Carborundum Universal Ltd
Carborundum Universal Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Ceramics segment expected to sustain strong growth driven by existing Engineered Ceramic products, Metallized Cylinders, and wear products. The company is upbeat about long-term growth, targeting a 2x revenue increase over the next 5 years.
From Carborundum Universal Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Ceramics segment expected to sustain strong growth driven by existing Engineered Ceramic products, Metallized Cylinders, and wear products.
- Newer investments in semiconductor, electronics, aerospace, and defence sectors to accelerate future Ceramics growth.
- Long-term outlook targets approximately 20-22% growth in Ceramics, with confidence in sustaining this trajectory.
- Overall company revenue expected to double over the next 5 years.
- Abrasives segment showing sequential recovery; retail inventory normalizing, expecting better H2 performance.
- Metallized Cylinders experiencing over 20% growth with plans for capacity expansion to meet smart demand growth.
- Aerospace and defence ceramics focus on domestic market initially, with certification processes underway.
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Profitability & Margins
See what Carborundum Universal Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex planned at INR 350 crores for the full financial year; INR 160+ crores spent in H1 FY '26, on track to meet target.
- Major investments in newer areas including semiconductor facilities, aerospace & defence, HP SiC facility, and thin wheel relocation.
- Significant portion of INR 350 crores capex primarily directed towards new lines of work rather than existing businesses.
- Semiconductor ceramics fab equipment facility expected to start contributing from next year.
- Aerospace and defence ceramics investments progressing well; partial contribution expected next year, significant benefits from year after.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The order backlog and project execution timelines from customers form the basis for orderbook estimations.
- H2 FY '26 in Ceramics is expected to see a strong pickup due to the order book buildup and project requirements materializing.
- There are some project delays in Wear Ceramics and Refractory segments, particularly impacting steel, cement, and glass sectors, expected to pick up next quarter.
- Metallized Cylinders and Engineered Ceramics have shown over 20% growth with programs in place to support accelerated growth.
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Carborundum Universal Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.4K Cr, net loss ₹40 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Carborundum Universal Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q3 FY25 earnings call →
- Q1 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
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Frequently Asked Questions
What were Carborundum Universal Ltd Q2 FY26 results?
Ceramics segment expected to sustain strong growth driven by existing Engineered Ceramic products, Metallized Cylinders, and wear products. The company is upbeat about long-term growth, targeting a 2x revenue increase over the next 5 years.
What is Carborundum Universal Ltd share price analysis?
Carborundum Universal Ltd currently shows a neutral. The stock trades at a P/E of 80.1 with a market cap of ₹20,606 Cr. Investors should review the full earnings analysis for detailed insights.
Is Carborundum Universal Ltd planning capital expenditure?
Capex planned at INR 350 crores for the full financial year; INR 160+ crores spent in H1 FY '26, on track to meet target.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.