: Carborundum Universal, a Murugappa Group company, has clocked consolidated profit after tax at Rs 62.90 crore for the fourth quarter ending March 31, 2018 up by 35.8 per cent over same period of last year.
The city-based company recorded consolidated profit after tax at Rs 46.31 crore during corresponding period of previous year.
For the financial year ending March 31, 2018 consolidated profits after tax surged to Rs 219.59 crore up by 19.4 per cent from Rs 183.78 crore registered during year-ago period.
The consolidated total income for the January-March 31, 2018 quarter went up to Rs 654.09 crore from Rs 594.14 crore registered during year-ago period.
For the year ending March 31, 2018 consolidated total income grew to Rs 2,418.09 crore from Rs 2,255.14 crore recorded during the corresponding period of last year.
During the financial year ending March 31, 2018, the company at a consolidated level spent about Rs 92 crore on capital expenditure.
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The gross debt equity ratio for the company was almost nil at standalone basis and at consolidated level it stood at 0.08 per cent.
Abrasives business for the full year ending March 31, 2018 witnessed a growth of nine per cent to Rs 1,018 crore from Rs 938 crore registered during previous year.
Net sales in the electro-minerals business, went up to Rs 883 crore for the financial year ending March 31, 2018 from Rs 749 crore reported during year ago period.
Net sales contributed from ceramics business went up by 11 per cent to Rs 502 crore for the year ending March 31, 2018 from Rs 451 crore registered during same period of last year.
The Board of Directors at its meeting recommended a final dividend of Rs 1.25 per share (125 per cent on face value of Re 1) each.
Shares of the company ended at Rs 375.10 apiece up by 3.33 per cent over previous close in BSE.