Axis Mutual Fund and HSBC Mutual Fund Take Fresh Positions in 2024-Listed Company; Stock Reports 350% PAT Growth
The company posted a remarkable 352.6 per cent growth in Profit After Tax (PAT) for Q2 FY25, surging to Rs 75.88 crore from Rs 16.76 crore in the same quarter last year.
Jyoti CNC Automation posted a remarkable 352.6 per cent growth in Profit After Tax (PAT) for Q2 FY25, surging to Rs 75.88 crore from Rs 16.76 crore in the same quarter last year.
During the period of July to September domestic mutual funds Axis Midcap Fund and HSBC Small Cap Fund took positions in the company. Axis Midcap Fund acquired 35,72,740 shares, amounting to a 1.57 per cent stake, while HSBC Small Cap Fund purchased 35,04,208 shares, representing 1.54 per cent of the company’s total shares.
Financial Performance
During Q2 FY25, Jyoti CNC’s revenue from operations increased by 42.4 per cent, rising to Rs 430.67 crore from Rs 302.28 crore in the same period the previous year. EBITDA nearly doubled, growing by 95.5 per cent to Rs 106.58 crore from Rs 54.52 crore. The company’s EBITDA margin expanded by 672 basis points, reaching 24.75 per cent compared to 18.03 per cent last year.
Additionally, the company’s order book showed robust growth, with Rs 1,282.6 crore in new orders added during Q2 FY25, taking the total order book to Rs 4,289.3 crore as of the quarter-end. This reflects a significant increase from Rs 3,403.7 crore reported at the end of Q1 FY25.
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About the Company
Jyoti CNC Automation is a leading manufacturer of simultaneous 5-axis CNC machines in India. It has years of expertise in designing & manufacturing tools for companies in Aerospace, Defence, Auto Components, General Engineering and other industries. The company operates three manufacturing facilities, with two situated in Rajkot, Gujarat, and another in Strasbourg, France.It has an installed capacity to produce 6,000 machines annually in India and 121 machines per year in France, supporting both domestic and international demand.
Stock Price Performance
Since its market debut on January 16, 2024, Jyoti CNC’s stock has experienced strong gains, delivering a 201.27 per cent increase year-to-date. Company currently has a market capitalization of Rs 25,016.54 crore.
Disclaimer: This article is for informational purposes only and not investment advice.