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Informist, Friday, Aug. 7, 2026

MUMBAI - Carborundum Universal Ltd. is expected to report a steady performance for the June quarter, supported by healthy growth in its ceramics and abrasives segments and gains from Russia-based electrominerals operations due to the appreciation of the Russian rouble, according to brokerages tracking the company.

 

The construction and engineering company is expected to report a consolidated net profit of between INR 666 million and INR 809 million, according to estimates from three brokerages. The highest estimate for the net profit is from Kotak Securities Ltd. and the lowest is from Prabhudas Lilladher Pvt. Ltd.

 

Carborundum Universal is expected to report consolidated net sales of between INR 12.73 billion and INR 13.07 million, according to the estimates. The highest estimate for net sales is from Kotak Securities and the lowest is from Prabhudas Lilladher. The growth in revenue is likely to be driven by healthy demand in the ceramics and abrasives businesses, and benefits from the appreciation of the Russian rouble in the electrominerals segment. However, weakness in certain parts of the electrominerals business may partially offset the overall revenue growth.

 

The company's earnings before interest, tax, depreciation, and amortisation for the June quarter are expected between INR 1.29 billion and INR 1.85 billion, according to estimates from two brokerages. The highest estimate is from Kotak Securities and the lowest is from Prabhudas Lilladher. The company's EBITDA margin is expected to rise to between 10.2% and 14.2%, up from 9.9% in the year-ago quarter, according to the two estimates. The improved margin reflects the impact of improved business mix and the exclusion of loss-making businesses that have been discontinued, Kotak Securities said.

 

Carborundum Universal will detail its June quarter earnings Friday. Investors will closely watch the management commentary on the performance of the company's key subsidiaries, ongoing developments in its Russian step-down subsidiary Volzhsky Abrasive Works and the outlook for domestic demand.

 

At 1215 IST, shares of Carborundum Universal were traded at INR 1,075.50 apiece on the National Stock Exchange, up slightly. The stock is down 2% since the company announced its March quarter results on May 14.

 

Of the two research reports on the company available with Informist, one has a "buy" recommendation and one has a "sell" recommendation. The buy call is at INR 1,040, which is over 3% lower than the current market price. The sell call is at INR 986, which is 9?low the current market price.

 

The following are the Apr-Jun earnings estimates for Carborundum Universal from three brokerages in descending order by estimates of net profit, in INR million:

 

Brokerage	Net Sales	Net Profit	EBITDA
Kotak Securities Ltd.	13,077	809	1,855
360 ONE Capital Market Pvt. Ltd.	12,943	692	--
Prabhudas Lilladher Pvt. Ltd.	12,733	666	1,299

 

End

 

Reported by Khushi Singh

Edited by Pankaj Aher

 

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