Annual Report for the Financial year ended 31st March 2025 is submitted
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Josts Engineering Company Limited has submitted its 118th Annual Report for the financial year ended 31st March 2025. Total income grew to ₹21,931 lakhs from ₹17,553 lakhs in the previous year, a rise of nearly 25%. Profit after tax jumped to ₹1,608 lakhs (standalone) from ₹968 lakhs, while consolidated PAT reached ₹1,754 lakhs. Return on capital employed improved to 30% from 27%. The Board has recommended a dividend of ₹1.25 per share (125%). The company discontinued its in-house MHE manufacturing due to ageing factory issues and shifted it to its wholly owned subsidiary JECL Engineering, which set up a new greenfield plant at Murbad (capacity ~2,100 units per year). The company signed an exclusive distribution deal with 'Zowell' for reach trucks and articulated forklifts. A Rights Issue of up to ₹50 crore was approved, and a new joint venture (Suryavayu Renewable) and a CSR foundation (Josts Foundation) were established during the year.
Strong financial performance with double-digit revenue and profit growth, a generous 125% dividend, and ROCE improvement signals healthy shareholder value creation. The shift of MHE manufacturing to a subsidiary and the Rights Issue could dilute equity but fund working capital and growth, while the focus on EPD and distribution partnerships opens new growth avenues.