John Cockerill India Limited — Q2 & 9M FY26 Financial Results Summary
Announcement Date: November 4, 2025

  • Revenue:

    • Q2 FY26: ₹9,698.35 lakhs, up 27.5% YoY (₹7,603.68 lakhs) and 18% QoQ (₹8,211.77 lakhs).
    • 9M FY26: ₹25,552.55 lakhs, down vs ₹31,638.73 lakhs in 9M FY25.

  • Profitability:

    • Q2 FY26 Net Profit: ₹891.97 lakhs vs loss of ₹749.70 lakhs in Q2 FY25.
    • 9M FY26 Net Profit: ₹989.28 lakhs vs loss of ₹390.74 lakhs in 9M FY25.
    • Q2 FY26 Basic and Diluted EPS: ₹18.06 vs (₹15.18) in Q2 FY25.

  • Margins:

    • Improved project margins and cost control contributed to return to profitability.
    • EBITDA and EBITDA margin not explicitly disclosed.

  • Balance Sheet / Capital:

    • Paid-up equity share capital steady at ₹493.78 lakhs.
    • No material changes in debt or cash reserves disclosed.

  • Management Commentary:

    • Business operates in a single segment: Original Equipment Manufacture and Project Management.
    • Quarterly results subject to fluctuations due to project size and complexity.
    • Board approved acquisition of 100% stake in John Cockerill Metals International SA, Belgium (newly incorporated entity, no turnover yet).
    • Acquisition consideration up to approx. €50 million, to be completed in two phases by end 2026.
    • Board evaluating multiple fund-raising options; no final decisions yet.
    • No changes in accounting policies reported.

  • Key Developments:

    • Acquisition aims to consolidate metals business globally under John Cockerill Metals International SA, which will become a wholly owned subsidiary post-acquisition.

  • Outlook:

    • No formal guidance provided.
    • Management highlights potential quarterly fluctuations due to project dynamics.

  • Audit:

    • Limited review by SR BC&CO LLP with unqualified opinion; no issues noted.

  • Reporting:

    • Results are standalone; consolidated financials pending post-acquisition.

Summary for Investment Analysis:
John Cockerill India Limited reported a strong Q2 FY26 with significant YoY revenue growth and a return to profitability after prior year losses. The company is undertaking a strategic acquisition of its parent’s metals business in Belgium, expected to expand its global footprint. Fund-raising plans are under consideration. Quarterly results may vary due to project-related factors. Consolidated results will be awaited to assess full impact of acquisition.

Full Result Extract | Original Filing