Press Release pertaining to audited financial results for the quarter/year ended March 31, 2026.
CARBORUNIV · price
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Carborundum Universal (CUMI) reported standalone FY2026 revenue of Rs 30,625 crores, up 8.3% from Rs 28,276 crores in FY2025. Standalone net profit grew 29.4% to Rs 4,163 crores from Rs 3,216 crores, driven by margin expansion and operational efficiency across its three segments: Abrasives, Ceramics, and Electrominerals. On a consolidated basis, revenue grew 6.5% to Rs 51,494 crores, but profit before tax fell 39.8% to Rs 2,817 crores due to Rs 1,346 crores in exceptional items — primarily write-downs of assets at subsidiaries in Russia (VAW, due to sanctions), Germany (CAAG, being wound down), and South Africa (FZL). The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated results. The board declared a final dividend of Rs 2.50 per share, taking total FY2026 dividend to Rs 4.00 per share (interim Rs 1.50 + final Rs 2.50).
Standalone performance is strong with ~30% PAT growth and margin expansion, which is positive for shareholders. However, the consolidated results reflect significant one-time exceptional charges from underperforming overseas subsidiaries, and the Russia-linked subsidiary has Rs 2,971 crores of cash trapped due to sanctions — a key risk factor for investors to monitor.