Carborundum Universal Limited announced robust financial results for the second quarter and first half of FY27, ending September 30, 2026. The company reported significant year-on-year growth in both standalone and consolidated sales and profits, driven by strong performance across its Abrasives, Ceramics, and Electro Minerals segments. Key updates also include progress on the closure of a step-down subsidiary, CUMI Awuko Abrasives GmbH.
Carborundum Universal Reports Robust Financial Performance for Q2 FY27
Carborundum Universal Limited (CUMI) has announced its unaudited financial results for the quarter and six months ended September 30, 2026. The company showcased strong growth across both standalone and consolidated operations, reflecting a healthy financial performance driven by its diverse business segments.
Key Financial Highlights (Standalone)
- Standalone Sales (Q2 FY27): Rs. 911 Cr, a growth of 28.0% compared to Rs. 712 Cr in Q2FY26.
- All three segments – Ceramics, Electrominerals, and Abrasives – recorded double-digit growth. Standalone Ceramics grew by 37.2%, Electrominerals by 31.3%, and Abrasives by 15.9% compared to Q2FY26.
- Standalone Sales (H1 FY27): Rs. 1,757 Cr, a growth of 24.6% compared to Rs. 1,410 Cr in the same period last year. Standalone Electrominerals, Ceramics, and Abrasives grew by 32.1%, 25.9%, and 15.3% respectively.
- Standalone Profit before tax (Q2 FY27): Rs. 99 Crores.
Key Financial Highlights (Consolidated)
- Consolidated Sales (Q2 FY27): Rs. 1,455 Cr, a growth of 13.1% compared to Rs. 1,287 Cr in Q2FY26.
- Consolidated Ceramics sales grew by 36.1%, while Consolidated Electrominerals sales grew by 11.1%. Consolidated Abrasives grew by 4.0%.
- Consolidated Sales (H1 FY27): Rs. 2,865 Cr, a growth of 14.9% compared to the same period of last year. Consolidated Ceramics, Electrominerals, and Abrasives grew by 26.3%, 14.0%, and 11.5% respectively.
- Consolidated Profit before exceptional items and tax (Q2 FY27): Rs. 138 Cr.
- Consolidated Profit after tax and non-controlling interest (Q2 FY27): Rs. 12.45 Cr. This includes an exceptional item of Rs. 80.26 Cr related to the closure of operations of CUMI Awuko Abrasives GmbH (CAAG).
- Consolidated Profit after tax (H1 FY27): Rs. 89 Cr compared to Rs. 136 Cr in the same period last year.
Update on Subsidiary Closure
The company provided an update on the closure of its step-down subsidiary, CUMI Awuko Abrasives GmbH (CAAG), in Germany. As part of the closure process, CAAG entered into agreements in October 2026 for the sale of its assets for an aggregate consideration of Rs. 5.34 Cr. The financial impact of this closure, including write-down of assets and restructuring costs, amounted to Rs. 80.3 Cr, recognized as an exceptional item.
Segment Performance Highlights
Ceramics
- Standalone sales for the quarter grew by 37.2% to Rs. 313 Cr, driven by strong orders in Engineered ceramics, Metallized Cylinders, and Refractories.
- Consolidated sales for the quarter were Rs. 410 Cr, a growth of 36.1%.
- Standalone sales for H1FY27 were Rs. 587 Cr (growth of 25.9%), and consolidated sales were Rs. 759 Cr (growth of 26.3%).
Electro Minerals
- Standalone sales for the quarter grew by 31.3% to Rs. 279 Cr.
- Consolidated sales for the quarter were Rs. 443 Cr, an increase of 11.1%.
- Standalone sales for H1FY27 were Rs. 561 Cr (growth of 32.1%), and consolidated sales were Rs. 916 Cr (growth of 14.0%).
Abrasives
- Standalone sales for the quarter increased by 15.9% to Rs. 357 Cr, with broad-based growth across all segments.
- Consolidated sales for the quarter were Rs. 607 Cr, a growth of 4.0%.
- Standalone sales for H1FY27 were Rs. 685 Cr (increase of 15.3%), and consolidated sales were Rs. 1,217 Cr (increase of 11.5%).
The company’s results and financial statements are available on its website and stock exchanges.
Source: BSE
