Foseco India has announced its Q3 financial results, presenting a mixed performance with declining net profit despite strong revenue growth and improved operational efficiency. The company's consolidated net profit for the quarter stood at ₹126 million, representing a decrease from ₹195 million reported in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial metrics for Q3 demonstrate contrasting trends across different parameters:

Revenue and Operational Performance

Foseco India demonstrated robust top-line growth with quarterly revenue reaching ₹1.87 billion, marking a substantial increase from ₹1.4 billion in the same period last year. This represents approximately 33.6% year-on-year growth, indicating strong business momentum and market demand for the company's products and services.

Profitability Metrics

The company's EBITDA performance was particularly strong, rising to ₹419 million from ₹229 million in the previous year's corresponding quarter. More significantly, the EBITDA margin expanded considerably to 22.44% from 16.78%, reflecting improved operational efficiency and better cost management. The profit before tax also showed positive momentum, increasing to ₹404 million compared to ₹263 million year-on-year.

Exceptional Items Impact

The financial results included an exceptional item of ₹169 million, which appears to have influenced the overall profit dynamics for the quarter. This exceptional item likely contributed to the variance between the strong operational performance metrics and the final net profit figure.

Foseco India Limited has announced the appointment of Joshi Apte & Associates, Cost Accountants, as its Cost Auditor for the financial year 2026. The decision was approved by the company's Board of Directors during a meeting held on February 25, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015.

Appointment Details

The appointment is effective for a one-year period, commencing from January 1, 2026 and concluding on December 31, 2026. The board meeting, which addressed this key governance matter, commenced at 1715 hours and concluded at 1830 hours on February 25, 2026.

About the Appointed Firm

Joshi Apte & Associates brings substantial expertise to Foseco India's audit requirements. The firm is a practicing cost accounting entity with over 16 years of experience in the field. Key highlights of the firm include:

• Experience: Over 16 years in cost accounting practice
• Team Composition: Qualified professionals and semi-qualified assistants
• Client Base: Large client portfolio across India
• Industry Coverage: Services clients across 26 different industry segments
• Geographic Presence: Multiple branches across India

Regulatory Compliance

The appointment fulfills Foseco India's regulatory obligations under SEBI LODR requirements. The company has provided detailed disclosures as mandated by Regulation 30 of the SEBI LODR, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The announcement was formally communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with listing requirements and maintaining transparency with stakeholders.