Jyoti CNC Automation Reports Strong Financial Results for Q1 2024

May 18 2024 07:15 PM IST
share
Share Via
Jyoti CNC Automation, a leading player in the capital goods industry, has reported a strong performance in the quarter ending March 2024. The company's Profit Before Tax and Profit After Tax have shown significant growth, while its ability to manage interest payments has improved. Sales and Operating Profit have also seen positive trends.
Jyoti CNC Automation, a leading player in the capital goods industry, has recently announced its financial results for the quarter ending March 2024. The company has reported a strong performance with a significant growth in key financial indicators.

According to the quarterly report, the company's Profit Before Tax (PBT) has shown a remarkable growth of 128.6% at Rs 83.86 crore, compared to the average PBT of the previous four quarters which stood at Rs 36.69 crore. This indicates a very positive trend in the near term for the company's PBT.

Similarly, the Profit After Tax (PAT) has also witnessed a growth of 83.7% at Rs 65.84 crore, compared to the average PAT of the previous four quarters which was Rs 35.84 crore. This shows a very positive trend in the near term for the company's PAT.

The company's ability to manage interest payments has also improved, with the Operating Profit to Interest ratio being the highest at 10.04 times in the last five quarters. This indicates a strong financial position and efficient management of interest payments.

In terms of sales, Jyoti CNC Automation has reported a growth of 27.1% at Rs 393.74 crore, compared to the average Net Sales of the previous four quarters which was Rs 309.79 crore. This shows a positive trend in the near term for the company's sales.

The Operating Profit (PBDIT) for the quarter was also the highest at Rs 101.27 crore in the last five quarters, indicating a positive trend in the near term for the company's operating profit.

Overall, Jyoti CNC Automation has shown a strong performance in the quarter ending March 2024, with positive trends in key financial indicators. This is a testament to the company's efficient management and strong position in the capital goods industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News