Carborundum Universal - Healthy Growth, Margins Lift Q4 Earnings: ICICI Securities
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ICICI Securities Report
Carborundum Universal Ltd. has reported healthy execution coupled by strong margins propelling better-than-expected earnings in Q4 FY21.
The company is gearing up to tap into future growth areas like electric vehicles, batteries, high purity silicon carbide used in 5G technology etc.
The loss from overseas subsidiaries has reduced, and export market is expected to perform well.
Improvement in domestic utilisation along with investments due to production linked incentive scheme is expected to fuel growth.
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