Financial Daily from THE HINDU group of publications
Wednesday, Feb 02, 2005
Financial Daily from THE HINDU group of publications Wednesday, Feb 02, 2005 |
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Corporate Results
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Abrasives 64 pc rise in Carborundum Q3 net Our Bureau
CHENNAI: Carborundum Universal has reported a net profit of Rs 9.27 crore for the third quarter of the current year, compared with Rs 5.65 crore in the sameperiod last year, a rise of 64 per cent. The company has attributed the rise in net profit to improved operations and better electricity generation by the hydel power plant in Kerala. Meanwhile, the company has announced some top-level changes. Mr Ramesh Agarwal, Managing Director, has retired from the company following his superannuation. In Mr Agarwal's place, the board of directors has appointed Mr K. Srinivasan, currently Vice-President - Marketing in the abrasives division, as President and Wholetime Director.
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