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Carborundum Universal reported a 49 per cent drop in net profit to Rs 34 crore for the quarter ended September 30, 2012, against Rs 66 crore in the corresponding quarter last year.
Profitability of all businesses came under pressure. Margins came under pressure due to rising input costs, a strong dollar, and a challenging customer market.
Revenue grew by 4 per cent to Rs 522 crore (Rs 502 crore). Sales growth was driven by the performance of both Indian and overseas operations.
The ceramics business segment recorded a growth rate of 14 per cent; abrasives business grew 3 per cent and electro minerals business de-grew by 3 per cent, a press release said.
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