Jyoti CNC Q4 Results: Stock slides 10%, extends 2026 losses after FY26 topline misses guidance

Shares of Jyoti CNC Automation fell as much as 10% on Friday, May 29, after the machine tools manufacturer reported weaker-than-expected FY26 earnings, with profit and operating margin for the March quarter declining from a year ago.

The company reported a 16.9% year-on-year fall in consolidated net profit to ₹90.6 crore for Q4FY26, from ₹109 crore in the corresponding quarter last year. Revenue rose 4.2% to ₹600 crore from ₹575.7 crore a year ago.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined 16.6% to ₹148.2 crore from ₹177.7 crore in the year-ago quarter, and EBITDA margins contracted to 24.7% from 30.8%.

Higher operating costs and finance expenses hurt the company's profitability during the quarter. On a standalone basis, finance costs more than tripled year-on-year to ₹19.4 crore from ₹6.1 crore, and employee and other operating expenses remained elevated.

For FY26, the company reported a 20.68% rise in its standalone revenue to ₹1,949 crore from ₹1,615 crore in FY25. However, this growth fell short of the management's own revenue growth guidance of 35-40%.

Net profit increased to ₹391.3 crore from ₹310.1 crore a year ago, while profit before tax rose to ₹523 crore from ₹416.3 crore.

Jyoti CNC says it continues to operate as a single business segment focused on the machine tools industry. The company also disclosed that a judicial investigation involving its step-down subsidiary, Huron Graffenstaden SAS in France, remains ongoing.

As an interim measure, French authorities have imposed restrictions on certain export licences, seized funds amounting to €3.02 million and attached two residential properties owned by Jyoti SAS. However, the company expects a recovery in the subsidiary's business and has not recognised any impairment on its investment.

Shares of Jyoti CNC are trading 9% lower at ₹598.2 on Friday soon after the results were announced. The stock is down nearly 40% so far this year, but still holding above its issue price of ₹331 apiece.