Carborundum Universal

Abrasives manufacturer Carborundum Universal Ltd (CUMI) has reported a consolidated net profit for the July-September 2024 quarter at Rs 116.16 crore following sales growth in electro minerals, ceramic segments, the company said on Wednesday. The city-based company, part of the diversified conglomerate Murugappa Group had registered a net profit after tax of Rs 103.88 crore during the corresponding quarter of last financial year. For the six months period ending September 30, 2024, net profit after tax grew to Rs 231 crore, as compared to Rs 221.64 crore registered a year ago. The consolidated total income during the quarter under review went up to Rs 1,235.45 crore, from Rs 1,165.98 crore recorded during the same quarter of last financial year. For the half year ending September 30, 2024, the consolidated total income remained flat at Rs 2,440.01 crore, as against Rs 2,400.11 crore registered in the year ago period. In a statement on Wednesday, the company said that the consolida

Abrasives manufacturer Carborundum Universal Ltd (CUMI) has recorded a consolidated net profit of Rs 142.56 crore for the January-March 31, 2024 quarter, the company said. The city-based company part of the diversified conglomerate Murugappa Group had registered a consolidated net profit of Rs 148.79 crore during the corresponding period of last year. For the year ending March 31, 2024, the consolidated net profit stood at Rs 476.18 crore as against Rs 441.70 crore registered a year ago. The consolidated total income during the quarter under review stood at Rs 1,213.73 crore, as against Rs 1,219.43 crore registered in the same period of last year. For the year ending March 31, 2024, the consolidated total income grew to Rs 4,778.84 crore, from Rs 4,731.01 crore registered in the same period last year. In a statement, the company said, "FY24 consolidated sales were lower compared to last year mainly due to depreciation of Rouble against Indian Rupee in comparison with FY23 average

Carborundum Universal Ltd, engaged in manufacturing of abrasives and industrial-ceramics, has collaborated with drone maker IdeaForge Technology to jointly develop products to make drones lighter, stronger and more durable, the companies said on Thursday. The two companies will develop the drones through cutting-edge nanomaterial reinforced composite parts which hold the promise of transforming structural parts for aerospace applications, a joint press release said. The 'nanomaterial composite materials' offer several improvements over standard composite materials, including higher mechanical strength, greater toughness, and better electrical and thermal conductivity, it added. "The use of nanomaterial reinforced composites in drones offer several exciting possibilities such as higher specific modulus or strength and is likely to shape the future of airframe and related structural components of drones," IdeaForge Technology Senior Director of Engineering Sunil Jha said. "We are ...

Abrasives and industrial ceramics-maker Carborundum Universal Ltd (CUMI) has reported a standalone net profit of Rs 71.75 crore for the quarter ending September 30, 2022, the company said on Saturday. The Chennai-based Murugappa Group company registered a standalone net of Rs 62.95 crore in the corresponding quarter last year, a press release said. For the six-month period ending September 30, the standalone net profit grew to Rs 144.59 crore from Rs 126 crore a year ago. The standalone total income for the quarter under review rose to Rs 623.76 crore from Rs 565.36 crore. For the half-year ending September 30, the standalone total income increased to Rs 1,242.93 crore from Rs 1,050.50 crore last fiscal, the company said.

Revenue spike driven by strong show in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries

The capital expenditure incurred during the quarter was Rs 56 crore at the consolidated level

Revenue from abrasives for the quarter was flat at Rs 259 crore at both, the consolidated and the standalone levels

In CUMI, the definition of new product is those products which are developed during the year or which are developed in last three years

The US has imposed 10% duty on fused minerals from China and is looking at alternatives

Shares of the company closed at Rs 281.95 apiece at BSE, down 1.19 per cent over previous close

Around $15 million out of its consolidated business of $340 million comes from US at present

The company has moved to manufacturing in third party facilities for mid-range products, in China

Carborundum Universal (CUMI), part of Murugappa Group, today inaugurated its Research and Development centre in its Industrial Ceramics Division facility in Hosur, Tamil Nadu. The company did not disclose the investment details.The centre was inaugurated by MM Murugappan, Chairman of CUMI and Vice Chairman of Murugappa Group along with others. This new R&D Centre would further strengthen the platform of competency for sustainable growth & Market Leadership of Wear Resistance & Technical Ceramic products in selected segments.This facility boasts of advanced equipment for material characterisation, microstructural analysis, finished component analysis and other critical areas, supplementing the existing R&D activity of the unit, said the company in a press release.It is certified by the Department of Scientific and Industrial Research (DSIR) and it will be a Centre of Excellence for research in Technical Ceramics for Industrial & Advanced applications, and will serve

The stock surged 10% to Rs 254 on the BSE in early morning trade.