Vesuvius India Limited has announced the appointment of M/s J K & Co, Cost Accountant as the company's Cost Auditor for Financial Year 2026. The Board of Directors approved this appointment during their meeting held on February 26, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The cost auditor appointment is structured with specific terms and duration as outlined by the company's board decision.

Profile of the Appointed Cost Auditor

M/s J K & Co, Cost Accountant operates as a proprietorship firm comprising 4 qualified Cost Accountants who possess over 20 years of experience across various domains. The firm demonstrates capability in handling diverse assignments with expertise spanning multiple industry sectors.

The cost auditing firm maintains operational presence across three strategic locations:

• Visakhapatnam, Andhra Pradesh
• Vijayawada, Andhra Pradesh
• Hyderabad, Telangana

Industry Expertise and Service Portfolio

J K & Co serves clients across multiple industry verticals, demonstrating broad sectoral experience:

• Steel industry
• Edible Oils sector
• Construction industry
• Pharmaceuticals
• Fertilizers manufacturing
• Healthcare and Hospitals
• Spinning industry

Beyond cost auditing services, the firm provides comprehensive financial and advisory services including Product Costing and Product Profitability analysis, GST Audit, Audit of Indirect Taxes, and consultation services for Mergers, Acquisitions & Amalgamations.

Regulatory Compliance

The appointment fulfills the company's regulatory obligations under SEBI Listing Regulations. Vesuvius India Limited operates on a calendar year basis, with its financial year ending on December 31 each year. The company has formally notified both BSE Limited and National Stock Exchange of India Limited regarding this appointment, ensuring full compliance with disclosure requirements.

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.