Pursuant to Regulation 30 and 46(2) of SEBI LODR Regulations, 2015 and in continuation of our intimation dated May 19, 2026, please find attached Transcript of the audio call recording ....
COCKERILL · price
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John Cockerill India reported Q1 CY26 results with standalone revenue of INR2,000 million (up 162% YoY) and consolidated revenue of INR3.4 billion (up 56% YoY). The consolidated order book stands at INR33 billion with standalone order book at INR13 billion (up 101% YoY), including a major JSW Steel CGL order worth INR4.4-4.7 billion. Management cited upfront hiring costs, organizational realignment, and product mix shift toward large projects as near-term margin pressures. Consolidated EBITDA margin was 1.4%. The company is consolidating global metals business under JCIL with India as the execution hub. Management guided for margin improvement from next quarter and targets over 10% EBITDA margin within 3 years. Key growth areas include India steel market, JVD technology, and Volteron for green steel.
Near-term margin pressure expected to ease as large orders execute and cost structure shifts from West to East. The strong order book provides revenue visibility, but shareholders should watch for margin trajectory improvement in coming quarters as integration benefits materialize.