During the quarter, total expenses rose 23.27% to Rs 285.33 crore. Cost of material consumed soared 20.11% to Rs 129.07 crore while employee expense jumped 14.10% to Rs 21.77 crore.

Meanwhile, the company has completed the acquisition of industrial freehold land at Vizag at around Rs 48.50 crore to meet future expansion/business needs.

Vesuvius India is engaged in the business of manufacturing, trading and sale of a range of refractories and is having its manufacturing facilities located in India.