The Board of Directors at its meeting held on November 4, 2025 have approved the Unaudited Financial Results of the Company for the quarter and nine months ended September 30, 2025. These ....
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John Cockerill India Limited's Board approved unaudited financial results for the quarter and nine months ended September 30, 2025 on November 4, 2025. Order intake in Q3 jumped nearly tenfold from Q1 levels to INR 5,861 million, driven by wins with JSW, Tata Steel, and Godawari Power & Ispat, pushing the order backlog from INR 6,388 million to INR 11,291 million. Revenue growth accelerated from 7.45% in Q2 to 18.10% in Q3, while EBITDA rose 13% sequentially to INR 120 million and cash position nearly doubled from INR 742 million in Q1 to INR 1,472 million in Q3. Separately, the Board approved acquisition of 100% equity in John Cockerill Metals International SA (Belgium) from its parent John Cockerill SA for up to EUR 50 million, with a 5-year interest-free deferred payment facility, subject to shareholder approval.
Strong operational momentum with rising orders, backlog, revenue, EBITDA, and cash signals a sustained turnaround and improved earnings visibility into FY2026. The proposed acquisition of the Belgian parent subsidiary, if approved, would make it a wholly owned subsidiary and consolidate global Metals activities under the Indian listed entity, which could be value-accretive but also introduces related-party transaction and integration risks for shareholders.