Press Release on Financial Results for the quarter and financial year ended March 31, 2026
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Josts Engineering reported standalone revenue of Rs. 20,217 lakhs (down from Rs. 21,931 lakhs in FY25) and standalone PBT before exceptional items of Rs. 479 lakhs (down sharply from Rs. 2,220 lakhs), indicating significant margin pressure in core operations. However, an exceptional gain of Rs. 3,241 lakhs (mainly from the JECL divestment) boosted standalone PAT to Rs. 3,042 lakhs versus Rs. 1,608 lakhs in the prior year. Consolidated PAT stood at Rs. 3,338 lakhs. The company declared a total dividend of Rs. 5 per share (500%), combining a regular final dividend of Rs. 1.25 and a special dividend of Rs. 3.75. Key strategic actions include the sale of its wholly owned subsidiary JECL Engineering (including Material Handling Division, which contributed Rs. 9,934 lakhs in turnover) and Board approval to develop a 6,921 sqm Thane land parcel into an IT-ITES Business Park with an estimated GDV of Rs. 700 crores. The EPD division has order-in-hand of Rs. 15,415 lakhs and targets 15-20% service revenue growth for FY27.
The exceptional gains and special dividend provide short-term shareholder reward, but the sharp decline in operating profitability before exceptional items raises concerns about underlying business strength. The JECL divestment reduces future revenue scale, while the Thane land development project offers a potentially significant long-term value unlock if approvals proceed as planned.