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Abrasives and ceramics maker Carborundum Universal posted a consolidated profit after tax of ₹61 crore for the quarter ended December 2019, a 3.4 per cent increase from ₹59 crore recorded for the same period last year.
Consolidated sales of the Murugappa Group company decreased by 6 per cent during the quarter to ₹642 crore from ₹683 crores in the corresponding quarter of the previous year. The decrease in sales was attributed to lower volumes from abrasives and electro minerals segments.
Segment Revenue of abrasives fell from Rs 299 crore in the previous December to Rs 263 crore in Q3FY 20 while ceramics revenue grew from Rs 149 crore to Rs 152 crore during the same period. Revenue from electrominerals segment fell from Rs 264 crore to Rs 244 crore on a year-on-year basis as on December 2019. The consolidated revenue for the quarter de-grew by 12 per cent in comparison to the corresponding period of last year.
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