Q3 2026 Carborundum Universal Ltd Earnings Call Transcript
Key Points
- Carborundum Universal Ltd (BOM:513375) reported a 7.9% growth in stand-alone sales for Q3 FY26, reaching INR769 crores compared to INR712 crores in Q2 FY26.
- The Electro Minerals segment showed a significant growth of 8.9% year-over-year, driven by substantial progress in the export segment.
- The company achieved a 31% increase in stand-alone profit after tax for Q3 FY26, reaching INR85 crores compared to INR64 crores in Q2 FY26.
- Abrasives segment recorded a 9.8% growth in stand-alone sales, driven by broad-based growth across retail, industrial, and precision markets.
- The company maintained its guidance for consolidated sales growth of 5.5% to 6.5% for the full year, indicating confidence in future performance.
- The ceramics segment experienced a decline, with a 3.8% drop in sales year-over-year, leading to a downward revision in growth guidance.
- Consolidated profit before tax (PBAT) for Q3 FY26 decreased to INR109 crores from INR141 crores in Q3 FY25, indicating a decline in profitability.
- Rhodius and Awuko subsidiaries continued to face challenges, with Rhodius reporting a sales drop and Awuko incurring higher losses due to production halts.
- Foskor Zirconia's performance negatively impacted margins, with a reported loss before tax of EUR66 million for the nine months of FY26.
- The company faced challenges in the VAW segment due to US sanctions, resulting in a 36% drop in sales year-over-year.
Ladies and gentlemen, good day, and welcome to Carborundum Universal Q3 FY26 earnings conference call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Kunal Shah from DAM Capital Advisors. Thank you, and over to you, sir.
Yeah, welcome to the 3Q '26 earnings call of Carborundum Universal Limited. From the management side today, we have Mr. Sridharan Rangarajan, the Managing Director; and Mr. G. Chandramouli, the Adviser.
At this point, I would like to hand over the call to the management for their opening remarks, post which we can take up the Q&A. Thanks, and over to you, sir.
Good morning. I'm Chandramouli. Let us start the proceeding with a disclaimer. During the call, we may make certain statements which reflect our outlook for the future or which could be construed as forward-looking
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