Carborundum Universal increased its net sales by 21 per cent (consolidated) to Rs. 494 crore for the third quarter ended December 2011 against Rs. 408 crore in the same period the previous year. The profit after tax rose by 29 per cent to Rs. 47crore (Rs. 37 crore). The electro-minerals and ceramics business segments recorded growth rates of 15 per cent and 40 per cent, respectively. Abrasives business grew by 13 per cent. The profitability of all business segments witnessed good increase. Overseas subsidiaries recorded strong growth in sales, particularly the entities in Russia and Australia, says a release. The company has announced an interim dividend of Rs. 1 per share (100 per cent).
JK Lakshmi Cement
JK Lakshmi Cement reported a 39 per cent rise in its net sales turnover at Rs. 438.81 crore for the third quarter ended December 2011 against Rs. 315.33 crore in the same period in the previous year. The net profit rose to Rs. 49.24 crore (Rs. 4.66 crore). The company's grinding unit in Haryana is scheduled to commence production next month. The company has announced buy back of equity shares up to an amount of Rs. 97.50 crore, at a maximum price of Rs. 70 per share from the open market.
Keywords: Carborundum Universal