Mumbai — Jyoti CNC Automation reported a 20.2% year-over-year decline in consolidated net profit for the first quarter of fiscal 2027, as shrinking operating margins overshadowed strong revenue growth.
The Gujarat-based machine tools manufacturer posted net profit of Rs 57 crore for the quarter ended June 30, compared with Rs 71.4 crore in the same period a year earlier, according to a stock exchange filing.
Revenue from operations increased 24% to Rs 508.5 crore from Rs 410.2 crore in the year-ago quarter.
Operating earnings also grew, with earnings before interest, taxes, depreciation and amortization rising 8.6% to Rs 108.8 crore from Rs 100.2 crore. However, EBITDA margin narrowed to 21.4% from 24.4%, highlighting continued pressure on profitability.
Investors reacted sharply to the results, sending Jyoti CNC shares down more than 10% during the session. The stock touched an intraday low of Rs 738.90 on the National Stock Exchange.
The latest results follow another quarter of margin pressure for the company. In the fourth quarter of fiscal 2026, consolidated net profit declined 16.9% from a year earlier to Rs 90.6 crore, even as revenue increased 4.2% to Rs 600 crore.
EBITDA in the March quarter fell 16.6% to Rs 148.2 crore, while the EBITDA margin contracted to 24.7% from 30.8% a year earlier.
Higher operating expenses and rising finance costs contributed to the deterioration in profitability. Standalone finance expenses in the March quarter more than tripled from a year earlier to Rs 19.4 crore. (Source: IANS)
