Josts Engineering Posts FY26 Profit After Exceptional Gain

02 Jun 2026 CW Team

Josts Engineering Company reported audited standalone revenue for the year ended 31 March 2026 of Rs. 2,021.7 million (mn), down from Rs. 2,193.1 million in the prior year. Profit before exceptional items and tax fell to Rs. 47.9 mn from Rs. 222.0 million. The company recorded an exceptional gain of Rs. 324.1 million in the current year, versus Rs. 6.4 mn a year earlier, which materially influenced the reported profit after tax of Rs. 304.2 mn compared with Rs. 160.8 mn.

On a consolidated basis, revenue rose to Rs. 2,485.5 mn from Rs. 2,398.1 mn. Consolidated profit before exceptional items and tax narrowed to Rs. 47.7 mn from Rs. 240.2 mn, while exceptional gains aggregated Rs. 351.6 mn. Consolidated profit after tax amounted to Rs. 333.8 million compared with Rs. 172.1 million in the previous year. The board has recommended a final dividend of 125 per cent and a special dividend of 375 per cent, totalling 500 per cent, equivalent to Rs. 5.00 per share.

The company completed the divestment of its subsidiary JECL on 24 March 2026 and consolidated its results to that date. The material handling division, including JECL, reported turnover of Rs. 993.4 mn and profit before interest and tax of Rs. 10.2 mn for the year. The board approved a proposal to develop the Thane land into an IT-ITES business park with a gross development value of about Rs. 7 billion (bn). The transaction was described as intended to strengthen the balance sheet and sharpen focus on core engineering activities.

The engineering product division recorded service revenues of Rs. 121.9 mn against Rs. 118.4 mn in the prior year and the company operates nine branch offices, one technical support centre and two NABL-accredited laboratories. Order in hand in the division stood at Rs. 1,541.5 mn as of 31 March 2026. Management indicated plans to open two additional service centres and to target service revenue growth of between 15 and 20 per cent in the next financial year.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..