Foseco India Limited has released its financial results for the second quarter, showcasing a mixed performance with improvements in revenue and EBITDA, but a decline in net profit.

Financial Highlights

Revenue Growth

Foseco India reported a revenue of ₹1,507.16 crore for the quarter, marking a 7.08% increase from ₹1,407.48 crore in the same quarter last year. This growth indicates a positive trend in the company's top-line performance.

Improved Operational Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant improvement, rising to ₹275.00 crore from ₹239.00 crore in the previous year's corresponding quarter. This represents a 15.06% year-over-year increase. The EBITDA margin also expanded to 18.27% from 17.01%, suggesting enhanced operational efficiency.

Net Profit Decline

Despite the growth in revenue and EBITDA, Foseco India experienced a decline in net profit. The company reported a net profit of ₹165.00 crore for the quarter, down 13.61% from ₹191.00 crore in the corresponding quarter of the previous year.

Corporate Actions

The company's Board of Directors met on November 6 to approve the unaudited financial results for the quarter and nine months ended September 30. The meeting commenced at 17:10 hours (IST) and concluded at 17:50 hours (IST).

Exceptional Item

Foseco India recognized an exceptional item of ₹47.985 crore during the quarter. This expense is related to regulatory fees, stamp duty, advisory and valuation consultancy costs associated with the proposed acquisition of Morganite Crucible (India) Limited.

Future Prospects

Foseco India, along with its promoters, has entered into a Share Purchase Agreement (SPA) with the promoters of Morganite Crucible (India) Limited (MCIL) to acquire a 75% equity stake in MCIL. The acquisition, valued at ₹653.94 crore, will be effected through a share swap arrangement. This strategic move could potentially impact the company's future financial performance and market position.

Investors and market watchers will be keen to see how Foseco India addresses the challenges that led to the net profit decline while capitalizing on its revenue growth and operational improvements in the coming quarters.

Foseco India Limited , a key player in the foundry industry, has announced a further extension of the Long Stop Date under its share purchase agreement. This development marks a significant update in the ongoing corporate action involving the company and its promoters.

Key Details of the Extension

Extension Process

The company and the MCIL Promoters (Morganite Crucible Limited and Morgan Terrassen B.V.) reached an understanding on the further extension after the close of normal trading hours on October 31, 2025. This understanding was formally recorded in writing on November 1, 2025.

Implications and Expectations

With this extension, the completion of the acquisition under the share purchase agreement is now expected to occur by November 14, 2025. This marks the second extension of the Long Stop Date, indicating ongoing developments in the acquisition process.

Regulatory Compliance

Foseco India Limited has duly informed the stock exchanges about this extension, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has emphasized that apart from the extension of the Long Stop Date, there are no other changes to the details of the Share Purchase Agreement previously submitted on August 22, 2025, and October 15, 2025.

This extension of the Long Stop Date suggests ongoing negotiations or processes related to the share purchase agreement. Shareholders and market participants will likely be watching closely for further updates as the new deadline approaches.