The Board of Directors at its meeting held today i.e. on May 13, 2025, have approved the Unaudited Financial Results of the Company for the quarter ended March 31, 2025. These Financial ....
COCKERILL · price
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John Cockerill India reported a net loss of INR 0.75 Cr for the year ended March 31, 2025, with revenue from operations at INR 76.42 Cr, reflecting a tough year hit by global steel price pressures, cheap imports, delayed project approvals, and the suspension of a major late-2023 order. New contracts worth INR 308.8 Cr were secured and the order book stood at over INR 680.8 Cr as of December 2024. The Chairman highlighted a clear turnaround in Q1 FY2025, with three consecutive quarters of improving EBITDA, EBITDA near breakeven, stronger gross margins, reduced overheads, purchasing savings, and a notably better cash position. Key project milestones were achieved with Tata Steel (Kalinganagar CAL, CGL progress), JSW Steel (Vasind CAL acceptance), AMNS India, Jindal (Colour Coating Line), and North America (Annealing and Pickling Line). The company is also pursuing organizational restructuring, MoUs with IIT Mumbai and SAIL, and cost-saving steps like renting out its Mehta House property.
While the full-year result is a small loss, the improving quarterly trajectory, strong order book, and visible cost discipline suggest a recovery story in motion; near-term sentiment is likely to stay cautious due to the loss, but improving cash and project execution provide a foundation for a stronger FY2025.