Josts Engineering Company reported a consolidated net profit of ₹2.40 crore for the quarter ended June 30, 2026 (Q1FY27), a significant increase from the ₹33 lakh net profit recorded in Q1FY26. Standalone net profit rose to ₹2.52 crore from ₹60 lakh in the corresponding period last year. The company’s consolidated revenue from operations was ₹51.96 crore, while standalone revenue stood at ₹48.94 crore.

The Board of Directors approved the unaudited financial results on July 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors M/s. Shah Gupta & Co., Chartered Accountants. The Board also convened the 119th Annual General Meeting (AGM) for September 18, 2026, via Video Conferencing or Other Audio-Visual Means.

Key Financial Metrics

Consolidated total income reached ₹53.48 crore, driven by other income of ₹1.52 crore alongside operational revenue. Total expenses amounted to ₹49.53 crore. In the standalone results, total income was ₹50.46 crore against total expenses of ₹46.39 crore. Basic earnings per share increased to ₹2.03 on a consolidated basis and ₹2.13 on a standalone basis, compared to ₹0.32 and ₹0.60 respectively in the prior year period.

Segment Performance

The company operates across three segments: Material Handling, Engineered Products, and MHE Rentals. Engineered Products remained the primary contributor to segment profits, generating ₹5.03 crore before tax and interest, up from ₹4.15 crore in Q1FY26. Material Handling reported a segment loss of ₹63 lakh, compared to a loss of ₹43 lakh in the previous year. MHE Rentals posted a marginal profit of ₹7 lakh.

Corporate Governance and AGM Details

The Board approved the re-appointment of Jai Prakash Agarwal as Executive Chairman and Whole Time Director for a five-year term commencing April 1, 2027. Additionally, Vishal Jain was re-appointed as Managing Director and Chief Executive Officer for a five-year term starting October 4, 2026. Both appointments are subject to shareholder approval.

The record date for the upcoming AGM and dividend entitlement, if declared, is fixed for September 11, 2026. The Register of Members and Share Transfer Books will remain closed from September 12, 2026, to September 18, 2026. Shareholders must hold shares as of the record date to exercise voting rights electronically.

What the Numbers Show

The sharp rise in net profit is primarily attributable to improved operational efficiency in the Engineered Products segment, which offset losses in Material Handling. The absence of exceptional items in the current quarter, unlike the prior year which included gains from discontinued operations and subsidiary sales, indicates that the reported profit is driven by core business activities. The consolidation of subsidiaries MHE Rentals India Private Limited and Josts Engineering Inc contributed ₹30.25 lakh in revenue but incurred a net loss of ₹24 lakh during the quarter.

Josts Engineering Company accepted the resignation of Mrs. Vidya Sandesh Sakpal from the position of HOD-HR, IR & Admin, effective from the close of business hours on June 30, 2026. The resignation was submitted due to personal reasons and impacts a designated Senior Management Personnel as per Regulation 16(1)(d) of the SEBI Listing Regulations.

The disclosure was made to BSE Ltd pursuant to Regulation 30 read with sub-paragraphs 7C of Paragraph A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company's policy on the determination of materiality for the disclosure of events or information guided the reporting of this change.

Details of Resignation

The following table outlines the specific details regarding the cessation of the senior management personnel:

The resignation letter was addressed to Mr. Jai Prakash Agarwal, Chairman and Whole Time Director. Babita Kumari, Company Secretary, confirmed the acceptance of the resignation on behalf of Josts Engineering Company Limited.