Foseco India Limited delivered a strong financial performance for FY25, reporting a 15.1% increase in standalone revenue to ₹60,402 lakhs, driven by disciplined execution and a favourable product mix. The company's Profit After Tax stood at ₹7,522 lakhs, with an Earnings Per Share of ₹114.94, reflecting efficient working capital management and volume-led growth. On a consolidated basis, revenue from operations reached ₹64,342 lakhs, achieving a Profit Before Tax margin of 19.8%.

The company's strategic progress included the acquisition of a 75% controlling stake in Morganite Crucible (India) Limited, now renamed Foseco Crucible (India) Limited (FCIL). This move strengthens Foseco India's position in high-performance materials and specialised crucible technologies, particularly within the non-ferrous segment. The acquisition enhances the company's ability to leverage the Vesuvius Group's global R&D network and offer a broader range of solutions.

Innovation remained a priority, with the company investing ₹198 lakhs in domestic R&D initiatives during the year. Key product introductions included INSTA Coatings for ferrous castings, Airless Spray Coating Systems for improved surface finishes, and ROTOCENE Technology for steel foundries to minimize rework costs. These advancements aim to reduce casting defects and improve customer outcomes through proprietary simulation and application technologies.

Foseco India continued its focus on operational excellence and safety, with all 376 employees receiving health, safety, and skills development training. The company's Pune facilities maintained international certifications, including ISO 9001, ISO 14001, and ISO 45001. These efforts contributed to the company's re-certification as a Great Place to Work, with employee engagement scores comparing strongly across the Vesuvius Group's foundry businesses.

Corporate Social Responsibility initiatives for the year totaled ₹161 lakhs, focusing on healthcare, education, and local infrastructure. Partnerships included support for children with Type 1 Diabetes via Jehangir Hospital, scholarships for meritorious girl students at the College of Engineering Pune, and infrastructure development with the Rotary Foundation. The company also implemented village sanitation initiatives, including solar streetlights and Water ATM installations.

Looking ahead, Foseco India is positioned for growth with a debt-free balance sheet, strong customer relationships, and a diversified product portfolio. The company declared a total dividend of ₹1,597 lakhs for the year, consistent with its philosophy of generating long-term wealth for stakeholders. The 69th Annual General Meeting was held on June 10, 2026, via Video Conferencing.

Financial Highlights

Foseco India Limited has fixed Wednesday, June 3, 2026, as the record date to determine shareholder eligibility for the final dividend of ₹25 per share for the financial year ended December 31, 2025. This dividend is subject to approval at the company's 69th Annual General Meeting (AGM) scheduled for Wednesday, June 10, 2026. If approved, the payment will be made on or before Thursday, July 9, 2026.

AGM Agenda Highlights

The AGM will consider the adoption of audited standalone and consolidated financial statements for FY25. Shareholders will vote on the re-appointment of Amitabha Mukhopadhyay as an Independent Director for a second term of five years commencing July 27, 2026. The re-appointment of Prasad Chavare as Managing Director and Chief Executive Officer for a period of five years from June 1, 2026, to May 31, 2031, is also on the agenda. Additionally, the meeting will ratify the remuneration payable to Cost Auditor Joshi Apte & Associates for FY26.

E-Voting and Participation

Remote e-voting facilities are available for shareholders. The remote e-voting period commences on Saturday, June 6, 2026, at 0900 Hours IST and concludes on Tuesday, June 9, 2026, at 1700 Hours IST. Shareholders who have not voted remotely may cast their votes during the AGM via the e-voting facility available at the venue.

Standalone Financial Performance

Foseco India reported a robust financial performance for the year ended December 31, 2025. Revenue from operations increased 15.1% to ₹60,401.65 lakh from ₹52,478.39 lakh in the previous year. Profit After Tax for the year stood at ₹7,521.74 lakh, compared to ₹7,302.74 lakh in FY24. The company generated operational cash flows of ₹9,162.36 lakh during the year.

Consolidated Financial Performance

On a consolidated basis, revenue from operations reached ₹64,341.85 lakh for FY25. The Profit Before Exceptional Items and Tax margin was reported at 19.8% over revenue from operations. Total operational cash flows stood at ₹9,762.43 lakh. The consolidated results include the financials of subsidiary Foseco Crucible (India) Limited, which contributed ₹3,940.20 lakh to Group revenues.

Strategic Acquisition

During the year, the company acquired a 75% equity stake in Foseco Crucible (India) Limited for an aggregate consideration of ₹63,800.35 lakh. The acquisition, completed through a share swap arrangement, included the issuance of 11,50,800 equity shares. Following the mandatory Open Offer, the company's paid-up share capital increased to ₹753.73 lakh. Goodwill of ₹39,471.42 lakh was recognised on a provisional basis.