This Material Handling Mulibagger Company Bags Rs 16 Crore Contract With 10-Month Execution Timeline Through Joint Venture
On a year-to-date basis, the stock is down by 12 per cent while in last one month it has gained 32 per cent. On the longer term of 3 year period it has given multibagger 413 per cent returns.
Josts Engineering Company Limited has announced that it has received a Letter of Award (LOA) from Rajasthan Rajya Vidyut Prasaran Nigam Limited. This announcement was made on April 25, 2025. The project involves construction work of 35 Nos. 33 KV RDSS Bays along with 8 Nos. with 33 KV Bus Extension at various Grid Sub Stations (GSS) under three Transmission & Construction (T & C) circles. The project will be executed on a turnkey basis.
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The total contract value is Rs 16,00,99,089.56, inclusive of GST and all taxes. The contract will be executed through a 50:50 joint venture between Jost's Engineering Company Limited and Kay Cee Energy & Infra Limited. The work is to be completed within 10 months from the date of issue of the letter of acceptance.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 51.273 crore, reflecting a YoY growth of 10.56 per cent compared to Rs 46.377 crore in December 2023. The operating profit stood at Rs 6.47 crore, marking a 1.71 per cent increase from Rs 6.36 crore in the same quarter last year. However, the profit after tax (PAT) declined by 7.82 per cent to Rs 3.17 crore from Rs 3.43 crore in December 2023. In FY24, the company posted a revenue of Rs 1,83.05 crore, registering a 10.55 per cent growth compared to Rs 165.58 crore in FY23. The net profit for the year stood at Rs 13.06 crore, up 21.84 per cent from Rs 10.72 crore in the previous financial year.
Josts Engineering Company Limited is a diversified technology company that was established in 1907. The company is involved in providing various technological solutions and has its registered office at Great Social Building, 60 Sir Phirozeshah Mehta Road, Mumbai. On a year-to-date basis, the stock is down by 12 per cent while in last one month it has gained 32 per cent. On the longer term of 3 year period it has given multibagger 413 per cent returns.
Investors should keep eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice