Carborundum Universal Limited

Carborundum Universal records Q3 consolidated net profit at Rs 37.61 crore

Abrasives manufacturer Carborundum Universal Ltd has reported a consolidated net profit of Rs 37.61 crore for the October-December 2024 quarter, the company said. The city-headquartered company had registered a net profit of Rs 111.98 crore in the corresponding quarter of last year. The net profit for the nine month period ending December 31, 2024 stood at Rs 268.61 crore, as against Rs 333.62 crore recorded in the year ago period, the Murugappa Group company said in a statement on Friday. The consolidated total income during the quarter under review surged to Rs 1,271.83 crore, from Rs 1,165 crore registered in the corresponding quarter of last financial year. For the nine month period ending December 31, 2024 the consolidated total income grew to Rs 3,711.84 crore from Rs 3,565.11 crore registered in the same period of last financial year. The company said it incurred capital expenditure of Rs 202 crore at a consolidated level during the first nine months of the current financia

Carborundum Universal results: Consolidated Q1 net profit at Rs 114.84 cr

Abrasives manufacturer Carborundum Universal Ltd (CUMI) has reported a consolidated net profit for April-June 30, 2024 at Rs 114.84 crore, the company said on Tuesday. The city-based company, part of the diversified conglomerate Murugappa Group, had registered a net profit of Rs 117.76 crore during the corresponding quarter of last year. For the year ending March 31, 2024, the consolidated net profit was at Rs 476.18 crore. The consolidated total income during the June-quarter fell to Rs 1,204.56 crore, from Rs 1,234.13 crore registered during the corresponding quarter of last year. For the year ending March 31, 2024, the consolidated total income was at Rs 4,778.84 crore. The company said the consolidated abrasives grew at 6.3 per cent during the April-June 2024 quarter, while the ceramics and electro-minerals segment fell by 6 per cent and 9 per cent respectively. "Profit after tax and non-controlling interest for the quarter was almost flat at Rs 113 crore against Q1 of last y

Murugappa Group resolves longstanding family dispute, strikes deal

Necessary transactions to take place within the next 90 days; no impact on listed entities

Carborundum Universal reports 36.9% jump in Q1 net profit to Rs 117.76 cr

Abrasives and industrial ceramics-maker Carborundum Universal Ltd (CUMI) has reported a net profit of Rs 117.76 crore for the April-June 2023 quarter up by 36.9 per cent on account of strong growth recorded across business verticals, the company said on Wednesday. The Chennai-based company, part of the diversified conglomerate Murugappa Group, had registered a consolidated net profit of Rs 85.99 crore. For the year ending March 31, 2023, the consolidated net profit was at Rs 441.70 crore. The consolidated total income during the April-June 2023 quarter grew to Rs 1,234.13 crore from Rs 1,164.70 crore registered in the corresponding period of last year. For the full year ended March 31, 2023, the consolidated total income was Rs 4,731.01 crore. In a statement, the company said consolidated sales for the quarter ending June 30, 2023, increased to Rs 1,191 crore from Rs 1,129 crore recorded in the same period of last year. This was attributed to strong performance across business ..

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Carborundum Universal reports profit more than double to Rs 137 cr in Q4

On a consolidated basis, profitability for the year recorded a strong growth across electrominerals and ceramics segments

Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

Carborundum Universal up 5% on pact to acquire controlling stake in PLUSS

The company has entered into a definitive agreement for acquiring a controlling stake in PLUSS Advanced Technologies Private Limited (PLUSS), at an initial investment of Rs 115 crore

Carborundum Universal looks to boost revenue to Rs 32 billion by FY20

The company has been investing into developing new materials, and into over 250 Intellectual Property filings