Carborundum Universal - Domestic Demand Drove Q3 Performance: Anand Rathi
Pencil cores and a graphite mix sit in crucibles after being fired in a furnace at a factory in Jersey City, New Jersey, U.S. (Photographer: Emile Wamsteker/Bloomberg)

Carborundum Universal - Domestic Demand Drove Q3 Performance: Anand Rathi


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Anand Rathi Report

Carborundum Universal Ltd.’s consolidated revenue (Rs 7.3 billion) surpassed our expectation (Rs 6.9 billion), up 13% YoY. This reflects a better (standalone) performance.

Overseas operations saw lower volumes, hit by the second wave of Covid-19 and container shortages.

The Ebitda margin was a robust 17.7%, led by prudent cost control and a favourable product mix.

With greater utilisation, focus on operational efficiencies, a favourable product mix and quitting the loss-making Foskor, management is confident of steady margins ahead.

It talked of strong coming industrial demand, opportunities from the government’s production linked incentive scheme.

Click on the attachment to read the full report:

Anand Rathi Carborundum Universal Company update.pdf


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