Outcome of Board Meeting_19.05.2026
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Josts Engineering Company Limited's Board approved the audited financial results for Q4 and FY 2025-26, declaring a total dividend of Rs. 5 per share (including Rs. 1.25 final dividend and Rs. 3.75 special dividend) subject to shareholder approval. Standalone profit after tax surged to Rs. 3,042 lakhs from Rs. 1,101 lakhs in the prior year, a growth of over 175%. Consolidated revenue grew marginally to Rs. 24,664 lakhs from Rs. 23,891 lakhs. The Board also approved appointment of P C Ghadiali & Co. LLP as internal auditor for FY 2026-27 and greenlit development of a Real Estate/IT-ITES Business Park on the company's Thane land. The statutory auditors issued an unmodified (clean) opinion on both standalone and consolidated results. The company also sold its entire stake in subsidiary JECL Engineering Limited in February 2026, recording a gain of Rs. 3,402 lakhs as an exceptional item.
Strong profit growth and generous dividend payout signal healthy financial performance and cash generation, which could positively influence investor sentiment. The clean audit opinion and new business park initiative add credibility and future growth potential respectively.