Business EconomyPosted at: Oct 30 2024 5:47PM


CUMI announces Q2, H1 results

Chennai, Oct 30 (UNI) Carborundum Universal (CUMI) on Wednesday reported Consolidated Sales at Rs.1209 Crores, PAT at Rs.116 Crores during Q2.
The Board of Directors met today and approved the results for the quarter and six months ended September 30, 2024.
The Consolidated sales for Q2 FY 25 were highest ever at Rs.1209 Crore (7.6% growth over Q2
FY24) with profit after tax at Rs.116 Cr (13.7% increase over Q2 FY24). All three segments
contributed to the Sales growth, a company release said.
Standalone sales for Q2 FY 25 were at Rs.705 Crore (9.6% growth over Q2 FY24) with profit after tax
at Rs.86 Crore (4.4% increase over Q2 FY24). All segments performed well with Electro minerals
growing at 9.2%, Abrasives growing at 8.1%, and Ceramics growing at 4.8%.
The capital expenditure incurred at consolidated level during the first half of FY25 was Rs.124 Crores as compared to Rs.97 Crore during first half of FY24. The debt equity ratio at the consolidated level was 0.03.
In the Abrasives, the Consolidated revenue for Q2 FY25 grew 6.4% to Rs.543 Crores compared to Rs.510 Crores in Q2 FY24 contributed by standalone, Awuko, Rhodius and VAW. Standalone sales for Q2 FY 25 grew by 8.0 % to Rs.308 Crore compared to Rs.285 Crore in Q2 FY 24.
Consolidated PBIT for Q2 FY25 at Rs.34 Crore was lower compared to Rs.37 Crore in Q2FY24. This was mainly due to lower profits in Sterling Abrasives, America and Awuko. Standalone PBIT grew by
4.0% to Rs.50 Crore in Q2 FY25 compared to Rs.48 Crore in Q2 FY24.
In the Electro Minerals, Consolidated revenue for Q2 FY 25 grew by 6.5% to Rs.402 Crores compared to Rs.377 Crore in Q2 FY24, contributed by Standalone, VAW and FZL. Standalone revenue for Q2 FY25 increased by 9.2% to Rs.210 Crore compared to Rs.192 Crore in Q2 FY 24 aided by volume growth, higher price realization and higher exports sales.
Consolidated PBIT for Q2 FY25 de-grew by 6.4% to 58 Crore compared to Rs.62 Crore in Q2 FY24. This is due to lower profits in standalone and Foskor Zirconia businesses. Standalone PBIT in Q2 FY25 was Rs.22 Crore compared to Rs.23 Crore in Q2 FY24. This is due to increase in alumina cost and price pressure from China imports. Foskor Zirconia business was impacted by strengthening of Rand.
In the Ceramics, the Consolidated revenue for Q2 FY25 increased by 5.5% to Rs.280 Crore compared to Rs.265 Crore in Q2 FY24, contributed by growth in Standalone, Australia and America. Standalone revenue for Q2 FY25 increased by 4.8% to Rs.228 Crore compared to Rs.217 Crores in Q2 FY24 aided by growth in volume and higher price realization.
Consolidated PBIT in Q2 FY25 grew by 8.0% to Rs.80 Crore compared to Rs. 74 Cr in Q2 FY24.
Standalone PBIT in Q2 FY25 grew by 8.6% to Rs.62 Crore compared to Rs.57 Cr in Q2 FY24. This
is due to better performance in standalone business.
UNI GV 1745
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