Carborundum Universal Q2 Results Live: Profit Rises by 13.72% YoY

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.