Industrial Products company Carborundum Universal declares Q3FY22 result: Consolidated Sales at Rs.891 Cr, up by 23% PAT at Rs.102 Cr, up by 16% Standalone Sales at Rs.596 Cr, up by 22% PAT at Rs.67 Cr, up by 1.3% Consolidated sales for the quarter, increased by 23 percent to Rs.891 Cr from Rs.727 Cr in the corresponding period of last year, driven by steady performance across business segments. At standalone level, sales grew by 22 percent to Rs.596 Cr from Rs.488 Cr. On a consolidated basis, segmental profitability for the Quarter recorded strong growth across all three segments. Profit before tax was Rs.141 Cr as against Rs.114 Cr, and Profit after tax and non-controlling interest grew by 16 percent to Rs.102 Cr against Rs.88 Cr in Q3 of previous year. Profitability at standalone level were impacted due to increasing input costs. The capital expenditure incurred during the nine months ended December 31, 2021 was Rs.118 Cr at Consolidated level. The debt equity ratio was 0.0156. Cash and cash equivalents including deposits with tenure exceeding 3 months net of borrowings was at Rs.616 Cr. Result PDF
Financial Highlights: Consolidated Sales at Rs.834 Cr, up by 22% PAT at Rs.98 Cr, up by 13% Standalone Sales at Rs.551 Cr, up by 30% PAT at Rs.63 Cr, up by 25% Profit before tax was Rs.137 Cr as against Rs.123 Cr Profit after tax and non-controlling interest grew by 13% to Rs.98 Cr against Rs.86 Cr in Q2 of previous year. The capital expenditure incurred during the first half year was Rs.71 Cr. The debt equity ratio was 0.018. Cash and cash equivalents including deposits with tenure exceeding 3 months net of borrowings was at Rs.650 Cr. Result PDF