Carborundum Universal Reports Mixed Financial Results Amidst Record Sales in December 2024

Feb 13 2025 10:51 PM IST
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Carborundum Universal has reported its financial results for the quarter ending December 2024, showing flat performance despite achieving its highest quarterly net sales in five quarters at Rs 1,255.45 crore. However, the company faced declines in Profit Before Tax and operating profit, raising concerns about profitability and operational challenges.
Carborundum Universal, a midcap player in the abrasives industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a flat financial performance, with notable changes in its evaluation. The company's score has experienced a revision, reflecting shifts in its financial metrics over the past three months.

On a positive note, Carborundum Universal achieved its highest quarterly net sales in the last five quarters, totaling Rs 1,255.45 crore. This suggests a favorable near-term sales trend. However, the company faced challenges as its Profit Before Tax less Other Income (PBT) declined to Rs 131.17 crore, marking a significant drop compared to the average of the previous four quarters. Additionally, the operating profit reached its lowest point in five quarters at Rs 176.99 crore, contributing to a decrease in the operating profit margin to 14.10%.

Earnings per Share (EPS) also fell to Rs 1.83, indicating a decline in profitability for shareholders. While non-operating income saw an increase, it raises questions about sustainability. Overall, these financial results highlight a complex landscape for Carborundum Universal as it navigates both positive sales trends and significant operational challenges.

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