Carborundum Universal, part of the diversified conglomerate Murugappa Group, has reported a 17.4 percent rise in second quarter net profit ended September 30, 2016 at Rs 46.68 crore.
The Chennai-based auto-component manufacturer has registered consolidated net profits of Rs 39.73 crore in the year-ago period.
For the six month period ending September 30, 2016 consolidated net profits rose by 19 percent, to Rs 86.77 crore from Rs 72.87 crore, registered during the year-ago period.
For the financial year ended March 31, 2016 consolidated net profits were at Rs 143.40 crore.
Total income from operations for the three-month period ended September 30, 2016 rose to Rs 550.84 crore from Rs 512.48 crore registered a year ago.
For the April-September period, total income from operations stood at Rs 1,082.96 crore as against Rs 996.70 crore registered during the same period of previous year.
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