Carborundum Universal Q2 Results Live : Carborundum Universal declared their Q2 results on 30 October 2024, reporting a topline increase of 6.79% and a profit rise of 13.72% year-over-year. Compared to the previous quarter, the revenue grew by 2.22% and profit increased by 2.57%.
The company’s selling, general, and administrative expenses saw a rise of 4.28% quarter-over-quarter, while witnessing a significant decrease of 33.04% year-over-year. This reflects the company’s commitment to optimizing its operational costs.
Operating income for Carborundum Universal was up by 0.58% compared to the previous quarter and showed a robust increase of 17.53% year-over-year. This performance indicates strong operational efficiency and profitability.
The earnings per share (EPS) for Q2 stands at ₹6.07, marking an increase of 13.46% year-over-year, a positive sign for shareholders and investors alike.
In terms of market performance, Carborundum Universal has delivered a return of 1.04% over the past week, however, it has seen a decline of 0.44% in the last six months. Year-to-date, the company has achieved a remarkable return of 27.19%.
Currently, Carborundum Universal boasts a market capitalization of ₹26,954.92 Crores, with a 52-week high of ₹1,841.15 and a low of ₹1,025.60, indicating a significant range in its stock performance over the past year.
As of 31 October 2024, among the nine analysts covering the company, ratings are mixed: two analysts have issued a ‘Strong Sell’, two a ‘Sell’, two a ‘Hold’, and three have given a ‘Buy’ recommendation. The consensus recommendation is to ‘Hold’, reflecting cautious optimism among market experts.
Carborundum Universal Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1224.12 | 1197.54 | +2.22% | 1146.34 | +6.79% |
| Selling/ General/ Admin Expenses Total | 199.97 | 191.76 | +4.28% | 298.64 | -33.04% |
| Depreciation/ Amortization | 51.96 | 51.41 | +1.07% | 45.86 | +13.3% |
| Total Operating Expense | 1081.13 | 1055.38 | +2.44% | 1024.68 | +5.51% |
| Operating Income | 142.99 | 142.16 | +0.58% | 121.66 | +17.53% |
| Net Income Before Taxes | 161.99 | 157.73 | +2.7% | 147.61 | +9.74% |
| Net Income | 115.86 | 112.96 | +2.57% | 101.88 | +13.72% |
| Diluted Normalized EPS | 6.07 | 5.92 | +2.53% | 5.35 | +13.46% |
