Comments
Carborundum Universal Ltd (CUMI), part of the diversified conglomerate Murugappa Group, has reported a decline in consolidated net profit to Rs 28 crore in the first quarter ended June 30 (Rs 36 crore). Revenue marginally increased to Rs 526 crore (Rs 522 crore).
However, The first quarter of this financial year was much better and “we expect things to be better from the second quarter,” according to Managing Director K. Srinivasan.
The company’s share price on the BSE closed at Rs 106.05, down by Rs 2.40 over the previous day’s closing price.
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.