.”
Parakramsinh Jadeja, page 15 of the filed PDF · View the filing
Risks flagged
Global economic uncertainty from tariffs and the West Asia conflict affecting energy prices and supply chains.
p. 2
“The global economy continues to remain uncertain due to tariff-related issues and the ongoing conflict in West Asia.”
Parakramsinh Jadeja, page 2 of the filed PDF · View the filing
Potential impact on India if the West Asia conflict continues for a prolonged period.
p. 2
“And India may also witness some impactif the West Asia, conflict continues for a prolonged period.”
Parakramsinh Jadeja, page 2 of the filed PDF · View the filing
Capacity constraints limiting the ability to fully execute orders despite strong demand.
p. 3
“One of the key challenges we encountered was capacity constraint with our facilities operating at utilization level exceeding 100% during peak demand months.”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Ongoing export control investigation at Huron by French authorities.
p. 3
“an ongoing investigation is being conducted by the export control authorities concerning certain export order at Huron”
Parakramsinh Jadeja, page 3 of the filed PDF · View the filing
Revenue reversal due to deferment of POCM-recognised revenue pending export licence clearance.
p. 4
“Lower revenues, coupled with the associated cost and de-operating leverages adversely impacted our profitability.”
Parakramsinh Jadeja, page 4 of the filed PDF · View the filing
Rising raw material costs not immediately passable to existing customers on fixed-cost contracts.
p. 6
“We are not able to pass on the increase any cost to the customer there, okay?”
Parakramsinh Jadeja, page 6 of the filed PDF · View the filing
Loss of potential order book due to capacity constraints amid rising imports.
p. 10
“Imports are surging. Imports are increasing. It's painful for us also.”
Parakramsinh Jadeja, page 10 of the filed PDF · View the filing
Investigation could take a prolonged, uncertain period to conclude.
p. 16
“Yes that is sure that -- basically that is sure that this -- the investigation, the conclusion will take very longer time.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
General manager at Huron placed on suspension amid investigation protocol.
p. 16
“So they wanted to be a fair investigation over there. So it put on to their hold at that home.”
Parakramsinh Jadeja, page 16 of the filed PDF · View the filing
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