Carborundum Universal Q1 profit rises 23.4% to 76.4 crore rupees as margin narrows to 9.5%
Carborundum Universal reported first-quarter net profit of 76.4 crore rupees, up 23.4% from 61.9 crore a year earlier. Revenue rose 17% to 1,426.6 crore rupees from 1,219 crore. EBITDA increased 11.4% to 135.1 crore rupees, while the margin narrowed to 9.5% from 9.9%. The stock rose after the results were released.