Carborundum Universal net profit rises

: City-based Carborundum Universal Limited, a manufacturer of abrasives, ceramics, machine tools and adhesives, has recorded a 7.32 per cent increase in net profit during July-September 2018.

The net profit rose to Rs 62.73 crore from Rs 58.45 crore made during the corresponding period last year, a press release from the company, which is a part of Murugappa group, said here.

The income grew to Rs 668.31 crore (Rs 591.58 crore), the release said.

For the six-month period ending September 30, the net profit grew to Rs 128.02 crore from Rs 100.22 crore in the corresponding period last year while the income went upto Rs 1,313.13 crore (Rs 1,149.06 crore), it said.

During the period, the capital expenditure was Rs 38 crore, the release said.

The debt equity ratio on a consolidated basis rose from a percentage of 0.08 as of June to a percentage of 0.06 as of September," it added.

The share of the company ruled at Rs 362.45 up by 0.19 per cent over the previous close on the Bombay Stock Exchange (BSE).