Pursuant to Regulation 33 of SEBI LODR Regulations, 2015, please find attached audited Financial Results for the quarter and year ended December 31, 2025.
COCKERILL · price
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John Cockerill India reported FY25 revenue from operations of ₹357.59 crores, down about 8% from ₹388.73 crores in FY24, hurt by project delays inherited from 2024. However, the company swung back to a net profit of ₹10.31 crores for FY25 compared to a loss of ₹6.38 crores in the prior year, marking a clear turnaround. Quarterly revenue grew consistently through the year, with Q4 FY25 at ₹102.07 crores versus ₹72.34 crores in Q4 FY24, reflecting stronger execution in the second half. Results include a one-time exceptional charge of ₹11.41 crores related to the revised Labour Code (gratuity and leave re-measurement). Operating cash flow improved sharply to ₹158.84 crores from a negative ₹63.11 crores, lifting cash and bank balances to ₹226.50 crores. The Board has recommended a dividend of ₹7 per share (70%), the first after a skipped payout last year.
The return to profitability, strong cash generation, and resumption of dividends signal a genuine recovery and should be viewed positively by shareholders, despite the lower top-line and the one-time exceptional charge. Investors should also note a pending arbitration notice from a customer (Santander) over a Cold Rolling Mill project, which is disclosed as a contingent matter, and a related-party acquisition of a Belgian subsidiary from the parent for ~€29.87 million, which could increase leverage going forward.