Jash Engineering544402Quarterly results

Board approves Q2 and H1 results; auditor's limited review conclusion unmodified

Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026; Deloitte Haskins & Sells LLP's limited review conclusion is unmodified for both.

By ScoutQuest · Wed 4 Nov 2026, 3:37 PM IST · 3 min read

Consolidated · ₹ lakh · EPS in ₹
Line item	Latest	Year ago	YoY	Prev qtr	QoQ
Revenue from operations	19,251.41	15,753.87	+22.2%	14,987.89	+28.4%
Total income	19,493.60	15,958.66	+22.2%	15,598.99	+25%
Profit before tax	1,865.11	1,408.81	+32.4%	654.71	+185%
Profit after tax	1,453.96	1,096.72	+32.6%	508.92	+186%
Total comprehensive income	1,558.18	1,511.92	+3.1%	825.01	+88.9%
Basic EPS	2.30	1.75	+31.4%	0.81	+184%

Total income: Latest 19,493.60; Year ago 15,958.66 (+22.2%); Prev qtr 15,598.99 (+25%)
Profit after tax: Latest 1,453.96; Year ago 1,096.72 (+32.6%); Prev qtr 508.92 (+186%)
Period: 30 September 2026

Auditor's review

Conclusion: Unmodified

Notes to the results

Waterfront Fluid Controls Limited UK acquired 100% of Penstocks (UK) Limited for INR 677.52 lakhs (GBP 5,50,000), a wholly owned subsidiary w.e.f. 2 April 2026; PPA under determination.
Current quarter figures include Penstocks (UK) Limited and Jash Process Equipment Private Limited and hence are not comparable with previous periods.
Loan of GBP 1,000,000 (INR 1282.78 Lakhs) plus interest GBP 81,422 to Waterfront converted to equity on 31 July 2026; holding up from 80.0% to 97.32%, RBI approval pending.

Board meeting outcome

The board of Jash Engineering met on 4 November 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the auditors' limited review reports.

Auditor's review conclusion

Deloitte Haskins & Sells LLP carried out a limited review of both the standalone and the consolidated statements.
The conclusion is unmodified for both: nothing came to the auditors' attention that causes them to believe the statements were not prepared in accordance with the prescribed accounting standards, or that they contain a material misstatement.
The consolidated review notes that the interim financial information of three subsidiaries was reviewed by other auditors, and that of two subsidiaries and a joint venture was not reviewed by their auditors; the conclusion is not modified on this account.

How the quarter looked

Standalone 'Revenue from operations' was Rs 12,048.42 lakhs, broadly in line with the same quarter a year earlier.
Standalone 'Profit for the period' was Rs 1,253.62 lakhs, lower than the same quarter a year earlier.
Consolidated 'Revenue from operations' was Rs 19,251.41 lakhs, higher than the year-ago quarter.
Consolidated 'Profit for the period' was Rs 1,453.96 lakhs, also higher than the year-ago quarter.

The half year

Consolidated 'Profit for the period' for the six months was Rs 1,962.88 lakhs, against Rs 579.66 lakhs in the half year ended 30 September 2025.
The same unmodified limited review conclusion applies to the half-year figures.

Other decisions and disclosures

Waterfront Fluid Controls Ltd: the loan given by the company to this UK subsidiary, together with the interest accrued on it, aggregating INR 1387.23 Lakhs, was converted into equity shares on 31 July 2026 through a rights issue that only the company subscribed to. The company's holding in Waterfront rose to 97.32%. Approval from the Reserve Bank of India for the conversion is being obtained.
Saudi Arabia: Rodney Hunt Mahr Industries has been formed and the commercial registration certificate obtained. The company plans to apply for industrial land in the Dammam 3 Industrial Area, and construction is to begin once the land is allotted. No equity share capital had been subscribed in that entity as of 30 September 2026.
Merger: Shipvad Engineers Private Limited, a wholly owned subsidiary, was amalgamated into the company with effect from 26 February 2026 and an appointed date of 1 April 2024. Earlier period figures have been restated to reflect this.

What a retail investor can take away

Read the two sets of numbers separately: the standalone business was roughly flat on revenue with a lower quarterly profit, while the consolidated business, which includes the subsidiaries, reported higher revenue and profit for the quarter and a sharp jump in half-year profit.
The Waterfront loan conversion moves a loan into equity in the subsidiary and raises the parent's stake; the merger means earlier figures were restated, so period-on-period comparisons are on that restated basis.
The unmodified review conclusion from the statutory auditor is the main assurance point in this update. Reliance on other auditors for part of the consolidated numbers is disclosed and does not change that conclusion.

1,962.88 lakhs×3.39

Half year ended 30 September 2025579.66 lakhsHalf year ended 30 September 20261,962.88 lakhs

Consolidated Profit for the period: 579.66 lakhs (Half year ended 30 September 2025) and 1,962.88 lakhs (Half year ended 30 September 2026).

1,962.88 lakhsConsolidated Profit for the period

Profit after tax, latest quarter1,453.96 (INR in lakhs)

Profit after tax, quarter508.92 (INR in lakhs)

Consolidated Profit for the period 1,962.88 lakhs: Profit after tax, latest quarter 1,453.96 (INR in lakhs), Profit after tax, quarter 508.92 (INR in lakhs).

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