Foseco India Limited has informed the Exchange regarding Re-appointment of Ernst & Young LLP, Internal Auditor of the Company w.e.f. April 01, 2026.
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Foseco India Limited reported standalone Q4 FY2026 revenue of Rs 16,270 Lakhs, up 9.5% year-on-year from Rs 14,851 Lakhs. Net profit grew to Rs 2,396 Lakhs versus Rs 2,167 Lakhs in Q4 FY2025. On a consolidated basis (including subsidiary Foseco Crucible India), revenue jumped 35.9% to Rs 20,188 Lakhs and net profit rose 54.5% to Rs 3,349 Lakhs, reflecting the full-quarter impact of the acquisition completed in January 2026. The statutory auditors issued an unmodified (clean) review report for both standalone and consolidated results. The Board also re-appointed Ernst & Young LLP as Internal Auditor for one year effective April 1, 2026. Exceptional items of Rs 216 Lakhs (reversal of labour code provision) were recorded at the subsidiary level.
Strong quarter with robust revenue and profit growth, boosted by the newly consolidated subsidiary. The clean audit report and re-appointment of a Big Four firm as internal auditor signal sound governance, which should be positive for investor confidence.