The Board of Directors at its meeting held today i.e on July 29, 2025 have approved the Unaudited Financial Results of the Company for the quarter and six months ended June 30, 2025. These ....
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The Board of John Cockerill India approved its unaudited financial results for Q1 FY2026 and H1 FY2026 on July 29, 2025. Revenue from operations for H1 FY2026 stood at INR 158.54 crore, with a modest profit of INR 0.58 crore, reflecting the early impact of a turnaround plan. The company highlighted that EBITDA turned positive in Q2 FY2026, gross margins improved due to better execution and growth in aftermarket Value Services, and cash position strengthened on better receivables collection. Order book was over INR 680.8 crore as of December 2024, though new order intake was modest due to project delays in the steel sector. Leadership changed with Frederic (Fred) Martin replacing Michael Kotas as Managing Director.
The results signal a gradual turnaround with profitability and positive EBITDA in Q2, though absolute numbers remain small. Shareholders should view this as early-stage recovery rather than strong growth, with execution risk still present given the modest order intake.