Morganite Crucible (India) News

Morganite Crucible Q3FY26 Profit Drops 29% to ₹556.80 Lakhs

Morganite Crucible (India) Limited reported Q3FY26 net profit of ₹556.80 lakhs, down 29% YoY, despite revenue growth of 3.20%. Company faced exceptional charges of ₹277.73 lakhs due to new labour codes.

Morganite Crucible (India) Promoters Sell Shares Worth Over Rs 10 Lakh to Foseco India

Morganite Crucible Limited and Morgan Terrassen B.V., promoters of Morganite Crucible (India) Limited, sold 21,56,000 and 20,44,000 equity shares respectively on November 12, 2025 through off-market transactions. In consideration for the share sales, the promoters received 590,744 and 560,056 shares of Foseco India Limited respectively from the acquirer.

Morgan Terrassen B.V. Sells 36.5% Stake in Morganite Crucible India, Ceases Promoter Status

Morgan Terrassen B.V. completed an off-market sale of 20,44,000 equity shares (36.50% stake) in Morganite Crucible India Limited on November 12, 2025. Following this transaction, Morgan Terrassen B.V. and its Person Acting in Concert Morganite Crucible Limited will no longer be promoters of the company.

Morganite Crucible (India) Reports Q2 Results and Approves Multiple Policy Revisions

Morganite Crucible (India) Limited's Board approved unaudited financial results for the quarter and half-year ended September 30, 2025. The company reported revenue from operations of ₹4,592.97 lakhs for Q2 2025 compared to ₹4,430.60 lakhs in Q2 2024. Net profit for the quarter was ₹377.52 lakhs versus ₹691.50 lakhs in the previous year quarter. For the half-year period, revenue reached ₹8,847.31 lakhs compared to ₹8,720.25 lakhs in the previous year. The Board also approved amendments to Terms of Reference and composition changes of the Audit Committee, and revised multiple policies including Corporate Social Responsibility Policy, Insider Trading Policy, Nomination and Remuneration Policy, Risk Management Policy, Policy on Determination of Materiality of Event, and Policy on Materiality of Related Party Transactions. Additionally, the company noted that Morgan Advanced Materials plc entered into a Share Purchase Agreement with Vesuvius Plc to divest its Molten Metal Systems business, which includes a 75% equity stake in the company, for aggregate consideration of ₹65,394 lakhs.