Industrial Products company Carborundum Universal announced Q3FY24 & 9MFY24 results: Consolidated: Consolidated sales for 9MFY24 were at Rs 3,445 crore (0.8% increase over the corresponding period in last year) with profit after tax at Rs 326 crore (17.9% increase over the corresponding period of last year). Consolidated sales for Q3FY24 was at Rs 1,130 crore (3.6% de-growth over last year) with profit after tax at Rs 111 crore with a growth of 9.2% over Q2FY24 and growth of 2% compared to Q3FY23. Free cash flow at the consolidated level, on a YTD basis was 75% of PAT compared to -33% during the corresponding period last year. The debt-equity ratio at the consolidated level was 0.04. Cash and cash equivalents net of borrowings was at Rs 342 crore against Rs 221 crore at the end of Q2FY24. The capital expenditure incurred during nine months was Rs 154 crore at the consolidated level. Standalone: Standalone sales during 9MFY24 were at Rs 1,937 crore (5.0% increase over the corresponding period in last year) with profit after tax at Rs 256 crore (18.1% increase over the corresponding period of last year). Standalone sales for Q3FY24 was almost flat at Rs 635 crore compared to Q3FY23 and de-growth of 1.4% compared to Q2FY24. Profit after tax was at Rs 80 crore with a growth of 10.9% over Q3FY23 and de-growth of 3.2% sequentially. At the standalone level, it was at 80% of PAT compared to 10% during the corresponding period last year. The Board of Directors of the Company at its meeting held on Jan 31, 2024, has declared an interim dividend of Rs 1.50/- per share (150% on face value of Re 1) to the shareholders of the Company. Result PDF