Jost's Engineering Company Limited has successfully conducted its rescheduled board meeting on February 5, 2026, announcing Q3FY26 financial results and approving a major subsidiary divestment worth ₹73 crores. The meeting, originally postponed from January 31, 2026, addressed significant corporate developments including the sale of its material subsidiary.

Q3FY26 Financial Performance

The company reported standalone financial results for the quarter and nine months ended December 31, 2025. The quarterly performance showed mixed results across different business segments.

Segment-wise Revenue Performance

The company's business segments showed varied performance during the quarter, with Engineered Products contributing significantly to overall revenue.

Major Subsidiary Sale Transaction

The board approved the sale of 100% shareholding and assets in material subsidiary JECL Engineering Limited to Mr. Rahul Dhoot for ₹73 crores, subject to shareholder approval through postal ballot.

Consolidated Financial Results

The consolidated results, including subsidiaries, showed total revenue of ₹7,822 lakhs for Q3FY26 compared to ₹5,205 lakhs in Q3FY25. Net profit after tax stood at ₹116 lakhs for the quarter.

Exceptional Items and Labour Code Impact

The company recognized exceptional items of ₹261 lakhs in Q3FY26, primarily due to the implementation of Labour Codes notified by the Government of India on November 21, 2025. This resulted in increased provision for defined benefit obligations, impacting the quarterly results.

Committee Reconstitution

The board approved reconstitution of key committees with immediate effect. The Share Transfer Committee now comprises Mr. Sanjiv Swarup as Chairman, Mrs. Rekha Bagry as Member, and Mr. Jai Prakash Agarwal as Member. The Land Monetisation Committee was reconstituted with Mr. Sanjiv Swarup as Chairman and Mr. Jai Prakash Agarwal as Member.

Josts Engineering Company Limited , a prominent player in material handling and engineering products, has announced its financial results for the second quarter and first half of fiscal year 2025-26, revealing a notable downturn across key financial metrics.

Q2 FY25-26 Performance

The company's standalone performance for Q2 FY25-26 showed a significant decline compared to the same period last year:

On a consolidated basis, the company's Q2 results also reflected a downward trend:

H1 FY25-26 Performance

The half-yearly results for FY25-26 similarly showed a decline in financial performance:

Factors Influencing Performance

The company attributed the decline in revenue primarily to the postponement of some orders to the next quarter. This delay subsequently impacted EBITDA and overall profitability.

Technical Services Performance

Despite the overall decline, Josts Engineering's technical services segment showed resilience. The company's service revenues at the consolidated level increased from Rs. 1,753 lakhs to Rs. 1,840 lakhs, marking a modest 5% year-on-year growth.

Management Commentary

Chairman Jai Prakash Agarwal acknowledged the soft performance in Q2 and H1 but expressed optimism for the second half of FY25-26. He stated, "Considering our Orders in hand as on 30-09-2025 is of Rs 21,274 lacs and strong funnel, we expect to do better in H2 of FY 25-26."

Company Overview

Josts Engineering Company Limited, established in 1907, operates in the manufacturing and trading of material handling and engineering products. The company maintains a strong presence across various sectors including infrastructure, defense, automotive, logistics, FMCG, pharma, aerospace, power, and railways.

As Josts Engineering navigates through these challenging times, the management remains focused on execution, operational efficiency, and building sustainable growth. The company's diverse sector presence and its order book of Rs. 21,274 lacs may provide some cushion against the current headwinds, but the coming quarters will be crucial in determining the effectiveness of its strategy to reverse the downward trend.