Carborundum Universal Ltd
Carborundum Universal Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Ceramics segment growth expected at around 14%-15% next year, recovering from a 9% growth this year due to deferred projects. Ceramics segment expected growth: 14% to 15.5% in FY27, driven by strong demand in engineered ceramics (including SOFC, EV applications, aerospace).
From Carborundum Universal Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Ceramics segment growth expected at around 14%-15% next year, recovering from a 9% growth this year due to deferred projects.
- Engineered Ceramics, including SOFC, EV, aerospace, and defense applications, anticipated to see substantial growth and increased revenue share.
- Semiconductor-related ceramics business qualification completed; serial production and revenue generation expected from 2029 onwards.
- Electrominerals export business growing, with 33% export share and volume-driven growth; focus on treated products and exports continuing.
- Abrasives sector shows 15% growth in H2, supported by domestic market improvements due to policy changes (e.g., China's export rebate removal).
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Profitability & Margins
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Capital Expenditure Plans
- FY26 CAPEX: INR 310 crores; FY27 planned CAPEX: around INR 400 crores, focused on capacity and capability building.
- Major FY27 CAPEX projects (~INR 400 crores) include:
- Expansion of Advanced Ceramics for power electronics (substrate, metallized tubes, rings, braced assemblies).
- Expansion of Brown Fused Alumina capacity.
- Integrated furnace facility for thermal spray powders.
- Zirconia furnace and grain processing facility.
- Commissioning thin wheel capacity at Hosur using assets acquired from DRONCO (INR 83 crores CAPEX).
- Increase treatment facility capacity (INR 30 crores CAPEX).
- CAPEX for 110 kV substation and tunnel kiln for Refractories.
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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 company missed its FY26 growth guideline primarily due to deferred projects.
- Confidence to meet the FY27 target of 14-15% growth is based on the existing backlog and forecast from customers.
- Deferred projects from FY26 are expected to contribute to growth in the next couple of years.
- The backlog and customer forecast give the management optimism about meeting growth expectations.
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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 →
- Q2 FY26 earnings call analysis →
- Q4 FY25 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 Q4 FY26 results?
Ceramics segment growth expected at around 14%-15% next year, recovering from a 9% growth this year due to deferred projects. Ceramics segment expected growth: 14% to 15.5% in FY27, driven by strong demand in engineered ceramics (including SOFC, EV applications, aerospace).
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?
FY26 CAPEX: INR 310 crores; FY27 planned CAPEX: around INR 400 crores, focused on capacity and capability building.
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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.