CUMI Q2 net rises 25% on higher sales

Published - November 01, 2021 10:39 pm IST - CHENNAI

Murugappa group firm Carborundum Universal Ltd. (CUMI) standalone net profit for the second quarter ended September rose 25% to almost ₹63 crore on improved sales volume.

Income from operations rose 30% to ₹551 crore. Revenues from abrasives, ceramics and electro-minerals stood at ₹268 crore, ₹172 crore and ₹142 crore respectively, CUMI said.

CUMI’s arm Foskor Zirconia (Pty) Ltd., South Africa, had incurred a ₹3.70 crore loss for the six-month period ended September, of which ₹1.89 crore had been considered in the group’s consolidated financials, being parent’s share.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.