Carborundum Universal's Consolidated Q3 Net Sales increased by 15%
Consolidated PAT up by 24%
Koehl, 14'h February 2018: The Board o f Dire ctors met today an d app ro ved the resu ts for th e quarter and n ine m on ths ended 31" Dec 2017.
Con solidated 03 financial performance
Consolidated net sales (exclud ing excise duty} for the quarter, In creased by 15 percent to Rs.600 crores f rom Rs. S20 crores drive n b y better p e rfo rmance from all segments. At standalone level, net sales grew up by 23 percent.
Consolidatec Profi: after tax increased by 24% from Rs .44 crores to Rs.54 crores in the current qua'ter.
ThP. gilin In sales an d profit wer e due Lu oetter p erforman ce from Abrasives, Ceram ics an d Electro m in eral businesses .
T he debt equity ratio remained he., lt hy ancl was at 0.0 1 on a stand alone basi s and 0. 0 9 on a consolidated basis.
Con solidated Segmental Operating Performance Abrasives
At a consolidated evP.I, the net sa es for the c;uartcr were dl Rs.270 cr wh'ch was 1~% higher than the simililr pP.rlod las: year. On a sequential basis, the net sales were higher by 4% With Quarter 2 2017-18 saiP.s a t Rs .259 cr.
PO!T ma rgin in Ab ra sives increased tram 12.2% in quarter 3 o f las t year to 13. 5% in current q uart~r. The margins h ave Improve d on the back of hig her sales in standalon e business.
Q
Electro Minera ls
At a consolidated level, the net s~les for current quarter were a t Rs.228 cr 'Nh ich was n igher by Rs.33 cr and Rs.ll cr compared to Quarter 3 of Last Year and Q2 of Current Year respectively.
Consolidated Profit before Interest T~:>x or elec:ro mineral division gcew up from ;{5.21 cr in Quarter J of last year to Rs.34 cr In curreul cuarter. Russian subsidiary and standalone husmess exhibi ted better performance .
Ce r a m ics
At a consolidated level, the net sales for Quarte r 3 were at Rs.l22 cr vers us Rs. 103 cr for the corresponding quarter last year. This is a growt h of 18%. On a sequential basis, tre net sales grew by 1%.
Profit before interest and tax of the Ceramics business at consolidated level at Rs.20 cr recorded an increase of 24% compared to correspo'1ding quarter ast year.
Interim Dividend
The Board o f Directors of t he Company at its meetin g held on 1 4'" Feb, 2018 h as recommended an interim dividend of Re. 1/- per share (100% on race va lu e of Re.l/ ) to the shareholders of the Company.
About the Murugappa Grup
Founded in 1900, the INR 2 q ~ Billion ~l urug~ppa Group is one of ln d i~'S leading bu>illeSS c onglom erates. The Group has ZB b u,.i ,.~»es .ncludlng nine listed Con panics tl'llded in NSE & BSE. Headquartc r·c d h' Chennai, th~ rnt~jor Companfe!i of Lhe Group incl cde Carborunclum Un iversal Ltd., Cholamandalam 1nve~tmcnt and Fi1a nee ::omr>;,nv ltd., Cholamandalam MS General Insurance Co tnpany Ltd., Coroma ndeJ !Jternatlonal ..Id., COI'<>II Idii<.ICI Engineering Compony . td., E.l.D. Parry (India ) Ltd., Parry Agro lndustlies ctd., f>~rry Sugar industnes LUi, Sh•nthl G Lld., Tub" Investments of India Ltd., and Wendt (India! Ltd.
Markel tedders tn served segments including AbreSives~ A.JlO CompQnc.n~, Transmls.s•on systcms.s Cycles, Sugar, Farm Inputs, fertilisers, Planta ~lon..~. 6io--prodccts and Nu:r'<1!"('Utlatl.s. th~ Group has forged strcnq ;,111-'lnr:t~co w ith leading mtcrratlo"lal companies such as Group~ ChhlllllliC Tunisien, Foskor. M lr.suf Surnlluu1u, M(ngo, Ad vanced NulviOIS, Sociedad Quirnlcc. y IVlincrs de Chtte
(SQ~l ), Yan Tar & Co. ~nd Com pa ~;n i e Des Phosphat De Ga fsa (CPG). Th e Group has " · .... irlr.
De·Jgraph en* pra!1cnce all fJver tndi.l ;;nd sJ=a nnlng 0 continents.
Renowned brand~ like B!jA, Hercules,. "''ontr il, L~dybil'd, ~l ach C1Ly, B<:~llmi! s.ter, Aj ax, Pc1rry's, C h o l ;;~, Gromor, Shan thi Gtars tllld Par amfos are from the M11ruganpa stable. 111e Grou p foster s an environment of pro fessionalism a,d has a workforce o f ever 32,0CO ernJ)Ic.>yt:c) . fo • more det ails, vi~il ·,•,·ww.mu• ugeppa .com
=or lurUt~r- iii(Ofll1dtion, please contac: | |
V.jay<>akshmi 0 | Voncd Kumar |
~l urugappa GrOJP | Ogilvy PR Worldwide |
+9 1 gsoo029sn | +91-9840 126179 |
vij~yala ksh'l'lid@corp. mJrugappa .com | Vi n oel. k11 m.1 r~·ngllvy .com |
Carborundum Universal Ltd. published this content on 14 February 2018 and is solely responsible for the information contained herein.
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