John Cockerill

John Cockerill India Limited reported significant improvement in quarterly results with order intake reaching INR 5.86 billion, nearly 10 times the first quarter figure. The company's order backlog almost doubled to over INR 11,000 million. Revenue growth accelerated from 7.5% in Q2 to over 18% in Q3, while EBITDA rose sequentially by 13% to approximately INR 120 million. Cash position more than doubled from INR 742 million in Q1 to over INR 1,470 million in Q3. The company secured major orders including GSW-GFE (INR 2,700 million), Tata Steel (INR 800 million), Godawari Power Ispat (INR 500 million), Jindal India (INR 400 million), and JSW Steel (INR 1,750 million). The Board approved acquisition of John Cockerill Metals International in Belgium for EUR 50 million as part of consolidating global metals activities under the India-based entity. The company expects to commercialize JVD technology in Q1 next year and Volteron technology within 12-24 months. Management set an ambitious target to reach INR 8,000 crores revenue by 2030.

John Cockerill India Limited reported significant improvement in quarterly results ended September 30, 2025. Order intake in Q3 reached INR 5,861 million, representing a nearly ten-fold increase from Q1, with major contracts from JSW, Tata Steel, and Godawari Power Ispat Ltd. The company's order backlog grew from INR 6,388 million to INR 11,291 million. Revenue growth accelerated from 7.45% in Q2 to 18.10% in Q3. EBITDA reached INR 120 million in Q3, showing a 13% sequential increase over Q2. Cash position strengthened from INR 742 million in Q1 to INR 1,472 million in Q3. The Board approved acquisition of 100% equity stake in John Cockerill Metals International SA (Belgium) for consideration not exceeding EUR 50 million, with a five-year deferred payment facility from parent company John Cockerill SA. Key project achievements include final acceptance certificate for JSOL's Acid Regeneration Plant and successful commissioning of Tata Steel Kalinganagar's galvanizing process. The company secured new contracts including advanced tunnel furnaces for JSW JFE Electrical Steel Nashik and equipment for Tata Steel Jamshedpur's Tinplate Division.

John Cockerill India Limited's Board approved the acquisition of 100% equity stake in John Cockerill Metals International SA, Belgium, from parent company John Cockerill SA for up to €50 million. The transaction will make the Belgian entity a wholly owned subsidiary and aims to consolidate the group's metals business operations. The acquisition will occur in two phases, with Part I completing approximately 90 days from November 4, 2025, and Part II by December 31, 2026. The deal requires shareholder approval through postal ballot. The Board also approved unaudited financial results for the quarter and nine months ended September 30, 2025, showing quarterly revenue of ₹9,698 lakhs and net profit of ₹892 lakhs. Additionally, the company is evaluating various fund-raising mechanisms and approved a postal ballot notice covering investment limits, borrowing enhancements, and asset mortgage provisions.