Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Carborundum Universal Earnings Call Transcript: Key Takeaways

Carborundum delivered strong revenue growth across all segments in Q1 FY27, though abrasives margins were squeezed by a ₹16 Cr cost push from geopolitically induced raw material and fuel inflation.

Guidance and delivery
Revenue guidance 11.5% → 15.0% Raised by 3.5 percentage points
Management target Revenue 15.0% FY27
Highlights
Revenue growthStandalone sales up 21.2% YoY; consolidated sales up 16.9% YoY.
MarginsAbrasives margins dropped to 10.4% from 13.1% due to input costs.
Demand visibilityStrong export demand in electro-minerals and high momentum in technical ceramics.
Management confidenceBalanced; optimistic on ceramics but cautious on abrasive cost headwinds.

Growth

Standalone sales grew 21.2% YoY; volume-led growth in electro-minerals (33%) and ceramics (15.2%).

Outlook

FY27 revenue growth guidance raised to 15% (ex-Foskor/Awuko); ceramics growth target increased to 23-25%.

Risks

High sensitivity to crude/gas prices; sustained losses in Foskor Zirconia and Awuko lead to divestment/closure.

Last quarter's promises, checked

Delivered

  • Consolidated sales growth 5.5-6.5% → delivered 6.5% (= BEAT)
  • Abrasives PBIT margin 4-4.5% → delivered 4.3% (= BEAT)
  • Electrominerals sales growth 1-2% → delivered 3.7% (= BEAT)

Partly delivered

  • CAPEX estimate ₹350 Cr → delivered ₹309 Cr (= PARTIAL)

Missed

  • Ceramics sales growth 13-14% → delivered 9.3% (= MISS)
  • Electrominerals PBIT margin 4.5-5.5% → delivered 5.6% (= BEAT)
Source

Earnings Call Transcript filed with NSE, NSE: CARBORUNIV. Summary written with AI assistance from the document.

Read the document ↗

Carborundum Universal Ltd: key numbers

Share price
₹1,278.50
Market cap
₹24,356 Cr
Revenue (annual)
₹5,206 Cr
Net profit (annual)
₹194.7 Cr
P/E (TTM)
116.4×Sector 53.6×
Promoter holding
38.89%+0.00% QoQ
FII holding
11.13%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Carborundum Universal Ltd

All →
17:58 IST NSE
Other Announcement

Carborundum Universal Other Announcement

Carborundum Universal informed exchanges about an ESG rating assigned by Niche Ninety Nine Capability and Certifications. The company clarified it did not engage this provider.

09:15 IST NSE
Management Change

Carborundum Universal Management Change

Carborundum Universal appointed Mr. Sriram Seshadri as CFO and KMP effective 7 September 2026. The appointment was recommended by the Nomination & Remuneration Committee and Audit Committee.

19:22 IST BSE
Earnings Call

Carborundum Universal Investor Presentation: Key Takeaways

CUMI reported 16.9% consolidated revenue growth in Q1 FY'27, driven by strong standalone performance in Electrominerals. Strategy focuses on high-purity ceramics for semiconductors and scaling exports.

Call
Guides 12% growth