2023-03-09 CUMI launches monocrystalline alumina under brand name CUMI Monk
Mar. 8, 2023 - Carborundum Universal Limited (CUMI), a leading manufacturer of abrasives, ceramics, electro minerals, refractories and more, launched a new product–CUMI Monk–at the GrindTec Fair in Leipzig, Germany. CUMI Monk or Monocrystalline Alumina is manufactured by the fusion method using speciality alumi...
2022-03-04 CUMI's Russian operations may not be largely affected
Mar. 4, 2022 - The sanctions imposed by the US and other nations on Russia may not have any major abrasive effect on India's Carborundum Universal Ltd (CUMI) and its Russian subsidiary Volzhsky Abrasive Plant, officials said. Last week, Russia launched a military attack against Ukraine, resulting in san...
2021-02-03 Carborundum Universal reports consolidated net profit of Rs 87 cr in Q3 FY2020-21
Feb. 2, 2021 - Abrasives manufacturer Carborundum Universal Ltd on Tuesday said it has clocked consolidated net profits of Rs 86.62 crore for the quarter ending December 31, 2020. The city-based Murugappa Group company had recorded consolidated net profits of Rs 61.36 crore in the corresponding quart...
2020-02-06 CUMI Standalone December 2019 Net Sales at Rs 414.95 crore
Feb. 6, 2020 - Reported Standalone quarterly numbers for Carborundum Universal are: Net Sales at Rs 414.95 crore in December 2019 down 10.6% from Rs. 464.13 crore in December 2018. Quarterly Net Profit at Rs. 40.32 crore in December 2019 up 15.07% from Rs. 35.04 crore in December 2018. EB...
2019-11-07 CUMI wins IEI Centenary Business Excellence Award 2019
Nov. 7, 2019 - Carborundum Universal Limited has won the coveted IEI Centenary Business Excellence Award 2019. The award was received by Mr Jayan P S, EVP and Business Head – EMD, and Mr Nair Nandkumar, Sr. AVP from Shri Nitin Gadkari, Minister for Road Transport, Highways of India, Shipping & MSME in a fun...
2019-08-26 CUMI turns to sell stake in South Africa subsidiary
Aug. 26, 2019 - Caborundum Universal Ltd (CUMI) is looking at options, including selling its stake in Foscor Zirconia, a subsidiary in South Africa, as the business has not turned around over a period of time. The profit before interest and tax for the quarter ended June 30, 2019, was adversely impacted, amounting to...
2019-05-03 CUMI net sales up 14% for its Q4 of FY 2019
May 1, 2019 - Carborundum Universal has released its results for the fourth quarter and FY19 and stated that its consolidated sales for the full year, increased by 14 per cent to Rs 2,656 crore from Rs 2,330 crore (excluding excise duty), the previous year. The growth was driven by better performance from all ...
2019-03-23 CUMI mulls options of relocating South African subsidiary plant
Mar. 23, 2019 - Murugappa Group manufacturing firm Carborundum Universal (CUMI) may look at options, including relocating the plant under its South African subsidiary - Foskor Zirconia, if the business does not turn around by the end of the current quarter. The plant produces monoclinic and calc...
2019-02-05 Murugappa Group’s Carborundum Universal Q3 sales up 14%
Feb. 4, 2019 - Driven by better performance across segments, Carborundum Universal Limited, part of Murugappa Group has announced consolidated net sales increase by 14 percent to Rs 683 crores from Rs 600 crores for Q3 FY 2018-19. At standalone level, net sales also grew up by 13 percent. Consolida...
2019-02-02 Carborundum Standalone December 2018 Net Sales at Rs 464.13 crore, up 12.8% Y-o-Y
Feb. 1, 2019 - Reported Standalone quarterly numbers for Carborundum Universal are: Net Sales at Rs 464.13 crore in December 2018 up 12.8% from Rs. 411.45 crore in December 2017. Quarterly Net Profit at Rs. 35.04 crore in December 2018 down 6.76% from Rs. 37.58 crore in December 2017. ...
2018-12-10 Carborundum Universal allots 20,552 equity shares
Dec. 10, 2018 - Carborundum Universal has allotted 20,552 shares of Re.1/- each arising out of the exercise of stock options, granted to the option grantees of the Company under the Employees Stock Option Scheme 2007 and Plan 2016 on 07 December 2018. With this allotment, the number of equity shares ...
2018-11-26 CUMI sees big electrominerals opportunity in US as Chinese supply dwindles
Nov. 24, 2018 - Carborundum Universal (CUMI), the adhesives, electrominerals and ceramics manufacturing firm of Murugappa Group, has started the first shipment of standard electrominerals to the US. This comes as the opportunities open up with the deteriorating trade relations ...
2018-11-02 Carborundum Universal’s Q2 Consolidated Net Sales increased by 12%, Consolidated PAT increased by 17%
Nov. 2, 2018 - The Board of Directors of Carborundum Universal approved the results for the Quarter and Six months ended 30th Sep 2018. Financial performance Consolidated net sales for the quarter, increased by 12 percent to Rs.651 crores from Rs.579 crores driven by better performance from all se...
2018-09-03 Carborundum Universal looks to boost revenue to Rs 32 billion by FY20
Sep. 2, 2018 - Carborundum Universal Limited (CUMI), a leading player in the abrasives and electronic minerals business, is expecting better margins and new products to improve its growth. Revamping of its operations is expected to help the company clock in Rs 32 billion revenue by 2019-20 ...
2018-08-16 Carborundum Universal provides operations update on the impact of floods
Aug. 16, 2018 - Carborundum Universal announced that its Edapally, Koratty and Kakkanad plants are all safe and continue to be in operation. However, the hydel power plant of the Company generating power for captive consumption of the Electrominerals division at Maniyar has been flooded and is cur...
2018-08-07 Carborundum Universal's consolidated Q1 net up 56.3%
Aug. 5, 2018 - Carborundum Universal Ltd, engaged in manufacturing of abrasives, electro minerals, industrial ceramics, has recorded a 56.3 percent rise in its net profits on a consolidated basis for the quarter ending June 30, 2018 at Rs 65.29 crore. The city-based Murugappa Group company, recorded consolidat...
2018-08-03 CUMI Consolidated Net Sales up by 22%
Aug. 03, 2018 - Consolidated sales (without excise duty) for the quarter, increased by 22 percent to Rs.626 crores from Rs.512 crores driven by better performance from all the business segments. At a standalone level, sales (without excise duty) grew by 28 percent. Consolidated segmental profit...
2018-02-22 CUMI Q3 net sales increased by 15%
Feb. 14, 2018 - The Board of Directors met today and approved the resu ts for the quarter and nine months ended 31" Dec 2017. Consolidated Q3 financial performance Consolidated net sales (excluding excise duty) for the quarter, increased by 15 percent to Rs.600 crores from Rs....
2018-02-06 M. M. Murugappan takes charge as Executive Chairman, Murugappa Group
Feb. 5, 2018 - M. M. Murugappan, Vice-Chairman, Murugappa Group, has taken charge as the Executive Chairman of the Group today. He succeeds A. Vellayan who served as Executive Chairman from November 2009 and retires, as customary in the Murugappa Group, at the age of 65. During his tenure, A. Vellay...
2018-01-03 Carborundum Universal Ltd announces resignation of CFO
Jan. 2, 2018 - Carborundum Universal announced that Mr Sridharan Rangarajan will be stepping down as the Chief Financial Officer of the Company with effect from the closing hours of 17 January 2018 as he would be taking up the role of Group - CFO of the Murugappa Group from 18...
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