Carborundum Universal announced a significant increase in its standalone profit after tax (PAT) for the quarter ended June 30, 2025. The standalone PAT for Q1 FY26 stood at ₹145 crore, with the results approved by the Board of Directors on August 7, 2025.
The standalone sales for Q1 FY26 grew by 5.2% to ₹698 crore, compared to ₹664 crore in Q1 FY25. The Ceramics and Electrominerals segments saw growth of 10.0% and 12.3%, respectively, while the Abrasives segment experienced a decline of 5.5%.
Consolidated sales for Q1 FY26 increased by 1.9% to ₹1,207 crore, compared to ₹1,184 crore in Q1 FY25. The Ceramics and Electro Minerals segments grew by 11.1% and 6.3%, respectively, while the Abrasives segment declined by 8.0%.
The standalone PAT for Q1 FY26 includes a one-time dividend income of ₹68 crore received from a subsidiary. Consolidated profit after tax and non-controlling interest was ₹62 crore, compared to ₹113 crore in Q1 FY25.
Free cash flows at a consolidated level reached 98% of PAT. Standalone free cash flow was 104% of PAT. Capital expenditure during Q1 FY26 at the consolidated level was ₹64 crore, and the debt-equity ratio stood at 0.05.
| Particulars | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 698 | 664 | 5.2% |
| Profit After Tax | 145 | 93 |
| Particulars | Q1 FY26 | Q1 FY25 | YoY Change | Q4 FY25 | QoQ Change |
|---|---|---|---|---|---|
| Revenue from Operations | 1,207 | 1,184 | 1.9% | ||
| Profit After Tax | 62 | 113 | 29 |
Segment-Wise Performance:
Abrasives: Consolidated sales were ₹508 crore, a decline of 8.0% compared to Q1 FY25. Standalone sales were ₹286 crore, a decrease of 5.5% compared to Q1 FY25. Consolidated profits before finance costs and tax was ₹11 crore, while standalone PBIT was ₹37 crore.
Ceramics: Consolidated sales were ₹300 crore, an increase of 11.1% compared to Q1 FY25. Standalone sales were ₹238 crore, up by 10.0% compared to Q1 FY25. Consolidated profit before finance cost and tax was ₹75 crore, and standalone PBIT was ₹62 crore.
Electro Minerals: Consolidated sales were ₹405 crore, a growth of 6.3% compared to Q1 FY25. Standalone sales were ₹212 crore, an increase of 12.3% compared to Q1 FY25. Consolidated profit before finance cost and tax was ₹4.4 crore, and standalone PBIT was ₹7 crore.
Change in Key Managerial Personnel
Mr. Sushil Kishor Bendale would be stepping down as the Chief Financial Officer (and KMP) of the Company effective closing hours of 26th September 2025 to pursue career prospects outside the Company.
A 124-year-old conglomerate with presence across India and the world, the INR 778 billion (₹77,881 Crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.
The Group has 9 listed companies: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, EID Parry (India) Limited, Shanthi Gears Limited, Tube Investments of India Limited and Wendt India Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, Shanthi Gears, CUMI, Gromor, Paramfos, Parry's are part of the Group's illustrious stable.
Abrasives, technical ceramics, ceramics, electro minerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea and several other products make up the Group's business interests.
Guided by the five lights - integrity, passion, quality, respect and responsibility and a culture of professionalism, the Group has a workforce of over 83,500 employees.
For more information, see www.murugappa.com
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