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Murugappa Group’s abrasive and ceramics maker Carborundum Universal Ltd has reported a 20 per cent growth in its consolidated net profit at ₹220 crore for the year ended March 31, 2018, compared with ₹184 crore in 2016-17.
Profit before tax increased to ₹322 crore from ₹262 crore. Consolidated revenue (exclusive of excise duty) for the full year stood at ₹2,330 crore against ₹2,080 crore, driven by better performance from all the major segments.
For the quarter ended March 31, 2018, the consolidated net profit grew to ₹63 crore (₹46 crore) an increase of 37 per cent.
Consolidated revenue stood at ₹638 crore against ₹548 crore.
“Full year consolidated segmental profitability improved for abrasives and electro minerals businesses on the back of higher sales volume,” according to a statement.
The company’s capital expenditure was ₹92 crore on a consolidated level.
The gross debt equity ratio is almost nil at a standalone level and 0.08 at a consolidated level.
The board has recommended a final dividend of ₹1.25 per share (125 per cent on face value of ₹ 1).
Carborundum had earlier paid an interim dividend of ₹ 1 per share.
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