Jash Engineering reported Q1 FY26 consolidated revenue up to Rs.133 Cr from Rs.116 Cr YoY, but PAT declined due to US tariff uncertainty on existing orders and increased costs at Rodney Hunt for future expansion. The consolidated order book remains strong at Rs.875 Cr. Management is preponing a Houston plant and undertaking acquisitions (WesTech, UK firm) to mitigate tariff risks and expand globally. Full-year revenue guidance of Rs.860 Cr+ is maintained, with PAT between Rs.80-110 Cr, subject to tariff stability. Diversified revenue streams and a focus on strategic growth remain key. Q1 is historically challenging.