VEVesuvius India520113Quarterly results

Board approves Q3 standalone results, auditor's unmodified review; Mehsana slump sale at ₹4,325 lakhs

Vesuvius India's board approved the standalone unaudited results for the quarter and nine months ended September 30, 2026.

By ScoutQuest · Mon 2 Nov 2026, 8:21 PM IST · 2 min read

Revenue from operations (Q3)

56,577 lakh for the quarter

Net Profit (Q3)

5,710 lakh; nine-month Net Profit 17,146 lakh

Mehsana facility slump sale consideration

₹4,325 lakhs, expected to be completed by December 31, 2026

What the board approved

Vesuvius India Limited's board met on November 02, 2026 and approved the Statement of Standalone Unaudited Financial Results for the third quarter and nine months ended September 30, 2026. The company's financial year ends on December 31. The Statutory Auditors, Price Waterhouse Chartered Accountants LLP, issued a Limited Review Report dated November 02, 2026 containing an unmodified opinion on these results. The board meeting ran from 5:24 P.M. to 6:25 P.M. (IST).

The quarter and nine-month numbers (standalone, ₹ in lakhs)

• Revenue from operations for the quarter ended September 30, 2026 was 56,577, against 54,624 in the quarter ended September 30, 2025.
• Total income was 57,465, against 55,427 a year earlier.
• Total expenses were 49,780, of which cost of materials consumed was 24,859 and employee benefits expense 3,990.
• Profit before tax was 7,685, against 8,269 in the year-ago quarter.
• Net Profit for the period was 5,710, against 6,154 in the quarter ended September 30, 2025.
• Basic and diluted earnings per share were 2.82 each (not annualised), against 3.03.
• For the nine months ended September 30, 2026, revenue from operations was 159,981, total income 162,982 and Net Profit for the period 17,146. For the nine months ended September 30, 2025 the corresponding figures were 155,071, 157,900 and 18,385.

The Mehsana facility slump sale

• The notes record a Business Transfer Agreement dated August 13, 2026 with Foseco India Limited for the sale of the company's Mehsana manufacturing facility as a going concern, by way of slump sale. That facility manufactures crucibles, stoppers and sleeves.
• The consideration is ₹4,325 lakhs, subject to adjustments specified in the agreement.
• The transaction is expected to be completed by December 31, 2026.
• The Mehsana facility is classified as held for sale as at September 30, 2026 in accordance with Ind AS 105. It does not constitute a separate major line of business or geographical area of operations, so its results have not been presented as a discontinued operation. The gain on disposal and the related tax impact will be recognised on completion of the transaction.

How a reader can look at it

• The review conclusion on the results is unmodified, which is the auditor's standard clean conclusion for a limited review.
• The quarter's top line (Revenue from operations) is higher than the same quarter last year, while Profit before tax and Net Profit for the period are lower than that quarter, mainly with tax expense at 1,975 for the quarter.
• The slump sale is a separate, disclosed transaction: money is expected on completion, and the resulting gain and tax will be booked then, not in the September quarter. Until completion, the facility sits in the books as held for sale.
• The company describes itself as being in the business of manufacturing, trading and sale of refractories, with the performance reviewed as a single operating segment.

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