JYOTICNC Q3 FY26 Guidance vs Delivery (JYOTICNC Management Mirror)

Revenue Growth & Financial Outlook

FY27-28 Growth Targets: Management explicitly guided for FY27 revenue growth of 25-30%, with expectations to exceed 30% in FY28. This represents a specific multi-year quantification compared to the Sep'25 Qtr, where management aimed for a 30-35% trajectory annually for the next 2-3 years.

Near-Term Seasonality: Reaffirmed that Q4 remains the strongest quarter historically; this aligns with the Sep'25 and Jun'25 Qtrs, which consistently guided for a back-ended year (H2 stronger than H1) and peak execution in Q4.

EBITDA Margins: Reaffirmed guidance of 25-27% for the next two years. This is a slight refinement upward from the Jun'25 Qtr expectation of sustaining ~24.4% levels, and consistent with the positive trajectory cited in Sep'25 regarding gross margin improvements from in-house component development.

Cash Flow: Expects positive operating cash flows by year-end with a positive Q4 trajectory.