John Cockerill India Limited · BSE:COCKERILL
John Cockerill India — Q4 CY25 Earnings Presentation
29 slides from John Cockerill India's earnings presentation, Feb 26, 2026
Slide 1: BSE filing cover letter
Ref. : JCIL/BSE/2026 Date : February 26, 2026 To The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Dear Sir, Scrip Code: 500147 Sub: Investor Presentation for the quarter and Financial year ended December 31, 2025 Ref: Regulation 30 of SEBI (Listing Obligations and
Slide 2: John Cockerill India Limited Investor Presentation Q4 & Full Year CY25
John Cockerill India Limited Investor Presentation Q4 & Full Year CY25 | February 2026 Revolutionising the Steel Industry 200+ Years 29+ Countries 360+ INR 3.6 Bn JC Group JC Group Employees in India JCIL CY25 Revenue Engineering Legacy Global Presence 8000+ Employees at JC Group
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by John Cockerill India Limited (the “Company” / “JCIL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: Financial & Operational Performance
Financial & Operational Performance Q4 & CY25 ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | VALUE SERVICES
Slide 5: Chairman's Message
Chairman's Message "After a challenging period, the global steel industry has demonstrated a tentative, yet broad-based recovery in 2025. India has stood out as the major growth driver. JCIL has remained resilient, maintaining a sharp focus on operational agility, disciplined execution, and financia
Slide 6: Financial Highlights — Q4 & CY25
Financial Highlights — Q4 & CY25 Sharp Turnaround in Profitability Revenue EBITDA PAT (1) Q4CY25 CY25 Q4CY25 CY25 Q4CY25 CY25 ₹1,021 Mn ₹3,576 Mn ₹101 Mn ₹229 Mn ₹4 Mn ₹103 Mn +41% Y-o-Y -8% Y-o-Y vs ₹-5 Mn Y-o-Y vs ₹-38 Mn Y-o-Y vs ₹-15 Mn Y-o-Y vs ₹-54 Mn Y-o-Y Material Margin EBITDA Margin PAT Ma
Slide 7: Revenue & Profitability — Quarterly Evolution
Revenue & Profitability — Quarterly Evolution Consistent improvement every quarter showcasing resilience, agility and discipline Revenue (INR Mn) EBITDA (INR Mn) 1200 150 1,021 113 1000 970 101 933 100 821 800 760 764 723 50 600 19 6 0 400 -5 -4 -50 200 0 -100 -86 Q2CY24 Q3CY24 Q4CY24 Q1CY25 Q2CY25
Slide 8: Profit and Loss Statement – Q4 and CY25
Profit and Loss Statement – Q4 and CY25 Profit and Loss Statement (INR Mn) Q4CY25 Q4CY24 Y-o-Y CY25 CY24 Y-o-Y Revenue from Operations 1,020.7 723.4 41.1% 3,575.9 3,887.3 -8.0% Raw Material Cost 338.5 405.4 1,617.7 2,446.8 Material Margin 682.2 318.0 114.5% 1,958.2 1,440.5 35.9% Material Margin (%)
Slide 9: Balance Sheet – Dec-25
Balance Sheet – Dec-25 ASSETS (INR Mn) Dec-25 Dec-24 EQUITY AND LIABILITIES (INR Mn) Dec-25 Dec-24 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 506.0 474.0 Share Capital 49.4 49.4 Capital WIP 11.4 47.9 Reserves & Surplus 2,052.1 1,962.1 Investment Properties 0.0 44.9 Total Sh
Slide 10: Abridged Cash Flow Statement – CY25
Abridged Cash Flow Statement – CY25 Cash Flow Statement (INR Mn) CY25 CY24 Profit/(Loss) Before Tax 113.5 -71.7 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) 215.7 49.4 Operating Profit / (Loss) Before Working Capital Changes 329.3 -22.3 Changes in Working Capital 1,299.0 -608.8
Slide 11: Order Wins — CY25
Order Wins — CY25 Period Customer Scope of Work Mar 2025 Jindal India Limited Revamping of CGL at Ranihati Aug 2025 JSW JFE Electrical Steel Tunnel Furnaces at Nashik Sep 2025 Godawari Power & Ispat Cold Rolling Mill at Chhattisgarh Sep 2025 Tata Steel (Tinplate) CAL, Push Pull Pickling Line & ARP a
Slide 12: Acquisition & Restructuring of Metals Business
Acquisition & Restructuring of Metals Business Strategic transformation anchored in India
Slide 13: Consolidation of John Cockerill Group's Metals Business
Consolidation of John Cockerill Group's Metals Business Consolidation Rationale Creation of JCMI (Belgium) and transfers carved-out Metals Create a focused, transparent and investible structure. Unlock business. JCIL acquires 100% stake in JCMI w.e.f. 01 Jan 2026 efficiencies in technology, supply c
Slide 14: Proposed Final Structure
Proposed Final Structure John Cockerill SA (Belgium) "JCSA" John Cockerill India (India) "JCIL" John Cockerill Metals International SA (Belgium) "JCMI" JC Industry NA JC IT Beijing JC UVK (USA)* (China) (Germany) *to be consolidated later
Slide 15: Growth Strategy
Growth Strategy John Cockerill India Limited
Slide 16: Group Overview
Group Overview Our USP Indian hub & centre of manufacturing for cold rolling mill complexes under the John Cockerill Group 200+ Years of Engineering Excellence as JC Group Global leader in conception, manufacture & installation of Technology Innovator & Partner reversible cold rolling mills Commitme
Slide 17: Metals Business — Three Pillars
Metals Business — Three Pillars A trusted global supplier of sustainable & high-performance solutions for the steelmaking industry Iron & Steel Making Services & Energy 01 Processing & Rolling 02 Technology 03 Efficiency ▸ Pickling Lines & Solutions ▸ **Volteron™ — CO₂-free steelmaking ▸ Fit-to-purp
Slide 18: Revolutionary Technology — Jet Vapor Deposition (JVD)
Revolutionary Technology — Jet Vapor Deposition (JVD) A breakthrough in zinc coating — developed in partnership with ArcelorMittal An advanced coating process that vaporizes zinc in a vacuum and deposits it onto steel at sonic speeds, creating a uniform, 1 Million Tons 2x Faster adaptable coating id
Slide 19: Steel Sector Outlook & India Opportunity
Steel Sector Outlook & India Opportunity India — The World's Fastest Growing Steel Market #2 Growth Drivers for JCIL World's 2nd Largest Crude Steel Producer Innovation & Technology New routes for better efficiency — JVD, Volteron™, hydrogen ~152 MT | ~9% global share steelmaking Steel capacity targ
Slide 20: Business Strategy & Way Forward
Business Strategy & Way Forward Portfolio of Technologies in Steelmaking 01 Establish a market relevant portfolio of technologies in green steel, high strength steel and become a global Tier 1 steelmaking solutions provider. Fostering Global Partnerships 02 Foray into upstream steel making processes
Slide 21: ESG — Commitment to Sustainable Growth
ESG — Commitment to Sustainable Growth Environmental Social Governance JCIL is actively implementing energy The company has invested 5,668 man-hours in JCIL adheres to strict ethical standards, conservation measures, such as upgrading training up to December 2025 with 1,796 including a zero-toleranc
Slide 22: Board of Directors
Board of Directors Mr. Francois-David MARTINO Mr. Frederic MARTIN Mr. Vivek BHIDE Mr. Frederic LEMAITRE Chairman Managing Director Non-Executive Director Non-Executive Director 25+ years of international management 35+ years of international business 30+ years of international 25+ years of experienc
Slide 23: Leadership Team
Leadership Team Mr. Frederic Martin Mr. Marc Dumont Mr. Ujwal Kawale Managing Director Chief Financial Officer Chief Operating Officer 35+ years in international business management in metals 25+ years in finance, engineering with corporate 20+ years in Steel Industry across manufacturing & sectors
Slide 24: Historical Financial Performance
Historical Financial Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | VALUE SERVICES
Slide 25: Historical Performance Highlights
Historical Performance Highlights Revenue (INR Mn) EBITDA (INR Mn) Profit Before Tax (INR Mn) (1) 261 261 6,666 229 4,837 162 3,887 3,576 114 66 2/26/2026 2/26/202 2/26/2026 2/26/2026 -38 -72 6 2/26/2026 2/26/202 2/26/2026 2/26/2026 2/26/2026 2/26/202 2/26/2026 2/26/2026 6 6 Material Margin (%) EBIT
Slide 26: Profit and Loss Statement
Profit and Loss Statement Profit and Loss Statement (INR Mn) CY25 CY24 9M ended Dec-23 * FY23 Revenue from Operations 3,575.9 3,887.3 6,666.3 4,837.0 Raw Material Cost 1,617.7 2,446.8 4,976.2 3,320.3 Material Margin 1,958.2 1,440.5 1,690.0 1,516.7 Material Margin (%) 54.8% 37.1% 25.4% 31.4% Employee
Slide 27: Balance Sheet
Balance Sheet ASSETS (INR Mn) Dec-25 Dec-24 Dec-23 Mar-23 EQUITY AND LIABILITIES (INR Mn) Dec-25 Dec-24 Dec-23 Mar-23 Non-Current Assets Shareholders' Funds Property, Plant and Equipment 506.0 474.0 489.1 469.2 Share Capital 49.4 49.4 49.4 49.4 Capital WIP 11.4 47.9 7.2 15.5 Reserves & Surplus 2,052
Slide 28: Abridged Cash Flow Statement
Abridged Cash Flow Statement 9M ended Abridged Cash Flow Statement (INR Mn) CY25 CY24 FY23 Dec-23* Profit/(Loss) Before Tax 113.5 -71.7 260.7 161.8 Adjustments for Non-Cash and Non-Operational Expenses / (Incomes) 215.7 49.4 16.0 -59.5 Operating Profit / (Loss) Before Working Capital Changes 329.3 -
Slide 29: Thank You
Thank You For more information, please contact Company Investor Relations Advisor John Cockerill India Limited Strategic Growth Advisors Pvt. Ltd. Ms. Nidhi Salampuria | Company Secretary Mr. Sagar Shroff / Mr. Tanay Shah investors.jcil@johncockerill.com sagar.shroff@sgapl.net +91 96197 62727 +91 98