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.
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