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Our Bureau

Chennai , July 24

Carborundum Universal Ltd has reported a 46-per-cent growth in net profit at Rs 12.92 crore on net sales of Rs 113.64 crore for the quarter ended June 30, 2006. During the corresponding period in the previous year, the company reported a net profit of Rs 8.87 crore on net sales of Rs 88.01 crore. According to a press release from the Murugappa group company, it has reported a buoyancy in its product lines - abrasives, ceramics and electro minerals.

Its joint venture with Jingri Industrial Diamond Company, a company promoted by CEEB (the China Engineering and Exploration Bureau), at an investment of $4.9 million (Rs 20 crore) would strengthen it position in the domestic and international markets, the release said.

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