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Foseco Crucible Q2 FY27 results: net profit up 62.0% to ₹14.22 crore, revenue up 15.8%
Foseco Crucible (India) Ltd reported standalone Q2 FY27 revenue of ₹53.18 crore, up 15.8% from ₹45.93 crore a year earlier. Net profit rose 62.0% to ₹14.22 crore, while EBITDA increased 49.4% to ₹19.08 crore and the EBITDA margin expanded 8.1 percentage points to 35.9%.
Key points
- Standalone Q2 FY27 revenue was ₹53.18 crore, up 15.8% from ₹45.93 crore in Q2 FY26.
- EBITDA rose to ₹19.08 crore from ₹12.77 crore, with the margin widening to 35.9% from 27.8%.
- Net profit was ₹14.22 crore, up 62.0% from ₹8.78 crore, and basic EPS increased to ₹25.40 from ₹15.67.
- H1 FY27 revenue rose 15.1% to ₹101.85 crore and net profit increased 68.5% to ₹24.52 crore.
- Foseco Crucible had cash and cash equivalents of ₹54.02 crore and no borrowings as of 30 September 2026.
How did Foseco Crucible perform in Q2 FY27?
Foseco Crucible reported standalone revenue of ₹53.18 crore for Q2 FY27, up ₹7.25 crore or 15.8% from ₹45.93 crore in Q2 FY26 and ₹4.50 crore or 9.2% from ₹48.68 crore in Q1 FY27. Total income was ₹54.76 crore, against ₹48.44 crore a year earlier and ₹49.20 crore in the previous quarter.
EBITDA rose to ₹19.08 crore from ₹12.77 crore in Q2 FY26, an increase of ₹6.31 crore or 49.4%. The EBITDA margin increased 8.1 percentage points to 35.9% from 27.8%, although it was 1.5 percentage points lower than 37.4% in Q1 FY27.
Profit before tax was ₹18.08 crore, up from ₹12.42 crore a year earlier and ₹14.91 crore in the previous quarter. Net profit rose to ₹14.22 crore from ₹8.78 crore a year earlier and ₹10.29 crore in the previous quarter, while basic EPS increased to ₹25.40 from ₹15.67 and ₹18.38, respectively.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 53.18 | 48.68 | 45.93 | +15.8% | +9.2% |
| Other income | 1.59 | 0.52 | 2.51 | −36.7% | +205.8% |
| Total expenses | 36.68 | 33.14 | 36.02 | +1.8% | +10.7% |
| EBITDA | 19.08 | 18.19 | 12.77 | +49.4% | +4.9% |
| EBITDA margin | 35.9% | 37.4% | 27.8% | +8.1 pp | −1.5 pp |
| Profit before tax | 18.08 | 14.91 | 12.42 | +45.6% | +21.3% |
| Tax | 3.85 | 4.62 | 3.64 | +5.8% | −16.7% |
| Net profit | 14.22 | 10.29 | 8.78 | +62.0% | +38.2% |
| EPS (₹) | 25.40 | 18.38 | 15.67 | +62.1% | +38.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Foseco Crucible's costs and profit?
Against Q2 FY26, total expenses were ₹36.68 crore, up ₹0.66 crore or 1.8%. Cost of materials consumed rose ₹1.40 crore or 9.7% to ₹15.77 crore, employee cost increased ₹0.46 crore or 9.3% to ₹5.40 crore, and other expenses rose ₹0.76 crore or 6.3% to ₹12.88 crore.
Finance costs declined by ₹0.01 crore or 25.0% to ₹0.03 crore, while depreciation fell by ₹0.26 crore or 9.2% to ₹2.56 crore. Other income was lower by ₹0.92 crore or 36.7% at ₹1.59 crore. There was no exceptional item in Q2 FY27, compared with an exceptional charge of ₹1.14 crore in Q1 FY27.
Tax expense was ₹3.85 crore, up ₹0.21 crore or 5.8% from ₹3.64 crore in Q2 FY26. Profit before tax rose by ₹5.66 crore to ₹18.08 crore, while net profit increased by ₹5.44 crore to ₹14.22 crore. The filing did not state any reason for the changes in the cost lines.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 15.77 | 14.37 | +1.40 | +9.7% |
| Employee cost | 5.40 | 4.94 | +0.46 | +9.3% |
| Finance costs | 0.03 | 0.04 | −0.01 | −25.0% |
| Depreciation | 2.56 | 2.82 | −0.26 | −9.2% |
| Other expenses | 12.88 | 12.12 | +0.76 | +6.3% |
| Total expenses | 36.68 | 36.02 | +0.66 | +1.8% |
| Other income | 1.59 | 2.51 | −0.92 | −36.7% |
| Tax | 3.85 | 3.64 | +0.21 | +5.8% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue was ₹101.85 crore, up ₹13.38 crore or 15.1% from ₹88.47 crore in H1 FY26. Total income rose 11.7% to ₹103.96 crore from ₹93.09 crore.
Profit before tax increased 58.2% to ₹32.99 crore from ₹20.85 crore. Net profit rose 68.5% to ₹24.52 crore from ₹14.55 crore, and basic EPS increased to ₹43.78 from ₹25.98.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 101.85 | 88.47 | +15.1% |
| Profit before tax | 32.99 | 20.85 | +58.2% |
| Net profit | 24.52 | 14.55 | +68.5% |
| EPS (₹) | 43.78 | 25.98 | +68.5% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹193.13 crore, against ₹169.02 crore as of 31 March 2026, while total equity was ₹157.55 crore against ₹140.16 crore. Foseco Crucible reported no borrowings at either date.
Cash and cash equivalents increased to ₹54.02 crore from ₹36.87 crore at 31 March 2026. Inventories were ₹21.83 crore against ₹21.46 crore, trade receivables ₹33.49 crore against ₹25.44 crore, and trade payables ₹17.43 crore against ₹15.76 crore.
In H1 FY27, net cash generated from operating activities was ₹29.52 crore, compared with ₹11.93 crore in H1 FY26. Investing cash flow was negative ₹3.86 crore against negative ₹6.26 crore, while financing cash flow was negative ₹7.27 crore against negative ₹10.95 crore. Capital expenditure was ₹4.00 crore compared with ₹6.35 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 193.13 | 169.02 |
| Total equity | 157.55 | 140.16 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 54.02 | 36.87 |
| Inventories | 21.83 | 21.46 |
| Trade receivables | 33.49 | 25.44 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 29.52 | 11.93 |
| Cash from investing | −3.86 | −6.26 |
| Cash from financing | −7.27 | −10.95 |
| Capital expenditure | 4 | 6.35 |
Source: Company's results filing (XBRL).
How has Foseco Crucible done over the last 8 quarters?
Foseco Crucible’s quarterly revenue reached its highest point in the reported series in Q2 FY27 at ₹53.18 crore, after falling to its lowest level of ₹37.35 crore in Q4 FY26. Revenue then rose to ₹48.68 crore in Q1 FY27 and increased again in Q2 FY27.
Net profit bottomed at a loss of ₹1.40 crore in Q4 FY26 and reached its highest reported level of ₹14.22 crore in Q2 FY27, after ₹10.29 crore in Q1 FY27. The EBITDA margin peaked at 37.4% in Q1 FY27 and eased to 35.9% in Q2 FY27, from its low of 15.5% in Q4 FY25.
Revenue and profit each rose year on year in each of the last two quarters. The quarterly sequence shows both measures moving higher from the Q4 FY26 low into Q2 FY27, although the EBITDA margin declined from the preceding quarter.
How did Foseco Crucible shares react?
The results were announced after market hours on 28 October 2026. From the price when the filing appeared, the stock was down 0.4% after five minutes, up 0.3% after 15 minutes and up 0.5% after 30 minutes. On the reaction day, it closed 0.4% below the previous close.
By the next day’s close, the stock was down 4.7% from its pre-results close. The Electrodes & Refractories industry median was down 0.2% on the reaction day and down 1.9% by the next day’s close, making Foseco Crucible’s relative moves -0.3 percentage points and -2.8 percentage points, respectively. The Nifty Microcap 250 was up 0.7% on the reaction day and down 1.9% by the next day’s close.
Earlier reaction-day moves were mixed: the stock rose 10.1% on 3 August 2026 and 1.3% on 5 May 2026, while it fell 4.0% on 11 February 2026. Other recorded reactions included gains of 0.9% and declines of 2.8%, 6.2%, 0.9% and 6.4%.
| After the filing | Stock | Electrodes & Refractories median |
|---|---|---|
| 5 minutes | −0.4% | |
| 15 minutes | +0.3% | |
| 30 minutes | +0.5% | |
| Reaction day | −0.4% | −0.2% |
| Next day | −4.7% | −1.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 3 August 2026 | +10.1% |
| 5 May 2026 | +1.3% |
| 11 February 2026 | −4.0% |
| 11 November 2025 | +0.9% |
| 6 August 2025 | −2.8% |
| 22 May 2025 | −6.2% |
| 14 August 2024 | −0.9% |
| 21 May 2024 | −6.4% |
Source: MarketPing price-reaction measurement.
How did other Electrodes & Refractories companies do?
Six other Electrodes & Refractories companies filed results for the quarter as of 4 November 2026. Their median revenue growth was 0.7%, compared with Foseco Crucible’s 15.8% growth in Q2 FY27.
Five peers grew revenue more slowly than Foseco Crucible, while one grew faster. Two of the six peers reported higher profit, based on profit comparisons for six peers.
| Foseco Crucible revenue growth (YoY) | +15.8% |
|---|---|
| Median of 6 other Electrodes & Refractories companies | +0.7% |
| Companies with slower revenue growth than Foseco Crucible | 5 of 6 |
| Companies with faster revenue growth than Foseco Crucible | 1 of 6 |
| Companies whose net profit rose | 2 of 6 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Foseco Crucible's revenue in Q2 FY27?
Revenue from operations was ₹53.18 crore, up 15.8% from ₹45.93 crore in Q2 FY26 (standalone).
Did Foseco Crucible make a profit in Q2 FY27?
Yes. Net profit was ₹14.22 crore, against a net profit of ₹8.78 crore in Q2 FY26.
What was Foseco Crucible's EPS in Q2 FY27?
Basic earnings per share were ₹25.40, against ₹15.67 in Q2 FY26.
How did Foseco Crucible shares react to the Q2 FY27 results?
On the reaction day the stock moved −0.4% from the previous close; the median Electrodes & Refractories stock moved −0.2%.
When did Foseco Crucible announce its Q2 FY27 results?
On 28 October 2026, in a filing to the BSE.
Sources
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.