CUMI Q4 net profit declines 8%

Carborundum Universal Ltd.’s (CUMI) standalone net profit for the fourth quarter ended March declined by about 8% to ₹58 crore from ₹62 crore in the year-earlier period.

During the quarter under review, income from operations jumped by more than 41% to ₹503 crore, driven by steady performance across business segments, the Murugappa group firm said in a filing. During FY21, CUMI incurred a capital expenditure of ₹103 crore.

On Wednesday, the board recommended a final dividend of ₹1.50 per share. CUMI had earlier paid an interim dividend of ₹1.50 per share.

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