Carborundum Universal Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
CARBORUNIV · price
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Carborundum Universal (CUMI) announced audited results for Q4 and FY25 along with a final dividend of Rs. 2.50 per share (250%), taking total FY25 dividend to Rs. 4.00 per share (including Rs. 1.50 interim). Standalone revenue rose ~7.4% YoY to Rs. 2,827.6 crore, but standalone net profit declined ~8.2% to Rs. 321.6 crore from Rs. 350.4 crore. On a consolidated basis, revenue grew ~4.1% to Rs. 4,894.2 crore, but net profit fell sharply ~37% to Rs. 298.7 crore from Rs. 476.2 crore, largely due to a Rs. 104.13 crore exceptional impairment charge related to its Russian step-down subsidiary Volzhsky Abrasive Works (VAW), which faces US sanctions and an uncertain operating environment. The statutory auditors (Price Waterhouse) issued an unmodified opinion but included an Emphasis of Matter paragraph highlighting the VAW situation. The Board also appointed Sridharan & Sridharan Associates as Secretarial Auditors for five years from FY26.
Shareholders get a healthy total dividend of Rs. 4 per share, but consolidated profits took a significant hit from the Russia-related impairment. The sanction risk on the Russian subsidiary and ongoing uncertainty around VAW remains a key overhang and could weigh on the stock despite stable standalone operations and strong dividend yield.