Net profit of Carborundum Universal rose 13.72% to Rs 115.86 crore in the quarter ended September 2024 as against Rs 101.88 crore during the previous quarter ended September 2023. Sales rose 7.64% to Rs 1209.26 crore in the quarter ended September 2024 as against Rs 1123.42 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1209.261123.42 8 OPM %16.1214.91 - PBDT213.95193.47 11 PBT161.99147.61 10 NP115.86101.88 14 Powered by Capital Market - Live News

Carborundum Universal has allotted 37,000 equity shares under ESOP on 22 October 2024. Consequent to this allotment, the number of equity shares outstanding is 19,03,46,168 and the paid-up equity share capital is Rs. 19,03,46,168 /-.Powered by Capital Market - Live News

Carborundum Universal will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live News

Carborundum Universal (CUMI) has entered into a binding Share Purchase Agreement to acquire a 100% stake from existing equity shareholders of Silicon Carbide Products, Inc. USA (SCP) on 16 September 2024 at an Enterprise Value of USD 6.66 million (Rs 56 crore indicative). CUMI will incorporate a wholly owned subsidiary in USA, which will act as the Special purpose vehicle (SPV) for this acquisition. The transaction is expected to be completed by the end of October 2024. SCP, located in Horseheads, NY, USA, specializes in producing high-quality Nitride Bonded Silicon Carbide (NBSiC) products. NBSiC ceramics have superior wear and thermal shock resistance. SCP has over three decades of experience in providing customized solutions to customers in the USA and globally. Their product range serves industries such as power generation, mining, material handling/processing, non-ferrous molten metal transfer, and petrochemical refineries. Recognized for their technically superior firing and forming processes, SCP is a trusted supplier to leading industry players in these sectors.Powered by Capital Market - Live News

Net profit of Carborundum Universal declined 0.24% to Rs 112.96 crore in the quarter ended June 2024 as against Rs 113.23 crore during the previous quarter ended June 2023. Sales declined 0.57% to Rs 1184.10 crore in the quarter ended June 2024 as against Rs 1190.94 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1184.101190.94 -1 OPM %16.3514.22 - PBDT209.14205.28 2 PBT157.73159.54 -1 NP112.96113.23 0 Powered by Capital Market - Live News