Carborundum Universal's Consolidated Q3 Net Sales increased by 15%

Consolidated PAT up by 24%

Koehl, 14'h February 2018: The Board o f Dire ctors met today an d app ro ved the resu ts for th e quarter and n ine m on ths ended 31" Dec 2017.

Con solidated 03 financial performance

Consolidated net sales (exclud ing excise duty} for the quarter, In creased by 15 percent to Rs.600 crores f rom Rs. S20 crores drive n b y better p e rfo rmance from all segments. At standalone level, net sales grew up by 23 percent.

Consolidatec Profi: after tax increased by 24% from Rs .44 crores to Rs.54 crores in the current qua'ter.

ThP. gilin In sales an d profit wer e due Lu oetter p erforman ce from Abrasives, Ceram ics an d Electro m in eral businesses .

T he debt equity ratio remained he., lt hy ancl was at 0.0 1 on a stand alone basi s and 0. 0 9 on a consolidated basis.

Con solidated Segmental Operating Performance Abrasives

At a consolidated evP.I, the net sa es for the c;uartcr were dl Rs.270 cr wh'ch was 1~% higher than the simililr pP.rlod las: year. On a sequential basis, the net sales were higher by 4% With Quarter 2 2017-18 saiP.s a t Rs .259 cr.

PO!T ma rgin in Ab ra sives increased tram 12.2% in quarter 3 o f las t year to 13. 5% in current q uart~r. The margins h ave Improve d on the back of hig her sales in standalon e business.

Q

Electro Minera ls

At a consolidated level, the net s~les for current quarter were a t Rs.228 cr 'Nh ich was n igher by Rs.33 cr and Rs.ll cr compared to Quarter 3 of Last Year and Q2 of Current Year respectively.

Consolidated Profit before Interest T~:>x or elec:ro mineral division gcew up from ;{5.21 cr in Quarter J of last year to Rs.34 cr In curreul cuarter. Russian subsidiary and standalone husmess exhibi ted better performance .

Ce r a m ics

At a consolidated level, the net sales for Quarte r 3 were at Rs.l22 cr vers us Rs. 103 cr for the corresponding quarter last year. This is a growt h of 18%. On a sequential basis, tre net sales grew by 1%.

Profit before interest and tax of the Ceramics business at consolidated level at Rs.20 cr recorded an increase of 24% compared to correspo'1ding quarter ast year.

Interim Dividend

The Board o f Directors of t he Company at its meetin g held on 1 4'" Feb, 2018 h as recommended an interim dividend of Re. 1/- per share (100% on race va lu e of Re.l/ ) to the shareholders of the Company.

About the Murugappa Grup

Founded in 1900, the INR 2 q ~ Billion ~l urug~ppa Group is one of ln d i~'S leading bu>illeSS c onglom erates. The Group has ZB b u,.i ,.~»es .ncludlng nine listed Con panics tl'llded in NSE & BSE. Headquartc r·c d h' Chennai, th~ rnt~jor Companfe!i of Lhe Group incl cde Carborunclum Un iversal Ltd., Cholamandalam 1nve~tmcnt and Fi1a nee ::omr>;,nv ltd., Cholamandalam MS General Insurance Co tnpany Ltd., Coroma ndeJ !Jternatlonal ..Id., COI'<>II Idii<.ICI Engineering Compony . td., E.l.D. Parry (India ) Ltd., Parry Agro lndustlies ctd., f>~rry Sugar industnes LUi, Sh•nthl G Lld., Tub" Investments of India Ltd., and Wendt (India! Ltd.

Markel tedders tn served segments including AbreSives~ A.JlO CompQnc.n~, Transmls.s•on systcms.s Cycles, Sugar, Farm Inputs, fertilisers, Planta ~lon..~. 6io--prodccts and Nu:r'<1!"('Utlatl.s. th~ Group has forged strcnq ;,111-'lnr:t~co w ith leading mtcrratlo"lal companies such as Group~ ChhlllllliC Tunisien, Foskor. M lr.suf Surnlluu1u, M(ngo, Ad vanced NulviOIS, Sociedad Quirnlcc. y IVlincrs de Chtte

(SQ~l ), Yan Tar & Co. ~nd Com pa ~;n i e Des Phosphat De Ga fsa (CPG). Th e Group has " · .... irlr.

De·Jgraph en* pra!1cnce all fJver tndi.l ;;nd sJ=a nnlng 0 continents.

Renowned brand~ like B!jA, Hercules,. "''ontr il, L~dybil'd, ~l ach C1Ly, B<:~llmi! s.ter, Aj ax, Pc1rry's, C h o l ;;~, Gromor, Shan thi Gtars tllld Par amfos are from the M11ruganpa stable. 111e Grou p foster s an environment of pro fessionalism a,d has a workforce o f ever 32,0CO ernJ)Ic.>yt:c) . fo • more det ails, vi~il ·,•,·ww.mu• ugeppa .com

=or lurUt~r- iii(Ofll1dtion, please contac:

V.jay<>akshmi 0

Voncd Kumar

~l urugappa GrOJP

Ogilvy PR Worldwide

+9 1 gsoo029sn

+91-9840 126179

vij~yala ksh'l'lid@corp. mJrugappa .com

Vi n oel. k11 m.1 r~·ngllvy .com

Carborundum Universal Ltd. published this content on 14 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 February 2018 12:10:15 UTC.

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