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Carborundum profit plunges

Carborundum profit plunges
PTI
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First Published: Tue, Jan 30 2007. 03 58 PM IST
Updated: Tue, Jan 30 2007. 03 58 PM IST
New Delhi: Carborundum Universal Limited has reported a 70.96% decline in profit after tax at Rs12.6 crore for the third quarter as against Rs43.4 crore in the same quarter last year. Profits are lower primarily because last fiscal’s third quarter result included an exceptional income of Rs32.39 crore on profit from sale of shares, a CUMI release said. However, sales of the Murugappa Group company grew 24% to Rs136 crore in the third quarter against Rs109 crore a year ago quarter.
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First Published: Tue, Jan 30 2007. 03 58 PM IST