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Carborundum Universal Q4 results: Net profit declines to Rs 142.56 crore

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 Q4 results: Net profit declines to Rs 142.56 crore
Updated On : 03 May 2024 | 8:24 PM IST