Other Industrial products Carborundum Universal announced Q3FY23 results: Consolidated Q3FY23: Sales for the quarter, increased by 32% to Rs 1,172 crore from Rs 891 crore in the corresponding quarter last year, driven by strong performance in Electrominerals and Ceramics segments along with additional sales of Rs 145 crore from recent overseas acquisitions. Profitability for the quarter recorded strong growth across Electrominerals and Ceramics segments. Profit after tax and non-controlling interest for the quarter grew sequentially by 23% to Rs 109 crore against Rs 89 crore in the second quarter and by 7% compared to Q3FY23. Capital expenditure incurred during the nine months ended December 31, 2022, was Rs 267 crore at consolidated level. The debt-equity ratio at the consolidated level was 0.14. The cash and cash equivalents including deposits with tenure exceeding 3 months net of borrowings was at Rs 30 crore at the consolidated level. Standalone Q3FY23: Sales grew by 6% to Rs 634 crore from Rs 596 crore in the corresponding quarter of last year. Consolidated segmental operating Q3FY23: Segment revenue for the quarter grew by 50% to Rs 513 crore compared to Rs 341 crore in Q3FY23. Standalone abrasives almost flat at Rs 282 crore against Rs 280 crore. Profit before finance cost and tax at consolidated level was lower by 56% at Rs 21 crore as against Rs 47 crore in Q3FY23. Result PDF
Industrial products company Carborundum Universal announced Q2FY23 results: Consolidated Q2FY23: Increased by 34% to Rs.1117 Crore from Rs.834 Crore in the corresponding Q2FY22, driven by strong performance in the Electrominerals and Ceramics segments along with additional sales of Rs.141 Crore. PAT and non-controlling interest for the quarter grew sequentially by 13% to Rs.89 Crore against Rs.79 Crore in Q1FY23. It de-grew by 9% compared to Q2FY22 on account of input cost inflation. The capital expenditure incurred during H1FY23 was Rs.177 Crore at the consolidated level. The debt-equity ratio was 0.14. The borrowings (net of cash) were at Rs.78 Crore. Standalone Q2FY23: The sales grew by 11% to Rs.610 Crore from Rs.551 Crore. Result PDF
Industrial Products firm Carborundum Universal Announced Q1FY23 Result : Consolidated Sales at Rs.1129 Crores, up by 60% PAT at Rs.79 Crores, up by 2% Standalone Sales at Rs.600 Crores, up by 29% PAT at Rs.73 Crores, up by 16% Consolidated sales for the quarter, increased by 60 percent to Rs.1129 Crores from Rs.706 Crores in last year, driven by steady performance across business segments and additional sales of Rs.181 Crores from newly acquired subsidiaries. At standalone level, sales grew by 29 percent to Rs.600 Crores from Rs.465 Crores. On a consolidated basis, profitability for the quarter recorded strong growth across Minerals and Ceramics segments. Profit after tax and non-controlling interest for the quarter grew by 38 percent to Rs.79 Crores against Rs.57 Crores in Q4 of last year. However, Profit after tax and non-controlling interest for the quarter grew up by 2 percent compared to Q1 of last year. The profit for the quarter was mainly impacted by exchange loss in the Russian Subsidiary due to strengthening of Rouble. The capital expenditure incurred during the quarter was Rs.56 Crores at consolidated level. The debt equity ratio was at 0.09. The net cash was at Rs.118 Crores. Result PDF
Other Industrial Products company Carborundum Universal declares Q4FY22 result: Consolidated Sales at Rs.3290 Crores, up by 26% PAT at Rs.333 Crores, up by 17% Standalone Sales at Rs.2192 Crores, up by 33% PAT at Rs.254 Crores, up by 38% Consolidated sales for the year, increased by 26 percent to Rs.3290 Crores from Rs.2604 Crores in the last year, driven by steady performance across business segments. At standalone level, sales grew by 33 percent to Rs.2192 Crores from Rs.1649 Crores. On a consolidated basis, profitability for the year recorded strong growth across all three segments. Profit after tax and non-controlling interest grew by 17 percent to Rs.333 Crores against Rs.284 Crores in the last year. The capital expenditure incurred during the year 2021-22 was Rs.170 Crores at consolidated level. The debt equity ratio at the consolidated level was 0.09. Cash and cash equivalents including deposits with tenure exceeding 3 months net of borrowings was at Rs.138 Crores. Free cash flow (FCF) for the year ended 31st March 2022 was at Rs.118 Cr, which at 35% of PAT was lower compared to previous financial year FCF, which was 133% of FY 21 PAT. This was mainly on account of strategically maintaining higher inventories considering uncertain external environment and higher CAPEX spend. Return on Invested Capital (ROIC) for three major segments together moved from 27% in FY21 to 31% in FY22. During the financial year, the Company made three acquisitions - PLUSS Advanced Technologies in India; Awuko Abrasives and Rhodius Abrasives in Germany for a total consideration of Rs.660 crores. These were fully funded out of internal accruals. Result PDF