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.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..