Financial Performance - Standalone (All figures in INR Lakhs)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹18,228.00
- Other income: ₹562.68
- Total income: ₹18,790.68
- Profit before tax and exceptional items: ₹3,553.61
- Exceptional item (loss): ₹349.27
- Profit before tax: ₹3,204.34
- Tax expense: ₹918.03 (Current tax: ₹914.00, Deferred tax: ₹4.03)
- Net profit: ₹2,286.31
- Earnings per share: ₹30.33 (basic and diluted)
Half-Year Ended June 30, 2026:
- Revenue from operations: ₹34,498.26
- Other income: ₹1,105.69
- Total income: ₹35,603.95
- Profit before tax and exceptional items: ₹6,779.17
- Exceptional item: ₹349.27
- Profit before tax: ₹6,429.90
- Tax expense: ₹1,747.42
- Net profit: ₹4,682.48
- Earnings per share: ₹62.12
Comparative Performance:
- Q2 YoY revenue growth: 15.9% (from ₹15,725.19 in Q2 2025)
- Q2 YoY net profit growth: 6.2% (from ₹2,153.36 in Q2 2025)
Financial Performance - Consolidated (All figures in INR Lakhs)
Quarter Ended June 30, 2026:
- Revenue from operations: ₹23,140.65
- Other income: ₹514.93
- Total income: ₹23,655.58
- Profit before tax and exceptional items: ₹5,011.54
- Exceptional income: ₹0 (compared to ₹216.37 income in preceding quarter)
- Profit before tax: ₹5,011.54
- Tax expense: ₹1,371.56
- Net profit: ₹3,639.98
- Earnings per share: ₹44.74
- Net profit attributable to owners: ₹3,371.89
Half-Year Ended June 30, 2026:
- Revenue from operations: ₹43,328.63
- Other income: ₹1,350.04
- Total income: ₹44,678.67
- Profit before tax and exceptional items: ₹9,154.24
- Exceptional income: ₹216.37
- Profit before tax: ₹9,370.61
- Tax expense: ₹2,381.94
- Net profit: ₹6,988.67
- Earnings per share: ₹86.23
- Net profit attributable to owners: ₹6,499.40
Exceptional Items
Standalone results include exceptional loss of ₹349.27 lakhs related to mandatory open offer for Foseco Crucible (India) Limited shares. The company acquired 99,081 shares for ₹1,542.84 lakhs through open offer concluded on January 13, 2026, but had to sell them due to SEBI regulations limiting promoter holding to 75% in listed subsidiaries, resulting in a net loss.
Consolidated results include exceptional income of ₹216.37 lakhs from reversal of provision related to labor code implementation impact assessment.
Balance Sheet Highlights (Standalone as of June 30, 2026)
- Total assets: ₹125,592.86 lakhs
- Equity share capital: ₹753.73 lakhs
- Reserves and surplus: ₹105,934.77 lakhs
- Total equity: ₹106,688.50 lakhs
- Current liabilities: ₹18,851.29 lakhs
- Non-current liabilities: ₹53.07 lakhs
Cash Flow (Standalone Half-Year 2026)
- Cash from operations: ₹4,711.23 lakhs
- Cash used in investing: ₹(322.50) lakhs
- Cash used in financing: ₹(1,916.86) lakhs
- Net increase in cash: ₹1,303.15 lakhs
- Cash equivalents at end: ₹8,198.02 lakhs
Board Approval
The Board of Directors at its meeting held on August 13, 2026 (commenced at 16:40 IST, concluded at 17:45 IST) approved:
1. Unaudited standalone and consolidated financial results for quarter and half-year ended June 30, 2026
2. Acquisition of Vesuvius India Limited's business undertaking at Mehsana, Gujarat for lump-sum consideration of ₹4,325 lakhs (₹43.25 crore)
The Mehsana facility manufactures crucibles, stoppers and sleeves for the non-ferrous industrial sector. The acquisition is subject to adjustments per Business Transfer Agreement and execution of ancillary agreements.
Subsidiary Update
The consolidated results include Foseco Crucible (India) Limited (formerly Morganite Crucible India Limited). Goodwill increased from ₹39,471.42 lakhs to ₹40,912.24 lakhs due to fair value adjustments during the measurement period ending November 11, 2026.
Segment Information
The company has only one reportable segment: metallurgical products and services.