John Cockerill India Limited · BSE:COCKERILL
John Cockerill India — Q1 CY2026 Earnings Presentation
30 slides from John Cockerill India's earnings presentation, May 19, 2026
Slide 1: BSE filing cover letter for investor presentation
Ref.: JCIL/BSE/2026 Date: May 19, 2026 To, The Secretary, BSE Limited, Mumbai - 400 001. Scrip Code: 500147 Sub.: Investor Presentation for the quarter ended March 31, 2026 Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pl
Slide 2: John Cockerill India Limited Investor Presentation Q1CY26
John Cockerill India Limited Investor Presentation Q1CY26 | May 2026 Revolutionising the Steel Industry 200+ Years 28+ 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 Q1CY26
Financial & Operational Performance Q1CY26 ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | VALUE SERVICES
Slide 5: Chairman's Message
Chairman's Message “After a period of restructuring and realignment, JCIL has entered 2026 with significantly stronger operational momentum, reflected in a robust recovery in business performance. Standalone revenue grew by 162% year-on-year, while consolidated revenue increased by 56% year-on-year,
Slide 6: Consolidated Main Order Wins
Consolidated Main Order Wins Period Customer Scope of Work Aug 2025 JSW JFE Electrical Steel Tunnel Furnaces at Nashik Sep 2025 Godawari Power & Ispat Cold Rolling Mill at Chhattisgarh September 2025 Tata Steel (Tinplate) CAL, Push Pull Pickling Line & ARP, Jamshedpur September 2025 JSW Steel Coated
Slide 7: Standalone - Financial Highlights — Q1CY26
Standalone - Financial Highlights — Q1CY26 India business on steady footing with Order Book providing strong visibility for the coming years Revenue EBITDA PAT ₹ 2,000 Mn ₹ 114 Mn ₹ 70 Mn +162% Y-o-Y Vs. –ve ₹ 4 mn in Q1CY25 Vs. –ve ₹ 7.5 mn in Q1CY25 Material Margin EBITDA Margin PAT Margin 45.7% 5
Slide 8: Standalone - Healthy Turnaround in Business Performance
Standalone - Healthy Turnaround in Business Performance Consistent improvement every quarter showcasing resilience, agility and execution discipline Revenue (INR Mn) EBITDA (INR Mn) 2500 150 113 114 2,000 101 2000 100 1500 50 19 970 1,021 1000 821 0 760 723 764 -5 -4 500 -50 0 -100 -86 Q3CY24 Q4CY24
Slide 9: Standalone Profit and Loss Statement – Q1CY26
Standalone Profit and Loss Statement – Q1CY26 Standalone Profit and Loss Statement (INR Mn) Q1CY26 Q1CY25 Y-o-Y Revenue from Operations 2,000.4 764.2 161.8% Raw Material Cost 1,085.8 388.7 Material Margin 914.6 375.5 143.6% Material Margin (%) 45.7% 49.1% -340 bps Employee Cost 252.8 189.2 Other Exp
Slide 10: Consolidated Financial Highlights — Q1CY26
Consolidated Financial Highlights — Q1CY26 China, Belgium and Germany entities consolidated w.e.f. 01st January 2026 Revenue EBITDA PAT ₹ 3,445 Mn ₹ 49 Mn ₹ 74 Mn +56% Y-o-Y Vs. –ve ₹ 15 mn in Q1 CY25 Vs. –ve ₹ 29 mn in Q1 CY25 Material Margin EBITDA Margin PAT Margin 55.2% 1.4% 2.1% Consolidated Or
Slide 11: Consolidated Profit and Loss Statement – Q1CY26
Consolidated Profit and Loss Statement – Q1CY26 Consolidated Profit and Loss Statement (INR Mn) Q1CY26 Q1CY25 Y-o-Y Revenue from Operations 3,445.2 2,209.0 56.0% Raw Material Cost 1,543.1 998.6 Material Margin 1,902.1 1,210.4 57.1% Material Margin (%) 55.2% 54.8% 40 bps Employee Cost 715.8 608.4 Oth
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: New Corporate Structure
New Corporate Structure John Cockerill SA (Belgium) "JCSA" 70.44% John Cockerill India (India) "JCIL" 100.00% 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-purpo
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 1 Million Tons 2x Faster and deposits it onto steel at sonic speeds, creating a uniform, JVD coated steel alr
Slide 19: Steel Sector Outlook & India Opportunity
Steel Sector Outlook & India Opportunity India — The World's Fastest Growing Steel Market Growth Drivers for JCIL #2 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: India Leadership Team
India Leadership Team Mr. Frederic Martin Mr. Marc Dumont Ms. Neha Mistry Managing Director Chief Financial Officer Human Resources Business Partner 25+ years in finance, engineering with 18+ years in People Management 35+ years in international business corporate development exposure and Skilling m
Slide 24: Global Leadership Team
Global Leadership Team Mr. Frederic Martin Mr. Marc Dumont Mr. Gregory TOURNAY Mr. BRUSINI Emanuele Chief Financial Officer Head – Strategy & Innovation Head - Sales CEO Global 20+ years in industrial transformation 30+ years in Sales & Managing 35+ years in international business 25+ years in finan
Slide 25: Historical Financial Performance
Historical Financial Performance ENGINEERING | DESIGN | MANUFACTURING | ERECTION & COMMISSIONING | VALUE SERVICES
Slide 26: Standalone Historical Performance Highlights
Standalone Historical Performance Highlights Revenue (INR Mn) EBITDA (INR Mn) Profit Before Tax (INR Mn) (1) 6,666 261 261 229 4,837 162 3,887 3,576 114 66 FY23 9M ended CY24 CY25 -38 -72 Dec-23* FY23 9M ended CY24 CY25 FY23 9M ended CY24 CY25 Dec-23* Dec-23* Material Margin (%) EBITDA Margin (%) Pr
Slide 27: Standalone Profit and Loss Statement
Standalone 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.
Slide 28: Standalone Balance Sheet
Standalone 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 & Su
Slide 29: Standalone Abridged Cash Flow Statement
Standalone 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 Chan
Slide 30: 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
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