Josts Engineering Company Ltd Reports Q1 FY25-26 Financial Results: Revenue Down by 24%, PAT Decreased by 84%

Josts Engineering Company Ltd has announced its financial results for Q1 FY25-26. The standalone financial highlights show a decrease in revenue by 24% and a decrease in PAT by 84%. The consolidated financial highlights also show a decrease in revenue and PAT by 1% and 91% respectively. The decrease is attributed to the postponement of sales due to European export license delay and site readiness delay. The company's technical services and spares sales have increased by 36% on a Y-o-Y basis. The company is also focusing on monetizing its Thane factory leasehold land and has commenced commercial production at JECL Engineering Limited's new Greenfield manufacturing facility.