Vesuvius India delivered strong financial results in its third quarter, demonstrating robust operational performance across key metrics. The company reported significant growth in profitability while maintaining healthy revenue expansion and improved operational efficiency.

Financial Performance Overview

The company's financial metrics showed consistent improvement across all major parameters during the quarter:

Profitability and Revenue Growth

Vesuvius India's net profit registered a substantial increase of 33.9% year-on-year, reaching ₹802 million compared to ₹599 million in the corresponding quarter of the previous year. This strong profit growth was supported by revenue expansion of 7.8%, with total revenue rising to ₹5.5 billion from ₹5.1 billion year-on-year.

Operational Efficiency Improvements

The company demonstrated enhanced operational efficiency during the quarter, with EBITDA growing 14.3% to ₹936 million from ₹819 million in the same period last year. More notably, EBITDA margin expanded to 16.99% from 16.11% year-on-year, reflecting an improvement of 88 basis points and indicating better cost management and operational leverage.

Performance Analysis

The financial results highlight Vesuvius India's ability to deliver profitable growth while expanding market presence. The company's profit growth significantly outpaced revenue growth, suggesting improved operational efficiency and effective cost control measures. The expansion in EBITDA margin further reinforces the company's focus on enhancing profitability alongside business growth.

Vesuvius India Limited announced the outcome of its Board of Directors meeting held on February 26, 2026, where the company approved audited financial results for the financial year ended December 31, 2025, recommended a dividend of ₹1.50 per equity share, and made key leadership appointments including a new Chief Financial Officer.

Chief Financial Officer Transition

The Board approved the appointment of Mr. Neeraj Kumar Jumrani as the Chief Financial Officer effective March 16, 2026. Mr. Subhabrata Nandi will step down from his role as Interim Chief Financial Officer on March 15, 2026.

Mr. Jumrani brings over 20 years of experience with the Linde Group across multiple geographies including Indonesia, the Philippines, Vietnam, Singapore, and Malaysia. He currently serves as Chief Financial Officer and Finance Director of Linde India Limited, Kolkata. A Chartered Accountant with a Bachelor of Commerce degree from St. Xavier's College, Kolkata, Mr. Jumrani is recognized as a strategic leader with expertise in corporate finance, FP&A, treasury, taxation, and business transformation initiatives.

Financial Performance Highlights

The company delivered robust financial performance with significant growth across key metrics:

Dividend Declaration and Key Dates

The Board recommended a dividend of ₹1.50 per equity share of face value ₹1 each, subject to shareholder approval at the Annual General Meeting:

Additional Board Appointments

Beyond the CFO appointment, the Board approved several other strategic appointments to strengthen the leadership team:

Operational Developments

The company completed the transition from its erstwhile plant in Visakhapatnam to the new Al-Si Monolithic Plant at Anakapalli. The sale of the old plant generated a gain of ₹2,526 lakhs, contributing to other income for the year. Price Waterhouse Chartered Accountants LLP issued an unmodified audit opinion on the financial statements, confirming compliance with Indian Accounting Standards.