Carborundum Universal Faces Downgrade as Q4 Results Disappoint
Carborundum Universal Ltd (CUMI) reported disappointing Q4 FY2024-25 results, with revenue marginally up by 0.70% YoY to ₹1,216.60 crore, but net profit plummeting 78.89% to ₹30.10 crore. EBITDA fell 32.70% to ₹145.70 crore. ICICI Securities downgraded CUMI to 'Reduce' and lowered its target price, citing continued business weakness and a muted outlook. The company's profitability was impacted by increased expenses, margin pressure, and higher tax outgo. Despite unveiling an ambitious five-year growth strategy, near-term challenges persist.
Carborundum Universal's Q4 FY2025 net profit dropped 78.88% to ₹30.10 crore from ₹142.56 crore year-over-year. Despite this, the company's annual consolidated total income increased to ₹4,935.22 crore in FY2025. A final dividend of ₹2.50 per share was recommended, bringing the total FY2025 dividend to ₹4.00 per share.
Carborundum Universal's Q4 FY25 results show mixed performance. Revenue increased marginally by 1.3% to ₹1,217.00 crore, but net profit plummeted 79% to ₹30.00 crore. EBITDA decreased by 30.3% to ₹146.00 crore, with EBITDA margin contracting to 12.00% from 17.4%. Despite profit decline, the company declared a final dividend of ₹2.50 per share.
28Mar 25
Carborundum Universal's Subsidiary SEDCO Sells Partial Investment for ₹96.50 Crore
Southern Energy Development Corporation Limited (SEDCO), a subsidiary of Carborundum Universal, sold a portion of its investments in the parent company for ₹96.50 crore on March 28, 2025. The sale was conducted on the stock exchange platform to meet SEDCO's business requirements. Carborundum Universal also announced a trading window closure from April 1, 2025, for the upcoming financial results and allotted 4,800 equity shares under its ESOP Plan 2016.