Q2FY23 Quarterly Result Announced for Carborundum Universal Ltd.
Industrial products company Carborundum Universal announced Q2FY23 results: Consolidated Q2FY23: Increased by 34% to Rs.1117 Crore from Rs.834 Crore in the corresponding Q2FY22, driven by strong performance in the Electrominerals and Ceramics segments along with additional sales of Rs.141 Crore. PAT and non-controlling interest for the quarter grew sequentially by 13% to Rs.89 Crore against Rs.79 Crore in Q1FY23. It de-grew by 9% compared to Q2FY22 on account of input cost inflation. The capital expenditure incurred during H1FY23 was Rs.177 Crore at the consolidated level. The debt-equity ratio was 0.14. The borrowings (net of cash) were at Rs.78 Crore. Standalone Q2FY23: The sales grew by 11% to Rs.610 Crore from Rs.551 Crore. Result PDF31-10-2022
