Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (the "SEBI Listing Regulations"), as applicable, we wish to inform that ....
COCKERILL · price
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John Cockerill India reported a strong Q2 FY26 turnaround, with revenue from operations rising about 27.6% year-on-year to Rs 9,698 lakhs and net profit of Rs 892 lakhs against a loss of Rs 750 lakhs in Q2 FY25. For the nine months ended September 2025, revenue fell about 19% to Rs 25,553 lakhs, but the company swung to a net profit of Rs 989 lakhs from a Rs 391 lakh loss a year ago. The board approved acquiring 100% of John Cockerill Metals International SA (Belgium) from its parent John Cockerill SA for up to 50 million euros, making it a wholly owned subsidiary subject to shareholder and other approvals. The board also deliberated on possible fund-raising options and approved a postal ballot covering related-party approval for the acquisition, higher investment/loan limits, and enhanced borrowing and charge-creating powers.
The acquisition is a sizeable related-party deal (up to ~Rs 470+ crore) that can reshape the company's global metals footprint but increases funding needs, which is why the board is also exploring capital raising and seeking higher borrowing limits. Near-term, the sharp swing back to profit and revenue growth in Q2 is a positive signal for shareholders, though the nine-month revenue decline and pending shareholder vote on the RPT keep the stock sensitive to deal-related news.