Carborundum Universal announced that its Edapally, Koratty and Kakkanad 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 floodedand is currently not generating power. The employees working in this plant have been moved to safety. The non-generation of power by the plant has so far not impacted the operations of our facilities in Kerala which continue to be in operation. The extent of damage and the likely time to restore generation of power at this hydel facility can be assessed only after the water recedes.

Powered by Capital Market - Live News

Net profit of Carborundum Universal rose 56.31% to Rs 65.29 crore in the quarter ended June 2018 as against Rs 41.77 crore during the previous quarter ended June 2017. Sales rose 22.14% to Rs 625.79 crore in the quarter ended June 2018 as against Rs 512.35 crore during the previous quarter ended June 2017.

Powered by Capital Market - Live News

Net profit of Carborundum Universal rose 90.01% to Rs 39.20 crore in the quarter ended June 2018 as against Rs 20.63 crore during the previous quarter ended June 2017. Sales rose 27.68% to Rs 410.03 crore in the quarter ended June 2018 as against Rs 321.13 crore during the previous quarter ended June 2017.

Powered by Capital Market - Live News

Carborundum Universal has allotted 22,132 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 on 14 July 2018.

With this allotment the number of equity shares outstanding is 189,039,103 and the paid-up equity share capital is Rs.189,039,103/-.

Powered by Capital Market - Live News