Carborundum Universal Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2025, recommended Final Dividend of Rs. 2.50 per equity share.
CARBORUNIV · price
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Carborundum Universal's board, which met on May 12, 2025, approved audited financial results for Q4 and FY25 along with a final dividend of Rs. 2.50 per share (on Re. 1 face value), taking total FY25 dividend to Rs. 4.00 (including Rs. 1.50 interim). On a standalone basis, FY25 revenue from operations rose to Rs. 2,827.6 crores (up about 7% from Rs. 2,633.2 crores), but net profit slipped to Rs. 321.6 crores from Rs. 350.4 crores. Consolidated FY25 revenue grew to Rs. 4,894.2 crores, but net profit fell sharply to Rs. 298.7 crores from Rs. 476.2 crores, mainly due to a Rs. 104.1 crores exceptional impairment charge at its Russian step-down subsidiary Volzhsky Abrasive Works, which is on the US OFAC sanctions list. The auditor (Price Waterhouse) issued an unmodified opinion on standalone results and an emphasis-of-matter note on consolidated results regarding the VAW situation. The 71st AGM is set for August 7, 2025, and Sridharan & Sridharan Associates has been appointed as Secretarial Auditor for five years.
The Rs. 4 total dividend offers reasonable income to shareholders, but the sharp drop in consolidated profit — driven by the one-time VAW impairment — is a negative signal. Investors should watch for further updates on the Russian subsidiary's recovery and any additional provisions, even as underlying standalone operations remain stable.