Carborundum University has invested ₹6.48 crore to acquire a 29.6% stake in Putrim Renewables, signaling their intent to grow in the renewable energy sector. This move is in line with their strategic expansion plans.
Carborundum Universal Limited
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Carborundum Universal's Q4 net loss decreased significantly, but still stands at approximately 1.76 billion rupees compared to the previous year. The company experienced a revenue growth of 15%, reaching around 14 billion rupees in Q4.
Carborundum Universal posted a Q4 loss of INR 17.6 crores, contrasting the profit of INR 29 crores from the previous year. However, there's a positive note as revenue increased by 15% YoY to reach INR 1,398 crores in Q4FY26.
Carborundum Universal announces the closure of its unprofitable subsidiary, Foskor Zirconia, since FY13. The decision will result in a ₹16 crore asset write-off for their consolidated financials.
Despite an increase in quarterly revenues, Carborundum Universal reported a year-over-year loss. Shareholders will receive a final dividend of ₹2.50 per share.
Carborundum Universal anticipates a growth of 11-12% in organic sales for the fiscal year 2027. A significant investment of Rs. 400 crore is earmarked for expanding its advanced ceramics and semiconductor sectors.
Carborundum Universal's Q4 earnings for FY26 show a significant improvement, with sales increasing by 22.3% year-on-year to reach Rs. 855.3 crore. Notably, the net profit nearly doubled, rising by 99.7% YoY to Rs. 122.4 crore. This strong performance has resulted in a return of 17.2% on shares over the past six months.
Carborundum Universal anticipates a 15% increase in revenue by fiscal year 2027, with executives expressing confidence in both market demand and operational execution.
Carborundum Universal Ltd has invested INR 6.48 crore to acquire a 29.58% stake in Putrim Renewables, marking their joint venture for a 18 MWp solar power project in Tamil Nadu. This move is an initiative towards strengthening their ESG (Environmental, Social, and Governance) goals.
Carborundum Universal has announced its plan to wind down its German subsidiary, CAAG. The closure is expected to impact the company's finances by approximately ₹110-130 crore, equivalent to about 1.9% of their total revenue.