Pursuant to Regulation 30 & 33 of SEBI (Listing Obligation and Disclosure requirements) Regulations 2015, the Board of Directors in their meeting held on Today, November 4, 2025, has inter-alia ....
COCKERILL · price
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John Cockerill India reported Q2 FY26 revenue from operations of Rs 96.98 crore, up about 28% year-on-year from Rs 76.04 crore, with a net profit of Rs 8.92 crore versus a loss of Rs 7.50 crore in Q2 FY25. For the nine months ended September 2025, however, revenue declined around 19% YoY to Rs 255.53 crore, though the company swung back to a Rs 9.89 crore profit from a Rs 3.91 crore loss a year ago. The Board also approved acquiring the entire equity of John Cockerill Metals International SA, Belgium, from its parent John Cockerill SA for up to Euro 50 million, making it a wholly owned subsidiary, and began deliberating on potential fund-raising options. A Postal Ballot was cleared to seek shareholder nods for this related-party acquisition, higher investment/loan limits, and enhanced borrowing and security-creation powers under the Companies Act. The auditor (S R B C & Co LLP) issued a clean limited review report with no qualifications.
The strong Q2 rebound and return to profitability are positive for sentiment, but nine-month revenue is still lower YoY, indicating project-mix volatility. The Belgium acquisition, partly debt-funded, expands the metals footprint globally but is a related-party deal needing shareholder approval, and a fund-raise could lead to dilution or higher leverage depending on the route chosen.