Carborundum Universal Ltd , part of the Chennai-based Murugappa Group and engaged in manufacturing abrasives, ceramics, refractories, and electro-minerals, reported a decline in profits for Q2FY26 despite revenue growth.
Financial Highlights:
- Revenues increased 6.05% year-on-year to ₹1,298 crore from ₹1,224 crore.
- Total expenses rose 11.34% to ₹1,208 crore from ₹1,085 crore.
- Consolidated net profit fell 36.21% to ₹74 crore from ₹116 crore.
- Earnings per share decreased 35.80% to ₹3.91 from ₹6.09.
The profit decline was primarily due to higher expenses outpacing revenue growth, impacting the overall margin.
Outlook:
Carborundum Universal Ltd is focusing on operational efficiencies, cost management, and product innovation to revive profitability in forthcoming quarters.
Explore the company’s past earnings and latest concall transcripts, click here to visit the AlphaStreet India News Channel.
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