John Cockerill India (500147) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations was ₹388.73 crore and net loss was ₹5.38 crore amid lower order inflows, project execution challenges and a difficult steel market.

• New orders totalled ₹308.8 crore; the closing order book exceeded ₹680.8 crore at December 2024.

• Revamps, spares and services delivered strong results, supporting lifecycle upgrades and customer decarbonization needs.

Financial highlights

• Revenue from operations declined 42%, from ₹666.61 crore in Apr–Dec 2023 to ₹388.73 crore in FY24; the periods are not directly comparable because FY24 covered 12 months versus 9 months.

• PBDIT fell 97%, from ₹32.25 crore in the nine-month 2023 period to ₹1.09 crore in FY24; FY24 total income was ₹393.60 crore.

• Loss before tax was ₹7.17 crore; net loss was ₹5.38 crore, with basic and diluted EPS of -₹10.90.

• Operating cash outflow was ₹66.08 crore; cash and cash equivalents closed at ₹46.51 crore versus ₹115.50 crore at Dec 2023.

Outlook and guidance

• Remaining performance obligations were ₹632.66 crore at Dec 31, 2024; management expects 50–60% to convert to revenue in the next reporting period, subject to contract progress.

• 2025 priorities include closer customer engagement, tighter execution, process efficiency, cost control, workforce upskilling, safety and sustainability.

• First JVD installation, Volteron technology advances, SAIL electrical-steel collaboration and IIT Bombay research cooperation are positioned as strategic growth opportunities.