Carborundum Universal Ltd (CUMI) has reported a net profit of Rs. 137 crores for the fourth quarter of the fiscal year 2020-21. This marks an increase of more than double the profit recorded in the same period last year. The company’s revenue for the quarter also increased to Rs. 747 crores, a growth of 33% compared to the same quarter last year.
CUMI is a leading manufacturer of abrasives, ceramics, and electro-minerals in India. The company has reported strong financial results for the fourth quarter of the fiscal year 2020-21, driven by a recovery in demand across its businesses.
The company’s abrasives segment reported a 27% increase in revenue, driven by strong demand from the automotive, construction, and general engineering sectors. The ceramics segment also reported a 32% increase in revenue, driven by strong demand from the sanitaryware and tableware sectors.
The electro-minerals segment reported a 50% increase in revenue, driven by strong demand from the steel and foundry sectors. The company’s strong financial performance in the fourth quarter of the fiscal year 2020-21 is a testament to the resilience of its business and the effectiveness of its strategic initiatives.
In conclusion, Carborundum Universal Ltd has reported strong financial results for the fourth quarter of the fiscal year 2020-21, driven by a recovery in demand across its businesses. The company’s focus on innovation, operational excellence, and customer-centricity has enabled it to strengthen its market position and deliver sustainable growth in the long term.
