Jash Engineering Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Jash Engineering's Q2 and H1 FY26 revenue grew 12% YoY, but profits declined due to US tariffs and low-margin projects. H1 revenue was INR 293 Cr, with full-year PAT projected at INR 75-85 Cr. A strong H2 is expected (INR 530 Cr revenue). The consolidated order book is robust at INR 890 Cr.

Management is diversifying markets and products, acquiring Penstock UK and WesTech for industrial process equipment, and planning capex in India, the US, and Saudi Arabia. Despite tariff challenges, the company remains confident in achieving INR 1000 Cr revenue by FY27 and maintaining 12-14% PAT margins through strategic, profitable growth.