Carborundum Universal Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Audited Financial results for quarter/year ended March 31, 2026".
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Carborundum Universal Limited reported standalone revenue of Rs. 3,062 crore for FY26, up 8.3% from Rs. 2,828 crore in FY25. Standalone net profit rose 29.4% to Rs. 416 crore from Rs. 322 crore, driven by growth across all three segments (Abrasives, Ceramics, Electrominerals). However, consolidated results were significantly impacted by exceptional items totaling Rs. 1,346 crore, including write-downs from winding down CAAG in Germany (Rs. 1,186 crore), impairment at Volzhsky Abrasive Works in Russia due to sanctions (Rs. 1,041 crore), and asset write-down at Foskor Zirconia in South Africa (Rs. 160 crore). As a result, consolidated net profit attributable to owners fell to Rs. 195 crore from Rs. 293 crore. The company declared a total dividend of Rs. 4.00 per share (interim Rs. 1.50 already paid + final Rs. 2.50 recommended). Auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
Standalone business is strong with 29% PAT growth, but consolidated earnings are depressed due to large exceptional write-downs from underperforming subsidiaries in Russia, Germany, and South Africa. The write-downs signal restructuring headwinds in international operations, though the core Indian business remains healthy. Cash position is robust at Rs. 698 crore on consolidated basis.