Carborundum Universal Q4 Results Review - Decent Quarter; Subsidiaries On Right Track: 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.We revise our FY25/26E EPS estimates by +2.1%/2.7% factoring in improving performance at subsidiary level and upcoming capacity expansions, but downgrade the rating to ‘Accumulate’ from Buy with a revised target price of Rs 1,631 (Rs 1,347 earlier) given the steep run-up in stock price. Carborundum Universal Ltd. reported decent quarterly performance with flattish revenue YoY and Ebitda margin improving by 157 bps YoY to 17.4%. Continued traction in Indian market is expected to aid growth across segments. Carborundum Universal America should continue to perform well, while healthy improvement is anticipated in AWUKO, RHODIUS, and Foskor Zirconia. Chinese dumping will likely keep Electrominerals margin and retail abrasive sales under pressure. Management has guided for Rs 51-52 billion consolidated revenue in FY25 led by Ceramics and abrasives, with 20-30 bps improvement in PBIT margin..Click on the attachment to read the full report:.Max Financials Q4 Results Review - Continues To Prove It Is The Growth \nChampion: Yes Securities.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 Q4 Results Review - Decent Quarter; Subsidiaries On Right Track: Prabhudas Lilladher

6 million tonne per month capacity expansion announced for high purity silicon carbide.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Carborundum Universal Q4 Results Review - Decent Quarter; Subsidiaries On Right Track: Prabhudas Lilladher

6 million tonne per month capacity expansion announced for high purity silicon carbide.

Choose a plan

Follow Us

DOWNLOAD THE APP