Carborundum Universal spurts after Q4 PAT rises 2% to Rs 96 cr
Carborundum Universal jumped 4.03% to Rs 517.55 after the company's consolidated net profit rose 2.4% to Rs 96.19 crore on 28% surge in net sales to Rs 750.26 crore in Q4 FY21 over Q4 FY20. Consolidated sales were driven by steady performance across business segments. On a consolidated basis, segmental profitability for the year recorded growth across all the business segments. The capital expenditure incurred during the FY 2020-21 was Rs 103 crore. The gross debt equity ratio of Carborundum Universal, was nil at a standalone level and 0.02 at a consolidated level. Cash and cash equivalents ...
Source: business-standard.com