John Cockerill India Limited (JCIL) has reported a significant improvement in its financial performance for the quarter ended September 30, 2025, marking a strong turnaround in its business operations. The company's Chairman communication highlights consistent progress and disciplined execution across key performance indicators.

Order Intake and Backlog

JCIL witnessed a remarkable surge in its order intake during Q3 FY2025:

The company secured major contracts from leading steel producers such as JSW, Tata Steel, and Godawari Power Ispat Ltd., contributing to the substantial growth in order intake.

Financial Performance

JCIL's financial metrics showed consistent improvement throughout the year:

The EBITDA in Q3 represented a 13% sequential increase over Q2, driven by a stronger revenue mix and disciplined cost control.

Key Project Achievements

JCIL reported several significant project milestones:

• Obtained final acceptance certificate for JSOL's Acid Regeneration Plant (ARP 1)
• Successfully commissioned the Galva-Annealing process at Tata Steel Kalinganagar's CGL 1
• Initiated erection work for Jindal India's CCL 3
• Commenced Galva-Annealing trials at AM/NS Hazira's CGL 3

New Contract Wins

The company secured several high-impact contracts, reinforcing its leadership in India's steel value chain:

1. Advanced tunnel furnaces for JSW JFE Electrical Steel Nashik's CRGO electrical steel facility
2. Push-Pull Pickling Line and Spray Roaster ARP for Tata Steel Jamshedpur's Tinplate Division
3. 6-Hi Reversible Cold Rolling Mill for Godawari Power & Ispat Ltd.'s new integrated steel plant
4. New CGL and Push-Pull Pickling Line for JSW Khopoli

Strategic Transformation

The Board of Directors has approved the acquisition of a 100% equity stake in John Cockerill Metals International SA (Belgium) from the parent company, John Cockerill SA. The acquisition, valued at up to EUR 50 million, will be executed with a five-year deferred payment facility from the parent company.

Outlook

With a robust order book, improved liquidity, and the upcoming consolidation initiative, JCIL is well-positioned for its next growth phase. The company's focus on technology-led and sustainability-focused solutions aligns well with the global steel industry's megatrends of decarbonization, digitalization, value-added production, and supply chain rebalancing.

As JCIL enters the final quarter of 2025, it stands financially sound and operationally agile, poised to lead John Cockerill Metals' global expansion from India.

John Cockerill India Limited , a key player in the metals industry, has successfully completed its strategic acquisition of John Cockerill Metals International SA, Belgium. The company has also released its latest financial results, marking significant progress in its expansion plans.

Acquisition Successfully Completed

The company has successfully completed the acquisition of a 100% equity stake in John Cockerill Metals International SA, Belgium, from its parent company John Cockerill SA. The strategic move, originally valued at up to €50 million, reached a crucial milestone with the consummation of closing under the Share Purchase Agreement.

Payment Waiver and Timeline Extension

In a significant development, John Cockerill SA granted a waiver for the advance payment requirement. The waiver covers €5 million that was originally stipulated as a condition precedent for the acquisition completion.

This waiver enabled the company to proceed with the closing without the immediate advance payment, allowing Metals International to become a wholly-owned subsidiary effective January 1, 2026.

Financial Performance Q3 FY2026

For the quarter ended September 30, 2025, John Cockerill India reported strong financial results:

The quarterly revenue represents approximately 25% of the previous fiscal year's total revenue, while the company has turned profitable compared to the annual loss reported in FY2025.

Balance Sheet Highlights

The company's balance sheet as of December 2024 shows mixed performance:

Strategic Implications

With the successful completion of this acquisition, John Cockerill India has strengthened its position in the metals business. The formation of Metals International as a wholly-owned subsidiary provides the company with enhanced operational control and strategic flexibility in the European market. The waiver on advance payment also demonstrates strong support from the parent company and provides improved cash flow management for the acquiring entity.