Key Financial Figures - Standalone (INR Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹19,855.09
  • Other income: ₹1,112.34
  • Total income: ₹20,967.43
  • Total expenses: ₹16,659.66
  • Profit before tax and exceptional items: ₹4,307.77
  • Exceptional item (loss): ₹349.27 (recognized in previous quarter)
  • Profit before tax: ₹4,307.77
  • Tax expense: ₹974.16 (Current tax: ₹1,005.00; Deferred tax: ₹(30.84))
  • Net profit: ₹3,333.61
  • Earnings per share (basic and diluted): ₹44.23

Nine Months Ended September 30, 2026:

  • Revenue from operations: ₹54,353.35
  • Other income: ₹2,218.03
  • Total income: ₹56,571.38
  • Net profit: ₹8,016.09
  • Earnings per share: ₹106.35

Comparative Performance (YoY Q3):

  • Revenue growth: 31.7% (from ₹15,071.57 in Q3 FY25)
  • Net profit growth: 102.2% (from ₹1,648.51 in Q3 FY25)
  • EPS growth: 71.4% (from ₹25.81 in Q3 FY25)

Key Financial Figures - Consolidated (INR Lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹25,209.58
  • Other income: ₹607.66
  • Total income: ₹25,817.44
  • Net profit: ₹4,018.81
  • Earnings per share: ₹49.30
  • Net profit attributable to owners: ₹3,716.26

Nine Months Ended September 30, 2026:

  • Revenue from operations: ₹68,538.21
  • Other income: ₹1,957.90
  • Total income: ₹70,496.11
  • Net profit: ₹11,007.48
  • Earnings per share: ₹135.53

Exceptional Items

Standalone:

During quarter ended June 30, 2026, recognized exceptional loss of ₹349.27 lakhs from sale of 99,081 shares of Foseco Crucible (India) Limited acquired through open offer. The shares were sold due to SEBI (SAST) Regulations limiting promoter holding to 75% in listed subsidiary.

Consolidated:

  • Exceptional income of ₹216.37 lakhs recognized during current period from reversal of provision related to labor code implementation
  • Previous year exceptional expenses of ₹1,888.52 lakhs for pre-acquisition costs of Foseco Crucible acquisition

Acquisition Update

Foseco Crucible (India) Limited Acquisition:

  • Acquisition completed in previous year
  • Open offer concluded on January 13, 2026 with 99,081 shares tendered for ₹1,542.84 lakhs
  • Purchase price allocation adjustments resulted in goodwill increase from ₹39,471.42 lakhs to ₹40,956.75 lakhs
  • Measurement period for valuation adjustments ends November 11, 2026

Vesuvius India Limited Business Acquisition:

  • Board approved on August 13, 2026 acquisition of Mehsana, Gujarat manufacturing facility
  • Lump-sum consideration: ₹4,325 lakhs (subject to adjustments)
  • Business primarily manufactures crucibles, stoppers and sleeves for non-ferrous industrial sector
  • Transaction subject to Gujarat Industrial Development Corporation (GIDC) approval and other preconditions

Segment Information

Company has only one reportable segment: metallurgical products and services, in accordance with Ind AS 108.

Capital Structure

  • Paid-up equity share capital: ₹753.73 lakhs (Face value ₹10 per share)
  • Shares outstanding: 7,537,300 shares

Subsidiary Performance

Foseco Crucible (India) Limited contributed:

  • Q3 FY26 revenue: ₹5,317.54 lakhs
  • Q3 FY26 net profit: ₹1,422.36 lakhs
  • 9M FY26 revenue: ₹13,920.53 lakhs
  • 9M FY26 net profit: ₹2,311.98 lakhs

Audit Information

  • Limited review conducted by Price Waterhouse Chartered Accountants LLP
  • Review report dated November 6, 2026
  • Firm registration number: 012754N/N500016
  • Partner: Ali Akbar (Membership number: 117839)