Appointment of Senior management Personnel
COCKERILL · price
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John Cockerill India's board, meeting on February 26, 2026, approved audited results for the quarter and financial year ended December 31, 2025. Revenue from operations for FY2025 stood at Rs. 357.59 crores (down from Rs. 388.73 crores in FY2024), while the company returned to profit with a net profit of Rs. 10.31 crores versus a loss of Rs. 5.38 crores in the prior year. Q4 FY2025 revenue was Rs. 102.07 crores with a net profit of Rs. 0.42 crores. The board recommended a final dividend of Rs. 7 per share (70%), with March 6, 2026 as the record date, resuming dividends after skipping them last year. The company appointed Mr. Pierre Pascal T Dosogne as Senior Management Personnel (HR Business Partner – Metals), PwC Services LLP as the new internal auditor for FY2026, and re-appointed M/s. Kishore Bhatia & Associates as cost auditors. The company also acquired 100% of John Cockerill Metals International SA, Belgium, from its parent for Euro 29.87 million (~Rs. 316 crores), and disclosed an arbitration notice from a customer (Santander) regarding a Cold Rolling Mill dispute.
Positive signals for shareholders: return to profitability, resumption of dividend after a gap, and a much stronger cash position (Rs. 226.50 crores vs Rs. 62.53 crores). However, full-year revenue declined and the results include a one-time exceptional charge of Rs. 11.41 crores due to revised labour codes, plus an ongoing customer arbitration that could create future uncertainty.