Jash Engineering has reported a consolidated unaudited revenue of approximately ₹736 crore for the fiscal year 2025-26. This figure falls short of the company’s earlier revised revenue projection of ₹775-800 crore, primarily due to tariff issues in the United States and geopolitical tensions in the Middle East, which disrupted shipping and container availability.
The revenue for FY 25-26 shows no growth compared to the consolidated audited revenue of ₹735 crore achieved in the previous fiscal year. Notably, orders worth approximately ₹35 crore, dispatched and invoiced in March 2026, were not recognised as revenue for FY 25-26 due to not meeting the Incoterms/delivery cut-off date of 31st March. These will now be included in the first quarter revenue of FY 26-27.
Looking ahead, Jash Engineering projects a consolidated sales revenue target of ₹875 crore for FY 26-27, representing a growth of approximately 19% over the FY 25-26 revenue. The company has factored in potential impacts from the ongoing geopolitical tensions and fluctuating oil prices, which may affect global project execution.
In March 2026, Jash Engineering received consolidated orders worth ₹57 crore, with ₹22 crore from the Indian market and ₹35 crore from international markets. Significant contributors to these orders include Llyods Metals-Hedri, Khiladi Infra, and Neercare India from India, and Napa floodwalls and Woodland fish passage from the USA.
As of 1st April 2026, the company’s total consolidated order book stands at ₹827 crore, with ₹255 crore for the Indian market and ₹572 crore for international markets. This includes orders from WesTech-India, acquired in February 2026. Orders for the USA market amount to ₹330 crore, while other significant markets include the UK, Austria, and the rest of the world.
Additionally, Jash Engineering has negotiated but not yet received orders worth ₹40 crore, with ₹10 crore for India and ₹30 crore for international projects. The company is also addressing the US tariff situation, with a Supreme Court ruling reducing the tariff to approximately 15% and ordering a refund of excess charges.
Due to the current geopolitical uncertainties, Jash Engineering has decided to defer investment plans for manufacturing facilities in the USA and Saudi Arabia until the situation stabilises.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.