Stock under ₹10 jumps 7% after its net profits grow by 70% QoQ

Synopsis: Jyoti Structures jumped sharply after it reported a 53% growth in revenue, followed by 55% growth in net profit on a YoY basis, despite operating margins gliding by 200 bps in the period.

The shares of this company, engaged in electricity, transmission, distribution, and substation, are in focus after it reported stunning financial performance in the latest quarter of this financial year. In this article, we will dive more into the details of it.

With a market capitalisation of Rs 1,084 crore, the shares of Jyoti Structures Ltd reached a day high of Rs 9.68 per share, up 7 percent from its previous day’s closing price of Rs 9.04 per share. Over the past five years, the stock has delivered a muted return of 59 percent, underperforming NIFTY 50’s return of 83 percent.

Q3 Highlights

The revenue from operations for Jyoti Structures stands at Rs 209 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 137 crores, up by a staggering 53 per cent YoY. Additionally, on a QoQ basis, it reported a growth of 38 percent from Rs 151 crore. 

Also, operating profit (EBITDA) stood at Rs 15 crores in Q3 FY26 compared to Q3 FY25 EBITDA of Rs 12 crores, up by 25 per cent YoY. Additionally, on a QoQ basis, it reported a robust growth of 67 percent as compared to an EBITDA of Rs 9 crore. However, its operating margins declined by 200 bps to 7 percent in Q3 FY26 from 9 percent in Q3 FY25.

Coming down to its profitability, the company’s net profit stood at Rs 17 crore in Q3 FY26, a robust growth of 55 percent as compared to Rs 11 crore in Q3 FY25. Additionally, on a QoQ basis, it reported a staggering growth of 70 percent from Rs 10 crore.

Coming down to its expenses side, the company’s total expenses stood at Rs 194 crore in Q3 FY26, a growth of 55 percent as compared to Rs 125 crore in Q3 FY25. Additionally, on a QoQ basis, it grew by 37 percent from Rs 142 crore.

Management Comments and others

A senior spokesperson of the company said that, “The company has demonstrated an accelerated pace of growth in Q3 and over the first nine months of FY 2025–26. This performance reflects a stronger order book, improved on-ground execution, and the operationalisation of the second tower manufacturing unit at Nashik. The company continues to see a healthy pipeline with expanding opportunities in the transmission and distribution space”

Jyoti Structures Limited (JSL) is an Indian company that takes on large power transmission projects, including high-voltage lines, substations, and distribution networks, both within India and internationally. They manage every stage, from designing and manufacturing transmission towers to installing them and ensuring everything functions smoothly. To date, they have executed projects in more than 50 countries.

Over the years, they have constructed more than 31,000 kilometres of transmission lines and delivered over 1,800 high-voltage substation bays, covering voltages from 11 kV up to 765 kV. The company has helped bring electricity to over 37,500 villages, produced 1.5 million metric tons of transmission towers, and tested more than 490 towers up to 1200 kV. All of this demonstrates their extensive capabilities and the engineering expertise they offer.

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