Josts Engineering Company Limited , a diversified engineering firm, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, along with the completion of a significant rights issue.

Financial Performance

The company reported mixed results for Q2 FY26:

The standalone revenue for Q2 FY26 showed a significant decrease compared to the previous quarter. However, the consolidated revenue remained relatively stable quarter-on-quarter, with a slight decline year-on-year.

Rights Issue

Josts Engineering successfully completed a rights issue, raising ₹49.89 crore through the allotment of 1,847,913 equity shares. The shares were issued at ₹270 per share, including a premium of ₹269, in a ratio of 5:27 to existing shareholders. The proceeds are allocated as follows:

• Working capital requirements: ₹43.83 crore
• General corporate purposes: ₹5.51 crore
• Issue expenses: ₹0.80 crore

Segment Performance

The company operates through three segments:

1. Material Handling
2. Engineered Products
3. MHE Rentals

For Q2 FY26, the segment-wise revenue breakdown was:

• Material Handling: ₹2,554 lakhs
• Engineered Products: ₹2,482 lakhs
• MHE Rentals: ₹338 lakhs

Corporate Update

The Board noted that Josts Foundation ceased to be a wholly-owned subsidiary following a share transfer on October 8, 2025. This change in the corporate structure may impact the company's future consolidated results.

Utilization of Rights Issue Proceeds

As of September 30, 2025, the company has utilized ₹18.30 crore of the rights issue proceeds:

• Working capital requirements: ₹17.86 crore
• Issue-related expenses: ₹0.44 crore

Josts Engineering's mixed Q2 results and the successful completion of its rights issue reflect the company's efforts to strengthen its financial position. The allocation of funds towards working capital and corporate purposes indicates a focus on operational efficiency and potential growth initiatives.

Josts Engineering Company , a prominent player in the engineering solutions sector, has announced a significant business development that could boost its revenue and market position.

Order Details

The company has secured a purchase order worth Rs. 36,400,120.80 from Google IT Services India Private Limited. The order is for an NVH (Noise, Vibration, and Harshness) Instruments Solution Package & Accessories, showcasing Josts Engineering Company's expertise in precision engineering and testing equipment.

Financial Implications

Timeline

This order represents a notable achievement for Josts Engineering Company, potentially strengthening its relationship with a global tech giant and demonstrating its capabilities in providing high-quality engineering solutions.

Market Disclosure

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Josts Engineering Company promptly informed the BSE about this development. The company's secretary, Babita Kumari, filed the official intimation on September 30, 2025, the same day the order was received.

Industry Implications

This deal between Josts Engineering Company and Google IT Services India underscores the growing demand for sophisticated testing and measurement solutions in the tech industry. It also highlights the increasing focus on noise, vibration, and harshness testing in product development, particularly in the IT sector.

For Josts Engineering Company, this order could potentially open doors to more collaborations with other tech companies and reinforce its position in the specialized engineering solutions market.

Investors and market watchers will likely keep a close eye on how this order impacts Josts Engineering Company's financial performance in the coming quarters, especially as the delivery date approaches in early 2026.