Audited Financial results for the quarter/year ended March 31, 2026
CARBORUNIV · price
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Carborundum Universal Ltd reported standalone net profit of Rs 41,628 Lakhs for FY26, up 29.5% from Rs 32,161 Lakhs in FY25, driven by 8.3% revenue growth to Rs 306,254 Lakhs. However, consolidated results show a sharp divergence: net profit attributable to owners fell 33.5% to Rs 19,473 Lakhs (vs Rs 29,274 Lakhs) due to exceptional items of Rs 13,457 Lakhs. These exceptional items comprise impairment/write-downs at three distressed step-down subsidiaries — Volzhsky Abrasive Works in Russia (sanctions-related, Rs 10,413 Lakhs), CUMI AWUKO Abrasives in Germany (winding down, Rs 11,856 Lakhs), and Foskor Zirconia in South Africa (operations ceased, Rs 1,601 Lakhs). VAW also has Rs 29,711 Lakhs of cash temporarily trapped due to repatriation restrictions. Auditors issued an unmodified (clean) opinion. The board recommended a final dividend of Rs 2.50 per share, taking total dividend for the year to Rs 4.00 per share.
Standalone operations are strong with 29.5% PAT growth, but consolidated earnings are heavily impacted by one-time impairments from subsidiary exits. The Russia sanctions and winding down of two loss-making subsidiaries are significant but non-recurring. Investors should focus on standalone performance and watch for cash repatriation resolution at VAW.