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for Industry - Abrasives & Bearings
Reported APAT at Rs 247 crore against estimate of Rs 256 crore (up 5.1% y-o-y), while EBITDA margins contracted by 40 bps y-o-y to 18.1% (against estimate of 18%).
Bottomline met expectations on a 4.7% beat in EBITDA.It is noteworthy that Scheffler continue to sustain momentum in exports as exports grew by 13.4% y-o-y and contributed 14.8% to topline in Q2CY24
Carborundum Universal (CUMI) has reported a good set of numbers in Q4FY23, with in line revenue performance, higher PAT on account of higher other income from JVs and associates. For full year FY23, consolidated revenue grew a whopping 40% YoY at Rs46.5bn (includes Rs6.9bn from the newly acquired European subsidiaries).