Carborundum Universal Q3 Results Review- Near-Term Pain Persists But Subsidiaries Improve: Prabhudas Lilladher

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Carborundum Universal Ltd.'s revise our FY24/25/26E earning per share estimates by -7.8%/-5.9%/-6.2% factoring in impact of lower Russian Ruble to Indian rupee conversion and persistent competition and pricing pressure from Chinese dumping. The company reported mixed quarterly performance with consolidated revenue dipping 3.0% YoY, while Ebitda margin improved by 231 bs YoY to 16.7%.Industrial and precision abrasives, aluminas, silicon carbide, and ceramics (excluding engineered) have seen healthy demand. Chinese dumping will continue to negatively impact realisations in electrominerals and retail abrasives for four-six more quarters. Volzhsky Abrasive Works was affected by RUB/INR rate normalising down to 0.9-0.92.However, its volume growth and product mix was healthy. AWUKO and Rhodius turnarounds are on track. Management further revised its FY24 revenue guidance down to flattish consolidated growth (versus ~10% then ~5% guided earlier) and 5-6% standalone growth (versus~15% then 10-12% guided earlier)..Click on the attachment to read the full report:.Mphasis Q3 Results Review - Banking, Financial Services Picture Is Still Murky: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Carborundum Universal Q3 Results Review- Near-Term Pain Persists But Subsidiaries Improve: Prabhudas Lilladher

Electrominerals and ceramics drag overall performance.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Carborundum Universal Q3 Results Review- Near-Term Pain Persists But Subsidiaries Improve: Prabhudas Lilladher

Electrominerals and ceramics drag overall performance.

Choose a plan

Follow Us

DOWNLOAD THE APP