John Cockerill India announced that the Board of Directors of the Company at its meeting held on 25 May 2023, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Net profit of John Cockerill India reported to Rs 9.79 crore in the quarter ended March 2023 as against net loss of Rs 2.45 crore during the previous quarter ended March 2022. Sales rose 204.44% to Rs 192.59 crore in the quarter ended March 2023 as against Rs 63.26 crore during the previous quarter ended March 2022.

For the full year,net profit rose 177.80% to Rs 12.89 crore in the year ended March 2023 as against Rs 4.64 crore during the previous year ended March 2022. Sales rose 26.37% to Rs 483.70 crore in the year ended March 2023 as against Rs 382.78 crore during the previous year ended March 2022.

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John Cockerill India will hold a meeting of the Board of Directors of the Company on 25 May 2023.

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John Cockerill India has received reaffirmation in credit rating from CARE at CARE A-/ Negative/ CARE A2+.

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