Carborundum Universal - Healthy Growth, Margins Lift Q4 Earnings: ICICI Securities
(Source: Company website)

Carborundum Universal - Healthy Growth, Margins Lift Q4 Earnings: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Securities Carborandum Q4FY21 Results Update.pdf

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