Jyoti CNC Automation Limited — Important, 14-11-2024: Capacity addition

**Board Meeting Outcomes and Company Update**

Jyoti CNC Automation Limited's board has approved its financial results for the quarter and half-year ended September 30, 2024. The company reported a significant increase in revenue, achieving ₹6,973.43 Cr against ₹4,446.17 Cr the previous year, reflecting strong operational performance. The net profit stands at ₹1,108.21 Cr, up from ₹172.99 Cr, indicating robust profitability despite exceptional items impacting past results.

In terms of growth strategy, the company is set to enhance its manufacturing capacity by an additional 10,000 machines per annum, requiring an investment of ₹400 Cr over the next two fiscal years. Existing utilization levels are strong at 83.40%, and future capacity expansions are strategically aligned to tap into anticipated market demands, pointing to a positive outlook for operational growth.

Additionally, Mr. P. N. Prasad has been appointed as an Independent Director, expected to provide valuable governance and strategic oversight. Investors should monitor the company’s capacity expansion and evolving market positioning closely.