News ArticleVesuvius India Reports Q3 and Nine Months 2026 Financial Results and Confirms Mehsana Facility Slump Sale
Board approves standalone unaudited results for period ending September 30, 2026, with Mehsana manufacturing facility sale to complete by December 31, 2026
Vesuvius India Limited announced its standalone unaudited financial results for the third quarter and nine months ended September 30, 2026. The company also disclosed the approved sale of its Mehsana manufacturing facility to Foseco India Limited via slump sale, expected to complete by December 31, 2026.
Vesuvius India Limited
Financial Results
Vesuvius India Limited announced its standalone unaudited financial results for the third quarter and nine months ended September 30, 2026, along with the approval of the sale of its Mehsana manufacturing facility to Foseco India Limited through a slump sale, expected to complete by December 31, 2026.
The company reported total income from operations of ₹54,617 lakh in Q3 2026 and ₹157,900 lakh for the nine months ended September 30, 2026.
Key expenses included ₹26,076 lakh in raw material consumption and ₹7,902 lakh in purchase of stock-in-trade during Q3 2026, with total expenses reaching ₹46,747 lakh for the quarter.
Profit before tax was ₹7,870 lakh for Q3 2026 and ₹24,704 lakh for the nine months period.
The board reviewed and approved the standalone financial results, which have been subjected to limited review by statutory auditors who issued an unmodified opinion.
Vesuvius India executed a Business Transfer Agreement on August 13, 2026, to sell the Mehsana manufacturing facility engaged in crucibles, stoppers, and sleeves production to Foseco India Limited; the transaction is expected to conclude by December 31, 2026.
Highlights
- Total income from operations for Q3 2026 stood at ₹54,617 lakh and ₹157,900 lakh for nine months ended September 30, 2026.
- Profit before tax for Q3 2026 was ₹7,870 lakh and ₹24,704 lakh for the nine months period.
- Board approved the sale of Mehsana manufacturing facility by slump sale to Foseco India Limited for an undisclosed consideration.
- Mehsana facility classified as held for sale as at September 30, 2026, with completion expected by December 31, 2026.
- Statutory auditors issued a limited review report with unmodified opinion on the financial results.
Key Data Snapshot
What happened
- Vesuvius India Limited announced its standalone unaudited financial results for the third quarter and nine months ended September 30, 2026.
- The Board of Directors approved the results, which were issued with an unmodified limited review report by the statutory auditors.
- A significant business transaction was approved involving the sale of the Mehsana manufacturing facility to Foseco India Limited via slump sale.
- The Mehsana facility manufactures crucibles, stoppers and sleeves and has been classified as held for sale as at September 30, 2026.
- The transaction is expected to be completed by December 31, 2026.
- The gain on disposal and tax impact will be recognized when the sale is completed.
Financial performance
- Total income from operations for the quarter ended September 30, 2026 was ₹54,617 lakh, up from ₹55,427 lakh in the previous comparable quarter.
- For the nine months ended September 30, 2026, total income from operations was ₹157,900 lakh, compared to ₹216,327 lakh previously.
- Profit before tax for Q3 2026 was ₹7,870 lakh and ₹24,704 lakh for the nine months period.
- Key expenses included ₹26,076 lakh for cost of materials consumed and ₹7,902 lakh for purchase of stock-in-trade during the quarter.
- Employee benefits expense for Q3 2026 was ₹3,573 lakh.
Transaction details
- The Business Transfer Agreement for sale of the Mehsana manufacturing facility was signed on August 13, 2026.
- The sale is structured as a slump sale and is subject to adjustments as per the agreement.
- The Mehsana facility is considered held for sale and does not constitute a separate major business line; thus, results are not presented as discontinued operations.
- The gain on disposal and related tax effects will be recorded upon completion of the transaction.
Regulatory and governance context
- The financial results were prepared as per applicable Indian Accounting Standards (Ind AS) and subjected to limited review by statutory auditors.
- The Board of Directors and Audit Committee reviewed and approved the results on November 2, 2026.
- The results are available on the company’s website as per SEBI Listing Obligations and Disclosure Requirements Regulations 2015.
Highlights
- Total income from operations for Q3 2026 stood at ₹54,617 lakh and ₹157,900 lakh for nine months ended September 30, 2026.
- Profit before tax for Q3 2026 was ₹7,870 lakh and ₹24,704 lakh for the nine months period.
- Board approved the sale of Mehsana manufacturing facility by slump sale to Foseco India Limited for an undisclosed consideration.
- Mehsana facility classified as held for sale as at September 30, 2026, with completion expected by December 31, 2026.
- Statutory auditors issued a limited review report with unmodified opinion on the financial results.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Ind AS 105 - Non-current Assets Held for Sale and Discontinued Operations
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