John Cockerill India Turns Profitable in Q1CY26, Revenue Surges

John Cockerill India Limited has released its investor presentation for the quarter ended March 31, 2026, reporting a significant turnaround in its financial performance. The company posted a Profit After Tax (PAT) of INR 70.1 Mn for Q1CY26, compared to a loss of INR 7.5 Mn in the corresponding period of the previous year. Revenue from operations surged 161.8% year-on-year to INR 2,000.4 Mn, driven by robust operational execution and a strong order book.

Standalone Financial Performance

The company demonstrated a sharp turnaround in profitability, with EBITDA turning positive at INR 114.1 Mn against a negative EBITDA of INR 4.4 Mn in Q1CY25. The material margin for the quarter stood at 45.7%, while the EBITDA margin improved to 5.7%.

Metric (INR Mn)	Q1CY26	Q1CY25	YoY Growth
Revenue from Operations	2,000.4	764.2	161.8%
Material Margin	914.6	375.5	143.6%
EBITDA	114.1	-4.4	N.M.
Profit After Tax	70.1	-7.5	N.M.

The India order book as of March 26, 2026, stood at INR 13,212 Mn, marking a 101% year-on-year increase, providing strong visibility for future growth.

Consolidated Results

On a consolidated basis, following the inclusion of entities in China, Belgium, and Germany from January 1, 2026, the company reported a PAT of INR 73.6 Mn for Q1CY26. This compares to a loss of INR 29.1 Mn in Q1CY25. Consolidated revenue grew by 56.0% to INR 3,445.2 Mn. The total consolidated order book was approximately INR 33,000 Mn as of March 26, 2026.

Operational Highlights

The presentation highlighted the company's strategic focus on revolutionizing the steel industry through technologies like Jet Vapor Deposition (JVD). John Cockerill India continues to leverage its engineering legacy and global presence to secure major orders, with total order wins in the trailing twelve months exceeding INR 20 Bn. The company remains committed to sustainable growth and exploring new manufacturing and joint venture opportunities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+6.56%	+21.98%	+45.73%	+44.88%	+44.88%	+44.88%

John Cockerill India Limited has secured a significant domestic contract from JSW Steel Coated Products Limited for the Design, Manufacturing, Supply, Supervision of Erection & Commissioning of a Cold Rolling Complex. The contract is valued at approximately INR 440 to 470 crores and was disclosed to BSE Limited on May 15, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Contract Scope and Key Details

The Cold Rolling Complex encompasses three key processing lines — a Pickling Line, a 2 Stand Cold Rolling Mill, and a Galvanising Line — all to be executed as per the list agreed in the Technical Scope of supply. The contract has been awarded by a domestic entity, and neither the promoter/promoter group/group companies hold any interest in the awarding entity, nor does the contract fall within related party transactions.

The following table summarises the key parameters of the awarded contract:

Parameter:	Details
Awarding Entity:	JSW Steel Coated Products Limited
Nature of Contract:	Design, Manufacturing, Supply, Supervision of Erection & Commissioning of Pickling Line, 2 Stand Cold Rolling Mill, Galvanising Line (Cold Rolling Complex)
Contract Value:	Approx INR 440 to 470 crores
Domestic / International:	Domestic
Execution Timeline:	June 2028
Related Party Transaction:	No
Promoter Interest in Awarding Entity:	No

Regulatory Disclosure

The disclosure was filed by Nidhi Salampuria, Company Secretary (FCS: 10448) of John Cockerill India Limited, on May 15, 2026. The filing was made in accordance with SEBI Master Circular no. HO/49/14/14(7)2025-CFDDPOD2/I/3762/2026 dated January 30, 2026. John Cockerill India Limited is headquartered at Aurum Q2 IT Parc, Navi Mumbai, with workshop facilities located in the MIDC Taloja Industrial Area and Village Hedavali, both in Dist. Raigad, Maharashtra.