Murugappa Group firm Carborundum Universal Ltd.’s (CUMI) consolidated profit after tax and non-controlling interest for the third quarter ended December 2019 grew by 8% to Rs. 63 crores.
During the period under review, sales decreased by 6% to Rs. 642 crores on lower volumes from abrasives and electro-mineral segments. Consolidated segmental profitability for the quarter improved for the ceramics businesses but contracted for abrasives and electro-minerals.
At a consolidated level, CUMI spent Rs. 107 crores on capital expenditure in the nine months ended December 2019.