Carborundum Universal reported a 12.4 percent year-on-year increase in standalone net profit to Rs 72.29 crore for Q2 FY27, up from Rs 64.34 crore in the corresponding quarter of the previous financial year.
On a consolidated basis, revenue from operations reached Rs 1,469.05 crore, reflecting a 13.2 percent year-on-year growth over Rs 1,298.08 crore in Q2 FY26. Consolidated total expenses stood at Rs 1,355.81 crore, up 12.2 percent from Rs 1,208.33 crore.
Consolidated net profit after tax fell to Rs 12.04 crore from Rs 74.26 crore in the year-ago period due to an exceptional restructuring expense of Rs 80.26 crore recognized for the winding down of step-down German subsidiary CUMI Awuko Abrasives GmbH.
On a sequential basis, standalone net profit declined 17.7 percent compared to Rs 87.84 crore recorded in Q1 FY27. Profitability during the quarter was driven by broad-based volume growth across industrial ceramics, electrominerals, and abrasives segments, which offset rising raw material costs and operational expenses.
Standalone revenue from operations for Q2 FY27 expanded 27.9 percent year-on-year to Rs 920.80 crore against Rs 720.19 crore in Q2 FY26, and grew 7.7 percent sequentially over Rs 855.01 crore in Q1 FY27.
Total standalone expenses rose 28.6 percent year-on-year to Rs 824.54 crore from Rs 641.10 crore, primarily driven by a 32.1 percent increase in raw material costs to Rs 387.44 crore. Sequential standalone expenses grew 9.1 percent compared to Rs 755.53 crore in the preceding quarter.