Carborundum Universal (CARBORUNIV) Q4 23/24 earnings summary

Executive summary

• Consolidated revenue for FY24 was ₹46,282 million, up 0.6% year-over-year; standalone revenue grew 4.9% to ₹25,932 million.

• Profit after tax (PAT) rose 11.4% to ₹4,613 million on a consolidated basis; standalone PAT increased 5.9% to ₹3,504 million.

• Dividend payout reached ₹4.00 per share, maintaining an unbroken record since 1957.

• Flat consolidated revenue growth was mainly due to currency translation losses from the Russian subsidiary, despite strong local performance.

Financial highlights

• Consolidated EBITDA margin improved to 19% (from 17%); PBIT margin at 14%.

• ROCE at 20% (consolidated), 21% (standalone); ROE at 16%.

• Debt-equity ratio reduced to 0.04 (consolidated) and nil (standalone); company is debt-free at standalone level.

• Free cash flow to PAT at 90% (consolidated), 104% (standalone).

• International revenue share at 54% of consolidated sales.

Outlook and guidance

• India expected to remain a growth engine, with robust demand in manufacturing, infrastructure, and automotive sectors.

• Focus on transformational growth through the 2030 strategic roadmap, targeting advanced materials, clean energy, semiconductors, and mobility.

• Global economic volatility, currency fluctuations, and geopolitical risks remain key uncertainties.