GUJARAT, INDIA -- Jyoti CNC Automation expects sales to electronics manufacturing services customers to rise to 25% of its business next year, up from 12.5% in the third quarter of the current fiscal year.

Fiscal third quarter consolidated revenue rose 58% year-over-year to ₹3.58 billion ($43 million). The company swung to a net profit of ₹480 million, up from a net loss of ₹250 million a year ago.

Jyoti CNC, which makes drill-tapping equipment, said its aerospace and defense segments currently make up more than 50% of its bookings, while and automotive and related components were about one-fourth.

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