The board declared a remaining dividend of ₹2 per share. Photo: cumi-murugappa.com
Abrasives and industrial ceramics maker Carborundum Universal Ltd. (CUMI) reported consolidated net revenue for the quarter ended March more than doubled from the year- earlier-period to ₹149 crore as all its enterprise segments carried out effectively.
Revenue from operations rose 38% ₹1,200 crore, of which abrasives accounted for ₹525 crore, ceramics ₹265 crore and electro minerals ₹405 crore respectively, Murugappa group agency stated in a regulatory submitting.
The financials included a acquire of ₹25 crore representing reversal of legal responsibility recognised in the direction of truthful worth modifications of a monetary instrument availed by a stepdown subsidiary, consequent to settlement of its financial institution borrowings.
The board declared a remaining dividend of ₹2 per share.
The firm incurred capex of ₹294 crore. Cash and money equivalents together with deposits with tenure exceeding three months net of borrowings stood at ₹166 crore.
