Carborundum Universal (CUMI) reported consolidated sales of Rs. 1287 Cr for Q2 FY26, a 6.4% increase year-over-year. However, consolidated profit after tax and non-controlling interest decreased to Rs.75 Cr, primarily due to lower profitability from its Russian subsidiary. Standalone sales grew by 1.0% to Rs.712 Cr. The Board of Directors approved these results in a meeting held on October 30, 2025.
Financial Highlights
The Board of Directors of Carborundum Universal (CUMI) approved the financial results for Q2 FY26, revealing the following key figures:
- Consolidated Sales: Rs. 1287 Cr (up 6.4% YoY)
- Standalone Sales: Rs. 712 Cr (up 1.0% YoY)
- Consolidated Profit (after tax and non-controlling interest): Rs. 75 Cr
While sales demonstrated positive growth, the consolidated profit was impacted by challenges faced by CUMI’s Russian subsidiary.
Segment Performance
Here’s a breakdown of the sales performance across different segments:
Consolidated:
- Ceramics and Abrasives: Grew by 7.8% and 7.4% respectively
- Electrominerals: Remained almost flat
Standalone:
- Electrominerals and Ceramics: Increased by 1.2% and 0.1% respectively
- Abrasives: Remained almost flat
Half-Yearly Performance
For the first half of FY26, CUMI reported the following:
- Consolidated Sales: Rs. 2493 Cr (up 4.2%)
- Standalone Sales: Rs. 1410 Cr (up 3.0%)
Impact of Russian Subsidiary
The consolidated profit was notably affected by the Russian subsidiary, resulting in a decrease from Rs.229 Cr in the previous year to Rs.136 Cr for the first half of FY26.
Source: BSE
