Other industrial products company Carborundum Universal announced Q1FY24 results: Consolidated sales for Q1FY24, increased by 6% to Rs 1,191 crore from Rs 1,129 crore in Q1FY23. This was contributed by strong performance across business segments. At the standalone level, sales grew by 10 per cent to Rs 659 crore from Rs 600 crore. On a consolidated basis, profitability for Q1FY24 recorded strong growth across all three segments. Profit after tax and non-controlling interest for Q1FY24 grew by 44% to Rs 113 crore against Rs 79 crore in Q1FY23. Compared to Q4FY23, profit was lower by 17% as we had an exceptional income of Rs 25 crore reported in Q4FY23. Without considering the exceptional income in Q4FY23, the growth in Q1FY24 profit sequentially would be 1%. At the standalone level, it increased by 28% QoQ to Rs 93 crore from Rs 73 crore during Q4FY23. The capital expenditure incurred during Q1FY24 was Rs 55 crore at the consolidated level. The debt-equity ratio at the consolidated level was 0.06. Cash and cash equivalents net of borrowings was at Rs 190 crore. Result PDF
Conference Call with Carborundum Universal Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Other Industrial Products company Carborundum Universal announced FY23 results: Consolidated sales for FY23, increased by 40 percent to Rs 4,601 crore from Rs 3,290 crore in FY22 Sales of Rs 673 crore from recently acquired subsidiaries viz., Awuko, Rhodius and Pluss At standalone level, sales grew by 13 percent to Rs 2,473 crore from Rs 2,192 crore Profit after tax and non-controlling interest grew by 24 percent to Rs 414 crore against Rs 333 crore in FY22 At standalone level, it increased by 30 percent to Rs 331 crore from Rs 254 crore during FY22 The capital expenditure incurred during FY23 was Rs 294 crore at a consolidated level The debt equity ratio at the consolidated level was 0.08 Cash and cash equivalents including deposits with tenure exceeding 3 months net of borrowings was at Rs 166 crore The Board of Directors of the company has recommended a final dividend of Rs 2.00/- per share (200% on the face value of Re 1 per share) to the shareholders of the company. The company had earlier paid an interim dividend of Rs 1.50/- per share, thus aggregating to a total dividend of Rs 3.50/- per share (350% on the face value of Re 1 per share). Result PDF