Financial Performance

Carborundum Universal Limited reported FY26 standalone revenue of ₹30,625.38 million, an 8.3% increase from FY25, while net profit declined 34% to ₹4,162.80 million. The company recognized exceptional items of ₹1,345.66 million due to impairment and restructuring costs at subsidiaries CUMI AWUKO (Germany) and Foskor Zirconia (South Africa). Consolidated revenue stood at ₹52,063.05 million with profit of ₹1,677.99 million.

Dividend Declaration

Board recommended final dividend of ₹2.50 per share, totaling ₹4.00 per share including the ₹1.50 interim dividend paid in February 2026. Record date is July 31, 2026, with payment scheduled for August 18, 2026 subject to shareholder approval at the AGM.

Annual General Meeting

The 72nd AGM will be held virtually on August 7, 2026, with e-voting available from August 3-6, 2026. Agenda includes adoption of financial statements, reappointment of Mr. Muthiah Murugappan as director, and special resolutions for chairman remuneration and cost auditor ratification.

Corporate Governance & Compliance

Company received SEBI exemption from appointing independent director on Russian subsidiary Volzhsky Abrasive Works due to OFAC sanctions, valid until sanctions lift or VAW ceases being material. Non-compliance noted with CFO vacancy since September 2025. VAW's ₹11.9 billion assets include ₹2.97 billion cash unavailable due to repatriation restrictions.

Shareholding & Capital Structure

Promoter shareholding changes occurred due to demise of A. Vellayan and transmission of shares to legal heirs. Paid-up capital increased to 190,492,502 shares with 99.51% dematerialized. ESOP schemes have 2.18 million outstanding options with potential dilution of 2.18 million shares.

Operational Highlights

Segment performance: Abrasives (₹22,705 million revenue), Ceramics (₹12,680 million), Electrominerals (₹16,317 million). Export contribution was 31% of turnover with foreign exchange earnings of ₹9,179 million. Renewable energy share reached 22% with 11% GHG emission intensity reduction against 2030 target of 25%.

Financial Position

Cash and cash equivalents increased to ₹2,028.65 million. Trade receivables stood at ₹5,447.83 million net. CSR expenditure was ₹83.72 million focused on skill development, healthcare, and education initiatives. Company invested ₹90.5 million in energy conservation including ₹79.6 million for renewable energy sourcing.