Jyoti CNC Q2FY27 order intake was 50% auto components

Jyoti CNC’s Q2FY27 order intake was led by auto and auto components, which supplied 50% of Rs 809 crore in new orders, while aerospace and defence held the largest 36% share of the Rs 5,082 crore order book at 30 September 2026. This shows a different mix between fresh bookings and contracted work.

What drove Jyoti CNC’s Q2FY27 order intake?

Auto and auto components drove Jyoti CNC’s Q2FY27 intake, contributing 50% of the Rs 809 crore orders received in the quarter. General engineering was the second-largest source at 27%, while aerospace and defence supplied 13%. Electronics manufacturing services, or EMS, made up 2%, die and moulds 2%, and other industries 6%, according to the company’s segment split. Auto and auto components therefore accounted for half of fresh orders.

The new-order profile differed materially from the order book at 30 September 2026. Aerospace and defence represented 36% of the Rs 5,082 crore backlog, compared with 13% of Q2FY27 intake, a 23-percentage-point difference. Auto and auto components, by contrast, represented 22% of outstanding orders versus 50% of quarterly intake, a 28-percentage-point difference. General engineering also had a higher share of intake, at 27%, than of the order book, at 21%.

How did Jyoti CNC’s order book change during Q2FY27?

Jyoti CNC’s order book increased by Rs 234 crore during Q2FY27, rising from Rs 4,848 crore on 30 June 2026 to Rs 5,082 crore on 30 September 2026. The company recorded Rs 809 crore of intake and executed Rs 575 crore of orders in the quarter. New bookings exceeded execution by Rs 234 crore, matching the reported increase in backlog.

The order book remained more weighted to aerospace and defence than the latest intake. Within the Rs 5,082 crore total, aerospace and defence accounted for 36%, auto and auto components 22%, general engineering 21%, EMS 12%, others 7%, and die and moulds 4%. The three largest categories, aerospace and defence, auto and auto components, and general engineering, comprised 79% of the backlog. The presentation does not provide customer-level order values or execution timelines.

The Q2FY27 order flow also shows a contrast between EMS and auto and auto components demand. EMS accounted for 12% of the existing backlog but only 2% of the Rs 809 crore quarterly intake, whereas auto and auto components accounted for 22% of the backlog and 50% of intake. The presentation does not identify whether that difference reflected new customers, larger projects, repeat orders, or the timing of awards.

How did Jyoti CNC’s revenue mix change in Q2FY27?

Jyoti CNC’s consolidated Q2FY27 revenue mix also shifted toward auto and auto components, which accounted for 36% of Rs 602 crore revenue, up from 26% of Rs 508 crore in Q2FY26. Aerospace and defence’s revenue share declined to 21% from 36% over the same comparison. General engineering increased to 28% from 21%, EMS rose to 7% from 5%, while others declined to 7% from 10% and die and moulds to 1% from 2%.

For the first half, auto and auto components represented 36% of Rs 1,110 crore consolidated revenue in H1FY27, compared with 31% of Rs 918 crore in H1FY26. Aerospace and defence declined to 28% from 34%, while general engineering remained at 23%. EMS increased to 6% from 3%, die and moulds fell to 1% from 2%, and others declined to 5% from 8%. Revenue mix had therefore moved toward auto and auto components before Q2FY27 intake reached a 50% share for that segment.

What do orders and revenue say about Jyoti CNC’s operating trend?

Jyoti CNC reported consolidated revenue of Rs 602 crore in Q2FY27, 19% above Rs 508 crore in Q2FY26, while the auto and auto components share of revenue rose by 10 percentage points to 36%. Standalone revenue was Rs 588 crore, up 31% from Rs 448 crore, and standalone earnings before interest, tax, depreciation and amortisation, or EBITDA, rose 48% to Rs 164 crore. These measures are reported on different bases, consolidated and standalone, and are not directly interchangeable.

On a consolidated basis, Q2FY27 EBITDA was Rs 131 crore, up 5% from Rs 125 crore a year earlier, while EBITDA margin declined to 21.8% from 24.5%. Consolidated profit after tax was Rs 73 crore, down 15% from Rs 86 crore, and margin was 12.1% versus 16.8%. The presentation therefore shows revenue growth alongside lower consolidated profit and margin, even as Q2 orders lifted the backlog by Rs 234 crore.

The available figures do not establish a direct conversion schedule from the Rs 809 crore Q2FY27 intake into revenue. However, auto and auto components represented 36% of consolidated Q2 revenue, 22% of the 30 September backlog, and 50% of fresh quarterly orders. Aerospace and defence represented 21% of Q2 revenue, 36% of backlog, and 13% of intake. These positions distinguish the end-market mix of completed work, contracted work, and new bookings.

Conclusion

Jyoti CNC entered 30 September 2026 with a Rs 5,082 crore order book after Q2FY27 intake of Rs 809 crore exceeded Rs 575 crore of execution. Aerospace and defence remained the largest stock of contracted work at 36%, but auto and auto components were the largest source of current orders at 50%. Revenue mix had already moved in that direction, with auto and auto components rising from 26% to 36% of consolidated Q2 revenue year on year.

The next point to watch is whether the 50% auto and auto components share of Q2FY27 intake persists and changes the composition of the Rs 5,082 crore backlog as orders are executed. Management said it was optimistic about delivering sustained momentum after dispatching a record 1,900 machines in Q2FY27. The presentation also discloses approval for Rs 1,020.65 crore of investment over five years at the Rajkot facility, eligible for up to a 25% capital subsidy, with an additional matching Gujarat government subsidy application pending.