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Latest filing: 2026-08-17 22:22
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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
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16 announcements match the current filters (relevance ≥ 5).
MeitY Approves ₹1,020.65 Cr Capex by Jyoti CNC with Up to 25% Incentive
Jyoti CNC Automation has received approval from the Ministry of Electronics and Information Technology (MeitY) under the Electronic Components Manufacturing Scheme for a ₹1,020.65 crore capital investment proposal over the next five years. The investment will be deployed at its existing Rajkot facility for capacity expansion and backward integration of electronic devices used in CNC machines. The company is eligible for a capex incentive of up to 25% under the scheme. The ₹1,020.65 crore planned capex represents ~46.6% of TTM revenue (₹2,191 crore), and the approval will be placed before the Board of Directors for consideration.
Confidence: HIGH
What changedMeitY granted formal approval on August 17, 2026, for Jyoti CNC's ₹1,020.65 crore 5-year capex plan under the Electronic Components Manufacturing Scheme.
Why it mattersBackward integration into electronic components will lower import dependency, protect margins, and support in-house controller development with significant government capital subsidy support.
Approved Capex: ₹1,020.65 CroresCapex vs TTM Revenue: ~46.6%Capex vs Net Worth: ~41.6%Capex Incentive: Up to 25%Execution Horizon: 5 years
📅 Short termPositive sentiment driver; attention shifts to the Board's review and approval of the capex roadmap and funding plan.
📈 Long termStrengthens manufacturing depth and supply chain resilience for high-end CNC machines, potentially enhancing operating margins over the multi-year rollout.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution and commissioning delays across the 5-year horizon
- Funding requirements for the ~75% portion not covered by subsidies
- Timely compliance with MeitY operational milestones to claim the 25% incentive
Key Highlights
Approved capital investment proposal aggregating to ₹1,020.65 crore over next 5 years.
Eligible for capex incentive of up to 25% under MeitY's Electronic Components Manufacturing Scheme.
Investment directed towards capacity expansion and backward integration of CNC electronic devices.
Capex will be executed at the company's existing manufacturing facility at Rajkot, Gujarat.
👀 What to Watch
Track the upcoming Board of Directors meeting for formal approval, financing structure (internal accruals vs debt), and specific phase-wise execution timelines.
Jyoti CNC Q1 Revenue Up 24%; Order Book Reaches Rs 4,848 Cr with Major Expansion in Sept
Jyoti CNC reported a 24% YoY growth in consolidated revenue to Rs 508.5 Cr for Q1 FY27, despite a change in accounting methods at its Huron subsidiary that deferred some revenue. The company's order book has reached Rs 4,848 Cr, representing approximately 2.2x its TTM revenue, with Aerospace & Defense making up 38% of the pipeline. Management confirmed that a major capacity expansion for 10,000 machines annually is on track for commissioning by late September 2026. Current capacity utilization remains high at 86%, necessitating this expansion to meet robust domestic and international demand.
Confidence: HIGH
What changedManagement provided a detailed breakdown of the Rs 4,848 Cr order book and confirmed the timeline for the 10,000-unit capacity expansion starting September 2026.
Why it mattersThe company is operating at near-full capacity (86%); the upcoming expansion is critical to converting the massive order book into revenue, especially in high-margin sectors like Aerospace and Defense.
Order Book: Rs 4,848 CrOrder Book vs TTM Revenue: ~221%Q1 Revenue Growth (Consol): 24%New Capacity Addition: 10,000 machines/yearCapacity Utilization: 86%Aerospace & Defense Order Share: 38%
📅 Short termPositive sentiment is expected due to the strong order book and the proximity of the capacity expansion date which should drive H2 performance.
📈 Long termStructural play on Indian manufacturing and import substitution in high-end CNC machines; the massive capacity expansion could significantly re-rate the business if execution remains on track.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High working capital intensity
- 4-6 month assembly lead times
- Forex volatility affecting international operations
Key Highlights
Order book stands at Rs 4,848 Cr, providing strong revenue visibility (approx. 2.2x TTM revenue).
Consolidated revenue grew 24% YoY to Rs 508.5 Cr, while standalone revenue grew 37% to Rs 509 Cr.
New manufacturing facility for 10,000 machines/year scheduled to commence operations by end of September 2026.
Aerospace and Defense sector accounts for 37% of Q1 revenue and 38% of the total order book.
Total machines sold in Q1 FY27 increased to 1,406 units from 1,117 units in the previous year.
👀 What to Watch
Monitor the successful commissioning and production ramp-up of the new 10,000-machine capacity facility in Q3/Q4 FY27, as this is the primary driver for future revenue growth and order book execution.
Jyoti CNC Q1 FY27: Revenue up 24% to ₹508.5 Cr; Order Book reaches ₹4,848 Cr
Jyoti CNC reported a 24% YoY growth in consolidated revenue to ₹508.5 Cr for Q1 FY27, driven by strong demand in Aerospace & Defence. However, consolidated PAT declined 20% YoY to ₹57.1 Cr, primarily due to a ₹10 Cr unrealized forex loss and a doubling of finance costs to ₹24.3 Cr. The order book remains a key strength, growing to ₹4,848 Cr (approx. 2.3x TTM revenue), with Aerospace & Defence contributing 38% of the backlog. Standalone performance was notably stronger, with PAT growing 21.3% YoY to ₹87.5 Cr.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial performance and updated its order book status, showing a significant shift towards the Aerospace & Defence sector.
Why it mattersThe massive order book (2.3x TTM revenue) provides high revenue visibility, while the shift toward complex 5-axis machines for aerospace is intended to drive long-term margin expansion despite current forex volatility.
Q1 FY27 Consolidated Revenue: ₹508.5 CrTotal Order Book: ₹4,848 CrOrder Book vs TTM Revenue: 2.31xAerospace & Defence Order Share: 38%Unrealized Forex Loss (Consolidated): ₹10 CrFinance Cost (Consolidated): ₹24.3 Cr
📅 Short termThe stock may face pressure due to the 20% decline in consolidated PAT and margin compression, though the strong order intake of ₹601 Cr provides a positive counter-narrative.
📈 Long termThe structural shift toward high-value aerospace components and the ramp-up of the French subsidiary's 2x capacity expansion are key long-term value drivers.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High working capital intensity
- Exposure to foreign exchange fluctuations (₹10 Cr loss in Q1)
- Rising finance costs impacting consolidated profitability
Key Highlights
Consolidated revenue grew 24% YoY to ₹508.5 Cr in Q1 FY27.
Total order book reached ₹4,848 Cr as of June 30, 2026, with a fresh intake of ₹601 Cr during the quarter.
Aerospace & Defence segment share in revenue increased to 37% from 30% YoY.
Adjusted EBITDA (excluding ₹10 Cr forex loss) rose 18.6% YoY to ₹118.8 Cr.
Standalone PAT grew 21.3% YoY to ₹87.5 Cr, contrasting with the consolidated decline.
👀 What to Watch
Investors should monitor the execution pace of the ₹4,848 Cr order book and the stabilization of margins at the French subsidiary (Huron) following its capacity expansion.
Jyoti CNC Q1 Results: Revenue up 24% YoY to ₹508 Cr, but PAT drops 20% to ₹57 Cr
Jyoti CNC reported a 23.9% YoY increase in consolidated revenue to ₹508.47 Cr for Q1 FY27, yet Net Profit fell 20% YoY to ₹57.14 Cr. The profitability decline was driven by a sharp rise in finance costs, which doubled to ₹24.34 Cr from ₹12.18 Cr YoY, and higher employee expenses. A significant regulatory overhang persists as French authorities have seized €3.02 million and two properties amid a judicial investigation into its subsidiary, Huron Graffenstaden SAS, regarding dual-use technology exports.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results, showing a significant divergence between revenue growth and profit performance, alongside an update on legal restrictions in France.
Why it mattersWhile the top-line growth aligns with the company's 15-20% target, the profit contraction and legal issues at the French subsidiary (Huron) pose risks to the high valuation (P/E of 58.5).
Consolidated Revenue (Q1): ₹508.47 CrConsolidated PAT (Q1): ₹57.14 CrYoY Revenue Growth: 23.9%YoY PAT Growth: -20.0%Seized Funds (France): €3.02 millionFinance Costs (Q1): ₹24.34 Cr
📅 Short termThe stock may face pressure in the short term due to the year-on-year profit decline and the continued legal uncertainty regarding the French subsidiary's export licenses.
📈 Long termLong-term value depends on the successful execution of the high-margin Aerospace & Defence order book and the resolution of the 'dual-use technology' investigation in Europe.
⚠ Risk flags
- Ongoing judicial investigation in France
- Significant increase in finance costs
- Non-provision for impairment of loss-making subsidiaries
- High working capital intensity
Key Highlights
Consolidated Revenue from operations increased 23.9% YoY to ₹508.47 Cr.
Consolidated Net Profit declined 20% YoY to ₹57.14 Cr from ₹71.42 Cr.
Finance costs surged 100% YoY to ₹24.34 Cr, impacting the bottom line.
Interim seizure of €3.02 million in funds and two residential properties in France due to ongoing judicial investigation.
Management opted against impairment provisions for loss-making subsidiaries despite eroded net worth.
👀 What to Watch
Investors should monitor the progress of the French judicial investigation and the company's ability to pass on costs, as finance and employee expenses are currently outpacing revenue growth. Watch for the execution of the ₹4,546 Cr order book in upcoming quarters to see if margins stabilize.
Jyoti CNC FY26 Standalone Revenue Up 20% to ₹1,949 Cr; Order Book Reaches ₹4,732 Cr
Jyoti CNC reported a strong standalone performance for FY26 with revenue growing 20% to ₹1,949 crores and an EBITDA margin of 28.9%. Consolidated results were impacted by a ₹67 crore revenue deferment at its subsidiary Huron due to an ongoing European export control investigation, which the management clarified is not a loss but a timing issue. The company maintains a robust order book of ₹4,732 crores, with aerospace and defense contributing 38%. A massive capacity expansion from 6,000 to 16,000 machines is on track for commencement in Q2 FY27.
Key Highlights
Standalone FY26 revenue grew 20% YoY to ₹1,949 crores with a PAT of ₹391 crores
Outstanding order book stands at ₹4,732 crores as of March 31, 2026, providing high visibility
Annual capacity expansion to 16,000 machines is scheduled for commercial operation in Q2 FY27
Consolidated PAT rose 6% YoY to ₹336 crores despite a ₹67 crore revenue reversal at Huron
Aerospace and defense remain the largest segment, contributing 38% to the current order book
👀 What to Watch
Investors should monitor the timely commissioning of the 10,000-machine capacity expansion in Q2 FY27 as it is the primary growth driver. The strong order book and sector diversification suggest long-term value despite short-term regulatory deferments in Europe.
Jyoti CNC Wins GST Appeal; ₹4.46 Crore Tax Demand Set Aside
Jyoti CNC Automation Limited has received a favorable order from the Commissioner (Appeal), Central GST & Excise, Rajkot, regarding a long-standing tax dispute. The order sets aside a previous demand of ₹4,45,59,720 that was originally issued by the Additional Commissioner of Central GST. As the entire demand has been dropped, the company is now eligible to receive a refund for the amount it had previously paid under protest. This resolution effectively eliminates a potential financial liability and will result in a cash inflow.
Key Highlights
Commissioner (Appeal) set aside a tax demand totaling ₹4,45,59,720.
The ruling follows an appeal filed by the company against a previous order from the Additional Commissioner, Rajkot.
The company is now eligible for a refund of the amount paid under protest during the litigation period.
This update concludes a legal matter first intimated to the exchanges on November 18, 2025.
👀 What to Watch
Investors should view this as a positive development as it removes a contingent liability and improves liquidity through a tax refund. No further action is required as the legal risk is resolved.
Jyoti CNC FY26 Consolidated Revenue Up 15% to ₹2,093 Cr; Order Book Strong at ₹4,732 Cr
Jyoti CNC Automation reported a 15% YoY growth in consolidated revenue to ₹2,093.1 Cr for FY26, with PAT rising 6% to ₹336 Cr. The Q4 performance was impacted by a ₹67 Cr revenue reversal in its Huron subsidiary due to an ongoing investigation and accounting adjustments, which the company describes as a deferment rather than a loss. Standalone performance remained robust, with FY26 PAT growing 26% to ₹391.3 Cr and EBITDA margins at 28.9%. The company maintains a massive order book of ₹4,732 Cr, providing significant revenue visibility for the coming years.
Key Highlights
Consolidated FY26 revenue reached ₹2,093.1 Cr, up 15.2% YoY, while standalone revenue grew 20.7% to ₹1,949 Cr.
Order book stands at ₹4,732 Cr as of March 31, 2026, with Aerospace & Defense contributing 38%.
Q4 consolidated PAT declined 17% YoY to ₹90.6 Cr due to a ₹67 Cr revenue reversal in the Huron subsidiary.
Standalone EBITDA for FY26 grew 23.1% to ₹564.2 Cr with a margin of 28.9%.
The company successfully expanded capacity at its French subsidiary and launched several new machine models in FY26.
👀 What to Watch
Investors should keep a close watch on the resolution of the investigation at the Huron subsidiary and the subsequent realization of the deferred ₹67 Cr revenue. While the standalone business and order book are very strong, the subsidiary's accounting issues may cause short-term price volatility.
Jyoti CNC FY26 Net Profit Rises 26% to ₹391 Cr; Revenue Up 21% YoY
Jyoti CNC Automation reported a strong performance for the full year ended March 31, 2026, with standalone revenue reaching ₹1,949.01 crore, a 20.7% increase from the previous year. Net profit for the year grew by 26.2% to ₹391.25 crore, supported by improved operational efficiency despite higher finance costs. The fourth quarter also showed growth, with revenue at ₹598.70 crore and PAT at ₹135.03 crore. However, investors should note auditor remarks regarding an ongoing judicial investigation in a French subsidiary and non-provision for impairment in certain investments.
Key Highlights
Annual Revenue from operations grew 20.7% YoY to ₹1,949.01 crore in FY26.
Full-year Net Profit (PAT) increased by 26.2% to ₹391.25 crore compared to ₹310.06 crore in FY25.
Q4 FY26 Revenue stood at ₹598.70 crore, up 13.1% compared to ₹529.10 crore in the same quarter last year.
Earnings Per Share (EPS) improved significantly to ₹17.21 for FY26 from ₹13.64 in the previous fiscal.
Auditors highlighted an ongoing judicial investigation involving the step-down subsidiary Huron Graffenstaden SAS.
👀 What to Watch
The company shows robust growth in both top and bottom lines, making it a strong performer in the CNC segment. Investors should maintain a positive outlook but monitor the legal developments regarding the French subsidiary mentioned in the auditor's notes.
Jyoti CNC Automation FY26 Net Profit Rises 26% YoY to ₹391 Cr; Revenue Up 21%
Jyoti CNC Automation reported a strong standalone performance for the fiscal year ended March 31, 2026, with revenue growing 20.7% to ₹1,949.01 crore. Annual net profit increased by 26.2% to ₹391.25 crore, up from ₹310.06 crore in the previous year. While the quarterly performance for Q4 FY26 also showed growth with a 10.8% rise in profit, investors should be aware of auditor notes regarding an ongoing judicial investigation in its French step-down subsidiary, Huron Graffenstaden SAS.
Key Highlights
Standalone annual revenue from operations grew by 20.7% YoY to ₹1,949.01 crore.
Full-year Net Profit (PAT) increased to ₹391.25 crore compared to ₹310.06 crore in FY25.
Earnings Per Share (EPS) for FY26 rose to ₹17.21 from ₹13.64 in the previous year.
Q4 FY26 standalone revenue reached ₹598.70 crore, a 13% increase over the same quarter last year.
Finance costs for the full year surged to ₹53.47 crore from ₹17.36 crore in FY25.
👀 What to Watch
The company demonstrates strong growth momentum in the CNC segment; investors should remain positive but monitor the legal and impairment risks associated with the French subsidiary as noted by the auditors.
Jyoti CNC Subsidiary Faces French Investigation; EUR 4.0M Bank Accounts Seized
Jyoti CNC Automation's French subsidiary, Huron Graffenstaden SAS, is under investigation by French authorities for alleged export control violations related to dual-use machinery. As part of interim measures, authorities have seized bank accounts totaling approximately EUR 4.0 million and two residential properties, while restricting the subsidiary's Director General from his duties. A formal judicial investigation has been initiated, which the company intends to contest strongly. While the parent company notes that standalone operations contribute over 85% of group revenue and remain unaffected, the legal proceedings introduce regulatory risk.
Key Highlights
Formal judicial investigation initiated by French authorities against material subsidiary Huron Graffenstaden SAS.
Interim seizure of bank accounts totaling ~EUR 4.0 million and two residential properties owned by Jyoti SAS.
Director General of the subsidiary temporarily restricted from discharging any official duties.
Allegations involve suspected violations of European Union laws regarding export controls of dual-use technology.
Parent company Jyoti CNC maintains that standalone operations (85% of revenue) are currently unaffected.
👀 What to Watch
Investors should exercise caution as the judicial investigation could lead to further penalties or operational disruptions in Europe. Monitor for updates regarding the release of seized assets and the outcome of the legal contest.
Jyoti CNC Subsidiary Faces French Investigation; EUR 4M Assets Seized
Jyoti CNC's French subsidiary, Huron Graffenstaden SAS, is under investigation by French authorities for alleged export control violations regarding dual-use machinery. As interim measures, authorities have seized bank accounts worth approximately EUR 4.0 million and two residential properties, while also restricting the subsidiary's Director General from duties. The company maintains that standalone operations, which account for over 85% of group revenue, remain unaffected. However, the judicial investigation and asset seizures introduce significant legal risk and potential regulatory hurdles in the European market.
Key Highlights
French authorities seized ~EUR 4.0 million in bank accounts belonging to subsidiary Huron Graffenstaden SAS.
Investigation involves alleged violations of EU export laws regarding dual-use technology machinery.
The Director General of the French subsidiary has been temporarily restricted from discharging any duties.
Jyoti CNC standalone operations contribute over 85% of group revenue and are reportedly not impacted.
Two residential properties owned by Jyoti SAS have also been seized as part of the interim judicial measures.
👀 What to Watch
Investors should exercise caution as legal proceedings in international jurisdictions can be prolonged and result in heavy penalties. Monitor for updates on the release of seized assets and the status of the judicial investigation in France.
Jyoti CNC Q3 FY26 Revenue Grows 28% to ₹576 Cr; Order Book Reaches ₹4,585 Cr
Jyoti CNC reported a strong Q3 FY26 with consolidated revenue growing 28.1% YoY to ₹576 crores and EBITDA margins expanding to 26.8%. The company maintains a robust order book of ₹4,585 crores, heavily weighted towards the high-margin Aerospace and Defense sector at 41%. Management is executing a massive capacity expansion from 6,000 to 16,000 machines, expected to be completed by September 2026. While PAT grew by 10.3%, it was slightly tempered by increased finance costs related to these ongoing expansion projects.
Key Highlights
Consolidated revenue for Q3 FY26 rose 28.1% YoY to ₹576 crores, with 9M FY26 revenue reaching ₹1,494 crores.
EBITDA margins improved by 180 basis points to 26.8% in Q3 FY26, driven by a favorable product mix.
Total order book stands at ₹4,585 crores, with Aerospace and Defense contributing 41% of the total backlog.
Manufacturing capacity is on track to expand from 6,000 to 16,000 machines by September 2026.
Huron facility in France doubled its capacity in November 2025 to better serve global aerospace demand.
👀 What to Watch
Investors should monitor the timely execution of the massive capacity ramp-up due in September 2026 and the subsequent debt reduction. The strong order book in Aerospace and Defense provides high revenue visibility and margin support for the coming years.
Jyoti CNC Q3 FY26 Revenue Grows 28% to ₹576 Cr; Order Book Robust at ₹4,585 Cr
Jyoti CNC Automation reported strong financial performance for Q3 FY26, with revenue rising 28.1% YoY to ₹576 crore. Profitability saw a significant boost as EBITDA margins expanded to 26.8%, resulting in an EBITDA of ₹155 crore, up 37.3% YoY. The company maintains a massive order book of ₹4,585 crore, providing multi-year revenue visibility. Furthermore, the company successfully doubled its production capacity at its French subsidiary, Huron, to 240 machines to capitalize on global aerospace demand.
Key Highlights
Q3 FY26 Revenue increased 28.1% YoY to ₹576 crore, with 9M FY26 Revenue at ₹1,494 crore.
EBITDA for Q3 FY26 grew 37.3% YoY to ₹155 crore with a healthy margin of 26.8%.
Current order book stands at ₹4,585 crore, ensuring strong execution visibility for upcoming quarters.
Capacity at the French subsidiary (Huron) doubled to 240 machines to cater to rising aerospace and global demand.
PAT for Q3 FY26 stood at ₹89 crore with a 15.4% margin, reflecting a 10.3% YoY growth.
👀 What to Watch
Investors should focus on the company's ability to execute its large ₹4,585 crore order book and the margin benefits from the high-end aerospace segment. The capacity expansion in France is a strategic positive for global market penetration.
Jyoti CNC Automation Credit Ratings Reaffirmed at IVR A+ for ₹1,259 Cr Facilities
Infomerics Valuation and Rating Limited has reaffirmed the credit ratings for Jyoti CNC Automation Limited's bank facilities totaling ₹1,259.11 crores. The long-term facilities of ₹810.00 crores maintained an 'IVR A+/ Stable' rating, while combined long/short-term facilities of ₹449.11 crores were reaffirmed at 'IVR A+/ Stable' and 'IVR A1'. This reaffirmation reflects a consistent credit profile and stable financial outlook for the company. It provides assurance to investors regarding the company's ongoing ability to service its debt obligations.
Key Highlights
Infomerics reaffirmed the rating for ₹810.00 crores of Long Term Bank Facilities at IVR A+/ Stable.
Ratings for ₹449.11 crores of Long Term / Short Term Bank Facilities were reaffirmed at IVR A+/ Stable and IVR A1.
The total value of bank facilities covered under this rating update is ₹1,259.11 crores.
The 'Stable' outlook indicates the rating agency's expectation of steady financial performance in the medium term.
👀 What to Watch
As the ratings have been reaffirmed rather than upgraded or downgraded, there is no immediate action required. Investors should view this as a confirmation of financial stability and continue to monitor quarterly earnings for operational growth.
Jyoti CNC Q3 Standalone Net Profit Surges 36% YoY to ₹105.16 Cr; Revenue Up 32%
Jyoti CNC Automation Limited reported a strong standalone performance for the quarter ended December 31, 2025. Revenue from operations grew 32.4% YoY to ₹529.77 Cr, while Net Profit increased by 36% YoY to ₹105.16 Cr. For the nine-month period, the company achieved a profit of ₹256.22 Cr, a significant jump from ₹188.15 Cr in the previous year. While the core business shows robust growth, the auditor highlighted the non-provision of impairment for loss-making subsidiaries, which management expects to turn around soon.
Key Highlights
Standalone Revenue from operations increased 32.4% YoY to ₹529.77 Cr in Q3 FY26.
Net Profit after tax rose 36% YoY to ₹105.16 Cr from ₹77.33 Cr in Q3 FY25.
9M FY26 Standalone Revenue reached ₹1,350.31 Cr compared to ₹1,085.93 Cr in 9M FY25.
Finance costs for the quarter increased significantly to ₹18.68 Cr from ₹4.17 Cr YoY.
Auditor noted non-provision of impairment for investments in subsidiaries despite erosion of net worth.
👀 What to Watch
The standalone business demonstrates strong growth momentum and improving margins; however, investors should monitor the consolidated results and the recovery progress of the 'Huron' subsidiaries.
Jyoti CNC Q3 Standalone Net Profit Jumps 36% YoY to ₹105.16 Cr; Revenue Up 32%
Jyoti CNC Automation reported a strong performance for Q3 FY26, with standalone revenue growing 32.4% YoY to ₹529.77 crore. Standalone Net Profit increased by 36% YoY to ₹105.16 crore, driven by robust demand in the machine tool sector. For the nine-month period ended December 2025, the company achieved a profit of ₹256.22 crore, a 36.2% increase over the previous year. While operational growth is strong, finance costs saw a sharp spike to ₹18.68 crore from ₹4.17 crore YoY, and auditors noted the erosion of net worth in international subsidiaries.
Key Highlights
Standalone Revenue from operations rose 32.4% YoY to ₹529.77 crore in Q3 FY26.
Standalone Net Profit for the quarter stood at ₹105.16 crore vs ₹77.33 crore in Q3 FY25.
9M FY26 Revenue reached ₹1,350.31 crore, marking a 24.3% growth over 9M FY25.
Finance costs increased significantly to ₹18.68 crore in Q3 FY26 compared to ₹4.17 crore in the year-ago quarter.
Auditors highlighted non-provision of impairment for loss-making subsidiaries, though management expects a turnaround.
👀 What to Watch
Investors should take note of the strong top-line and bottom-line growth, but remain cautious about the rising finance costs and the performance of overseas subsidiaries. The stock continues to benefit from the capital goods upcycle in India.
