Annual General Meeting of the Company is scheduled on 29th September, 2025
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Awaiting price reaction for this filing.
Jost's Engineering reported weak Q1 FY26 (quarter ended June 30, 2025) results alongside several board decisions. Standalone revenue from operations fell about 24% YoY to ₹3,961 lakhs (vs ₹5,236 lakhs), while standalone profit after tax dropped roughly 83% to ₹60 lakhs (vs ₹357 lakhs). Consolidated revenue held nearly flat at ₹5,561 lakhs, but consolidated PAT plunged around 91% YoY to ₹32 lakhs. The Material Handling segment swung to a loss of ₹43 lakhs in consolidated results. The board also approved a new Cost Auditor (M/s R.R. Ahirwar & Associates) and a new Secretarial Auditor (M/s Anubhuti Akshay & Associates) for five years, fixed the 118th AGM for September 29, 2025 (with record book closure for dividend from September 23-29, 2025), and approved transferring its entire stake in wholly owned subsidiary Josts Foundation to promoter group members at par, classified as a related-party transaction.
The sharp YoY drop in both standalone revenue and profits across both segments signals weak operating momentum and is likely to weigh negatively on the stock. The promoter-group purchase of Josts Foundation shares is a related-party transaction at par, and investors should watch the planned monetisation of the Thane land as a potential value trigger.