John Cockerill India (500147) Q2 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and six months ended June 30, 2024, were reviewed and approved by the Board on July 31, 2024.

• The company operates in a single segment: Original Equipment Manufacture and Project Management.

Financial highlights

• Revenue from operations for the six months ended June 30, 2024, was ₹14,706.38 lakhs, down from ₹22,116.00 lakhs year-over-year.

• Net profit for the six months ended June 30, 2024, was ₹356.96 lakhs, compared to ₹1,412.91 lakhs for the same period last year.

• Earnings per share (basic and diluted) for the six months ended June 30, 2024, were ₹7.27, down from ₹28.62 year-over-year.

• Cash and cash equivalents at June 30, 2024, stood at ₹3,791.21 lakhs, a decrease from ₹11,550.26 lakhs at December 31, 2023.

Outlook and guidance

• Gross margins are dependent on the product and project mix, which varies each quarter and impacts results accordingly.