Approval of Un-audited Financial Results (Standalone & Consolidated) along with Limited Review Report for the quarter ended March 31, 2026
COCKERILL · price
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John Cockerill India Limited reported Q4 FY2026 standalone revenue of Rs 20,004.43 lakhs (vs Rs 7,642.43 lakhs in Q4 FY2025) and consolidated revenue of Rs 34,451.74 lakhs (vs Rs 22,090.02 lakhs), representing strong year-over-year growth. The company posted standalone net profit of Rs 700.68 lakhs and consolidated net profit of Rs 736.08 lakhs for the quarter. Notably, this is the first consolidated presentation following the acquisition of John Cockerill Metals International SA, Belgium from the holding company John Cockerill SA for Euro 29.67 million (Rs 34,646 lakhs), accounted as a common control business combination with restated comparative periods. An exceptional item of Rs 901.71 lakhs (net of Rs 239.15 reduction) was recognized due to revised estimates under new Indian Labour Codes. The Board also deliberated on fund-raising options but deferred the decision to a future meeting.
The strong revenue growth (approximately 56% YoY on consolidated basis) and positive PAT are positives for shareholders. However, the significant acquisition from a related party (holding company) increases exposure to metals business and foreign subsidiaries. The pending arbitration claim and delayed filing submission are minor concerns.