Carborundum Universal :Q1FY18 results
DSIJ Intelligence / 31 Jul 2017
The company's total sales for Q4FY17 came in at Rs. 546 crore, which represents a 7.77 per cent sequential decline and 2.61 per cent YoY increase.
Carborundum Universal Ltd. reported its results for the quarter ended March 31, 2017 today. The consolidated numbers were largely muted due to subdued earnings.
The company's total sales for Q4FY17 came in at Rs. 546 crore, which represents a 7.77 per cent sequential decline and 2.61 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 45.76 crore and its EBIT margin stood at 8.38 per cent.
The company reported PAT of Rs 41.7 crore, which represents a sequential QoQ decline of 9.94 per cent and a YoY decline of 3.25 per cent.
The company's stock today opened at Rs 350 on the BSE and fell 3.3 per cent after the results were declared and was trading around Rs 338.80 intra-day.
Carborundum Universal Limited manufactures, services and provides solutions for abrasives, electrominerals or ceramics. The company's segments include abrasives, ceramics and electrominerals.