Financial Results for the quarter ended 30th June, 2025
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Josts Engineering reported a sharp year-on-year decline in Q1 FY26 performance. Standalone revenue from operations fell to ₹3,961 lakhs from ₹5,236 lakhs in Q1 FY25, a drop of about 24%. Standalone profit after tax fell to ₹60 lakhs from ₹357 lakhs, down roughly 83%, with EPS dropping to ₹0.60 from ₹7.30. On a consolidated basis, revenue was nearly flat at ₹5,561 lakhs (vs ₹5,644 lakhs), but profit after tax plunged to ₹32 lakhs from ₹364 lakhs. The Material Handling segment was the main drag, with standalone segment revenue falling from ₹2,260 lakhs to ₹1,549 lakhs. The Board also approved the transfer of shares in wholly owned subsidiary Josts Foundation to the promoter group at par, appointed a new cost auditor and a new secretarial auditor for five years, and constituted a Land Monetisation Committee for its Thane land. The statutory auditor (Shah Gupta & Co.) issued an unqualified review report.
Sharp year-on-year profit erosion, especially in the Material Handling segment, is a negative signal for near-term earnings, though the clean audit and ongoing cost actions (land monetisation, auditor refresh) are neutral-to-positive. Shareholders may be concerned about declining profitability, while the proposed dividend (book closure Sep 23–29) suggests the company is still committed to returning cash.