Synopsis: Josts Engineering Company Ltd shares surged 13% after approving the sale of a 50% stake in its JV and plans to set up a wholly owned subsidiary, signaling strategic restructuring and future growth expansion.
The shares of this India-based engineering solutions provider engaged in material handling equipment, engineered products, and industrial solutions are now in the spotlight after it rose by 13% in today’s market session following the approval for divesting 50% of its equity stake in its joint venture.
With a market capitalisation of Rs. 265 cr, the shares of Josts Engineering Company Ltd were trading at Rs. 224.50 per share, increasing 13% in today’s market session, making a high of Rs. 232.90, up from its previous close of Rs. 206.80 per share. The stock has remained under pressure, declining 38% over the past year, with losses of 23% year-to-date, 39% in the last six months, and 11% over the past month.
News
The Board of Directors of the company, in its meeting held on 24th March 2026, considered and approved several key decisions. One of the major developments was the approval for divesting 50% of its equity stake in its joint venture, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), to Kay Cee Energy & Infra Limited.
The transaction will be executed at a fair market value of Rs. 4.124 per share, and upon completion expected within one month, SRESPL will cease to be a joint venture of the company.
The Board also approved the incorporation of a wholly owned subsidiary in India. This new entity, proposed to be named Josts Techno Solutions Pvt Ltd or Josts Tech Services Pvt Ltd which is subject to approval, will operate in the engineered products and services sector.
The subsidiary will be established with an authorized share capital of Rs. 1,00,000, fully owned by the company, and funded through cash consideration. The move is aimed at leveraging future growth opportunities.
Josts Engineering Company Ltd is an India-based engineering solutions provider engaged in material handling equipment, engineered products, and industrial solutions. The company offers products like pallet trucks, stackers, and hydraulic equipment, along with after-sales services. It serves diverse sectors including manufacturing, logistics, and infrastructure, focusing on quality engineering and customised solutions.
It reported strong revenue growth in Q3FY26, with sales rising to Rs. 78.2 crore from Rs. 52.0 crore, up 50% YoY. However, EBITDA declined to Rs. 6.64 crore from Rs. 7.72 crore, down 14.0%, while net profit fell sharply to Rs. 1.16 crore from Rs. 4.16 crore, a drop of 72%. EPS also decreased to Rs. 0.98 from Rs. 3.53, reflecting a 72.2% decline, indicating margin pressure despite higher sales.
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