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Carborundum Universal Ltd, part of the Murugappa Group, has reported a consolidated net profit of ₹112 crore for the quarter that ended on December 31, 2023, compared with ₹113 crore in the year-ago quarter.
The Board has declared an interim dividend of ₹1.50 per share (on face value of ₹1 each per share).
Though the company reported better operating performance, higher tax outgo led to flat net profit in the December 2023 quarter.
Profit from operations stood at ₹153 crore (₹141 crore), while profit before tax was higher at ₹163 crore (₹147 crore).
Consolidated revenue from operations for the Q3 of this fiscal stood at ₹1,154 crore (₹1,187 crore).
On a standalone basis, the company’s net profit was higher at ₹80 crore in the December 2023 quarter (₹72 crore). Revenue from operations was flat at ₹643 crore.
For the first nine months of FY24, consolidated net profit grew to ₹334 crore (₹293 crore). Revenue from operations was higher at ₹3,501 crore (₹3,454 crore).
The debt-equity ratio at the consolidated level was 0.04. The capital expenditure incurred during the nine months was ₹154 crore at a consolidated level.
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