Carborundum Universal consolidated Q2 net dips 8% to Rs 94 cr, sales up 34%

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

Murugappa Group firm Carborundum Universal (Cumi) has posted an eight per cent dip in consolidated net profit during the second quarter of financial year 2022-23 to Rs 93.69 crore, from Rs 102.68 crore during the same quarter a year ago.

During the quarter under review, its consolidated sales rose 34 per cent to Rs 1,117 crore from Rs 834 crore in the year-ago quarter, driven by strong performance in electro minerals and ceramics, and sales of Rs 141 crore by newly acquired subsidiaries. At a standalone level, sales grew by 11 per cent to Rs 610 crore.

The revenue from