Jyoti CNC Automation shares fall over 4% on reports of multiple block deals

Shares of industrial products maker, Jyoti CNC Automation, fell as much as 4.25% to hit an intraday low of ₹1,076 on the back of multiple block deals on stock exchanges. Around 6.06% equity or 1.37 crore shares changed hands through the block deal route worth ₹1,499 crore. The shares changed hands at ₹1,087 per share, implying a 3.7% discount from its Friday's session's closing price, according to a report by Moneycontrol.

Trading volume in Jyoti CNC Automation shares spiked by 87 times to 1.63 crore shares on the National Stock Exchange against an average trading volume of 1.87 lakh shares. On the BSE, 5.75 lakh shares changed hands on the BSE compared with an average of 8,360 shares traded daily in the past two weeks.

According to a report by CNBC TV18 non-promoter shareholders were looking to offload a 6% stake in the company via block deals.

In the quarter ended March 2025, Jyoti CNC reported a net profit of ₹108.97 crore, marking a 9.36% increase over ₹99.64 crore posted in the same quarter of the previous year. Revenue for the quarter surged 27.89% to ₹575.68 crore, compared to ₹450.13 crore in Q4FY24.

The company posted an even stronger performance for the full financial year. Net profit more than doubled, rising 109.47% to ₹316.01 crore in FY25 from ₹150.86 crore in FY24. Annual revenue also witnessed a healthy 35.80% growth, reaching ₹1,817.70 crore compared to ₹1,338.47 crore in the previous fiscal.

Jyoti CNC Automation, one of the world’s leading manufacturers of metal cutting computer numerical control (CNC) machines, delivered a robust performance in the March 2025 quarter and the full financial year. The company, known for its expertise in simultaneous 5-Axis CNC machines and a wide portfolio that includes CNC Turning Centres, Turn Mill Centres, Vertical Machining Centres (VMCs), and Horizontal Machining Centres (HMCs), continues to strengthen its position in the global CNC manufacturing space.

As of 90:16 am, Jyoti CNC Automation shares traded 3.22% lower at ₹1,088, underperforming the BSE500 index which was down 0.1%.