Jyoti Cnc Automation has released the transcript of its Q1FY27 earnings conference call, held on August 7, 2026. The disclosure was submitted to the stock exchanges on August 14, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier notification on August 7 regarding the availability of the audio recording.

Financial Performance

The call provided detailed insights into the company's Q1FY27 results. Standalone revenue grew 37% to ₹509 crore from ₹371.5 crore in the same period last year. Adjusted EBITDA for the standalone business stood at ₹145 crore, with a margin of 28.4%, up 190 basis points from the previous year. Reported EBITDA was ₹137 crore with a margin of 27.2%. Standalone PAT grew 21% to ₹88 crore, with a margin of 17.2%.

On a consolidated basis, revenue increased 24% to ₹508.5 crore from ₹410.2 crore in Q1FY26. Consolidated adjusted EBITDA stood at ₹119 crore with a margin of 23.4%. Reported consolidated EBITDA was ₹109 crore with a margin of 21.4%. Consolidated PAT was ₹57 crore, with a margin of 11.2%.

Operational Updates

Management highlighted strong demand across general engineering, automotive, EMS, and defense sectors. The company launched a new high-precision double column machine, NX, targeting the railway and heavy engineering sectors. Capacity utilization stood at 86% in Q1FY27 against a current capacity of 6,000 machines annually. A new facility adding capacity for 10,000 machines is scheduled to commence operations by end-September 2026.

The order book stands at ₹4,848 crore. Industry-wise composition includes 38% from aerospace and defense, 20% from general engineering, 19% from automotive, and 13% from EMS. Machine sales reached 1,406 units in Q1FY27, compared to 1,117 units in Q1FY26.

Huron Accounting Changes

A key focus of the call was the change in accounting policy at the Huron subsidiary. The company moved away from the percentage-of-completion method due to uncertainties in obtaining end-user certificates for exports outside the European Union, driven by geopolitical tensions. This resulted in lower revenue recognition in Q1FY27. Management stated that like-to-like consolidated revenue would have been higher by more than ₹30 crore had the previous method been applied. Full-year FY27 revenue guidance for Huron is ₹300-325 crore with an EBITDA margin of 8-10%.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the impact of the Huron accounting change. While standalone margins expanded significantly to 28.4%, consolidated margins contracted by 100 basis points to 23.4%. This suggests that the underlying operational profitability remains robust, but reported consolidated figures are currently suppressed by timing issues in revenue recognition at the overseas subsidiary rather than operational weakness.

Disclosure Details

The transcript was submitted to the Department of Corporate Services at BSE Limited and the Listing Compliance Department at NSE India. The document was digitally signed by Maulik Bharatkumar Gandhi, Company Secretary and Compliance Officer, on August 14, 2026, at 15:09 IST. The company’s registered office is in Rajkot, Gujarat.

Jyoti CNC Automation has outlined an ambitious performance outlook for FY27, projecting revenue growth of 25% to 30% while maintaining EBITDA margins around 25%. The company also anticipates robust performance in the second half of FY27, supported by strong demand and the addition of new capacity, with operating cash flow estimated at 50% of EBITDA.

FY27 Financial and Operational Guidance

The company has provided detailed guidance across key financial and operational parameters for FY27. The following table summarises the key metrics:

Huron's FY27 Projections

Subsidiary Huron has also provided its own FY27 financial outlook, targeting revenue between INR300 crore and INR325 crore. Huron forecasts EBITDA margins in the range of 8% to 10% and expects to achieve a positive PAT during the period.

New Product Launches and Technology Development

Jyoti CNC introduced a new high-precision double-column machine, the NX, targeting sectors that have historically relied on imports. The NX is aimed at the following industries:

• Railway sector
• Commercial vehicles
• Infrastructure
• Power
• Heavy engineering

In addition to the NX, the company is actively developing larger machine models, with 8-meter and 10-meter variants in the pipeline following the launch of the 6-meter model. Jyoti CNC is also developing its own drives, motors, and CNC controllers in-house, with the Human-Machine Interface already ready. The company plans to commercialize these proprietary technologies within two years.

Capacity Expansion and Order Book

A new facility with a capacity of 10,000 machines is expected to begin operations by the end of September, underpinning the company's production growth targets for FY27. Total machine sales for FY27 are anticipated to surpass 8,000 units, while the yearly order book is projected to range between INR2,500 crore and INR3,000 crore. Capital expenditure for FY27 is guided in the range of INR200 crore to INR250 crore, reflecting continued investment in expanding manufacturing capabilities.