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Carborundum Common posts ₹333 cr consolidated PAT in FY22

Murugappa Group’s abrasives and industrial ceramics maker Carborundum Common Ltd has reported a standalone revenue after tax of ₹62 crore for the quarter ended March 31, 2022, as in comparison with ₹59 crore (after an distinctive merchandise), within the year-ago quarter. Standalone income from operations stood at ₹585 crore as towards ₹509 crore.

For the total yr, the web revenue elevated to ₹254 crore as in comparison with ₹184 crore. Income from operations stood at ₹2,215 crore as towards ₹1,673 crore. On a consolidated foundation, its revenue after tax and non-controlling curiosity grew by 17 per cent to ₹333 crore in FY22 as towards ₹284 crore in FY21, in line with a press release 

Consolidated gross sales for the yr, elevated by 26 per cent to ₹3,290 crore from ₹2,604 crore, pushed by regular efficiency throughout enterprise segments. On a consolidated foundation, all segments reported sturdy development in profitability for FY22.

Debt-equity ratio

The capital expenditure in FY22 was ₹170 crore on the consolidated degree. The debt-equity ratio on the consolidated degree was 0.09. Money and money equivalents together with deposits with tenure exceeding three months internet of borrowings had been at ₹138 crore.

Free money movement (FCF) for the yr ended March 31, 2022, was at ₹118 crore, which at 35 per cent of PAT was decrease in comparison with the earlier monetary yr’s FCF, which was 133 per cent of FY21 PAT. This was primarily on account of strategically sustaining greater inventories contemplating an unsure exterior setting and better capex spend, the assertion added.

Return on Invested Capital (ROIC) for 3 main segments collectively moved from 27 per cent in FY21 to 31 per cent in FY22.

Revealed on

Might 14, 2022

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