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.

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