Press Release on the Financial Results of the Company for the quarter ended 30th June, 2025
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Josts Engineering reported a sharp decline in Q1 FY25-26 results. Standalone revenue fell 24% to Rs. 3,961 lacs, EBITDA dropped 53% to Rs. 252 lacs, and PAT plunged 84% to Rs. 60 lacs. Consolidated revenue was nearly flat (down 1% to Rs. 5,561 lacs), but consolidated PAT fell 91% to Rs. 33 lacs. The company attributed the weakness to postponement of sales caused by European export license delays and site readiness issues. On the positive side, service revenues grew 36% to Rs. 865 lacs, the subsidiary JECL Engineering started commercial production at its new Murbad facility (2,100 units annual capacity) from April 2025, and order book stands strong at Rs. 21,941 lacs. A Land Monetisation Committee has been set up to explore options for the Thane leasehold land.
This is a weak quarter with earnings dropping sharply across both standalone and consolidated numbers, likely to weigh negatively on the stock in the near term. However, the strong Rs. 22 crore order book, growing service business, new subsidiary capacity, and potential land monetisation provide forward-looking positives that may support recovery in coming quarters.