Carborundum Universal Ltd, part of the Murugappa Group, has reported a significantly lower consolidated net profit after tax of ₹38 crore for the quarter that ended on December 31, 2024, when compared with ₹112 crore in the year-ago quarter.

The Board has declared an interim dividend of ₹1.50 per share (150 per cent on face value of ₹1 each per share).

Profit from operations before share of profit of equity accounted investees and income tax stood at ₹137 crore in Q3FY25 as against ₹153 crore in Q3FY24, while profit before tax stood at ₹43 crore when compared with ₹163 crore in Q3 of FY24.

Quarterly sales

Consolidated sales for the Q3 of this fiscal were higher at ₹1,241 crore as against ₹1,130 crore in the same period of last year, driven by growth in ceramics and electrominerals segments.

For 9 months of FY25, consolidated net profit was lower at ₹269 crore as against ₹334 crore in the same period previous fiscal. Sales were higher at ₹3,635 crore when compared with ₹3,445 crore.

Consolidated profit after tax and non-controlling interest for nine months ended December 31, 2024, without exceptional items relating to VAW was ₹339 crore, which is an increase of 4 per cent compared to the same period last year. After these exceptional items, consolidated profit after tax and non-controlling interest was ₹264 crore.

The company’s standalone net profit was almost flat at ₹80.56 crore (₹80.15 crore in Q3FY24). Revenue from operations was higher at ₹728 crore (₹635 crore). “This was the highest quarterly sales. This growth was majorly contributed by the ceramics and electrominerals segment. Standalone sales for nine months were at ₹2,097 crore, a growth of 8.2 per cent over the year-ago period,” according to a statement.

The debt-equity ratio at the consolidated level was 0.03. The capital expenditure incurred during the 9 months was ₹202 crore at a consolidated level as against ₹154 crore.

Published on February 13, 2025