Key takeaways from Q4 / FY2024 results:
Muted execution in Q4 (YoY) but the full-year results are great:
- Turnaround in FY 2024, from loss-making entity to profit. A huge jump in EBITDA margin.
- The growth in Q4 (YoY) is just 1% but the whole FY24 is 44% up compared to FY23
- Because of the IPO and strong performance, the company has become a Net Cash entity
Strong Growth in Orderbook:
The order book, on the base of over 3200 crore grew by 635 crore (~20% Growth)
This growth in order book is backed by increased capex to fulfill the orders
Foraying into Semiconductor Space
Investing for Growth
- Jyoti CNC is foraying into new products and new markets
- To support this growth increasing manufacturing capacity
Market Reaction - Cautious
Retracement to breakout zone on avg volume after results
Regards
Pankaj Garg
(Pankajg.substack.com)