Carborundum Universal: Q2 FY26 sales up 6.4%, profit drops on Russia impact

Carborundum Universal reported consolidated sales of INR 1287 Cr for Q2 FY26, a 6.4% increase from INR 1209 Cr in Q2 FY25. Consolidated PAT stood at INR 75 Cr, compared to INR 116 Cr in Q2 FY25. Standalone sales for Q2 FY26 were INR 712 Cr, up 1.0% from INR 705 Cr in Q2 FY25, with standalone PAT at INR 64 Cr.

For the first half of FY26, consolidated sales reached INR 2493 Cr, a 4.2% growth over the previous year, while consolidated PAT after tax and non-controlling interest was INR 136 Cr, down from INR 229 Cr in the same period last year, primarily due to lower profitability from the Russian subsidiary impacted by sanctions.

Consolidated Ceramics and Abrasives segments grew by 7.8% and 7.4% respectively in Q2 FY26, while the Electrominerals segment remained flat. Consolidated sales for Ceramics in H1 FY26 rose 9.4% to INR 601 Cr, and for Abrasives, sales were similar to H1 FY25 at INR 1091 Cr. Capital expenditure at the consolidated level for H1 FY26 was INR 162 Cr, and the debt-equity ratio was 0.06.