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 announced a significant strategic move along with its latest financial results. The company's Board of Directors has given the green light for a major acquisition and released its financial performance for the quarter ending September 30, 2025.

Strategic Acquisition

The Board has approved the acquisition of a 100% equity stake in John Cockerill Metals International SA, Belgium, from its parent company John Cockerill SA. This move, valued at up to €50 million, is set to consolidate the group's metals business operations. The acquisition will unfold in two phases:

• Part I: Expected to complete approximately 90 days from November 4, 2025
• Part II: Slated for completion by December 31, 2026

This strategic decision is subject to shareholder approval through a postal ballot.

Financial Performance Q3 FY2026

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

Additional Board Approvals

The Board has also given its nod to evaluate various fund-raising mechanisms. A postal ballot notice has been approved, covering:

1. Investment limits
2. Borrowing enhancements
3. Asset mortgage provisions

Financial Snapshot

Comparing the quarterly results with the previous year's annual performance provides additional context:

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

Balance Sheet Highlights (as of December 2024)

The company's balance sheet shows a significant reduction in total assets and current assets compared to the previous year, while fixed assets saw a slight increase.

As John Cockerill India Limited moves forward with its acquisition plans and evaluates funding options, stakeholders will be keenly watching how these strategic decisions impact the company's financial position and market standing in the coming quarters.