Comments
Carborundum Universal Ltd has reported a 55 per cent increase in profit after tax at ₹65 crore for the quarter ended June 30, 2018, against ₹42 crore in the year-ago period.
Consolidated gross sales for the quarter grew 22 per cent to ₹626 crore (₹512 crore), driven by better performances by all the business segments. At a standalone level, gross sales grew 28 per cent.
Revenue of the abrasive business stood at ₹262 crore (₹218 crore). The standalone standard mass market business, which was impacted by the GST rollout in Q1 FY18, had good growth to report in the latest quarter on a low base.
Electro minerals business revenue grew to ₹239 crore from ₹202 crore. India standalone business delivered good revenue growth on the back of higher volume and price growth. The Russian entity also delivered a better performance.
In the ceramics business, revenue was higher by 32 per cent at ₹145 crore when compared with ₹110 crore, driven by improvement in volumes from a standalone business.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.