With reference to the captioned subject and in compliance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find ....
COCKERILL · price
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John Cockerill India posted Q1 FY26 revenue from operations of ₹8,211.77 lakhs, down about 12% from ₹9,328.67 lakhs in Q1 FY25, though up roughly 7.5% sequentially from ₹7,642.43 lakhs in Q4 FY25. For the half-year, revenue fell sharply to ₹15,854.20 lakhs versus ₹24,035.05 lakhs in H1 FY25, a decline of around 34%. The company swung back to profit at the PBT level of ₹231.69 lakhs in Q1 FY26, after a loss of ₹102 lakhs in the preceding quarter, with net profit of ₹171.92 lakhs (EPS of ₹3.48). However, H1 FY26 net profit of ₹97.31 lakhs was nearly 73% lower than ₹358.96 lakhs in H1 FY25. Operating cash flow for H1 FY26 was healthy and positive at ₹5,317.31 lakhs. The statutory auditor S R B C & Co. LLP issued a clean limited review report with no qualifications or emphasis of matter.
Sharp year-on-year revenue and profit decline reflects weak project execution and lower order inflows, but sequential recovery and positive operating cash flow suggest the worst may be behind. Near-term stock sentiment may stay cautious given the steep H1 profit fall, though the clean auditor report and return to profitability in Q1 provide some comfort.