Social News XYZ     

Carborundum Universal net profit flat at Rs 40 crore

Posted By: Doraiah Vundavally July 31, 2017

Carborundum Universal net profit flat at Rs 40 croreChennai, July 31 (IANS) City-based Carborundum Universal Ltd, a major in abrasives, ceramics and other products, said on Monday that it closed the first quarter of the current fiscal with a flat net profit on higher sales.

In a statement here, the company said its consolidated gross sales went up by three per cent to Rs 540 crore for the quarter ended June 30, 2017 as against Rs 526 crore posted for the quarter ended June 30, 2016.

On a consolidated basis, profit after tax and non-controlling interest was flat at Rs 40 crore, the company said.

 

At a consolidated level, it spent Rs 35 crore on capital expenditure, the statement said.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

Facebook Comments
Carborundum Universal net profit flat at Rs 40 crore

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.