Research ReportsCarborundum Q4 Review: ICICI Securities Maintains 'Reduce', Cuts Target Price Post Underwhelming Result
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Carborundum Q4 Review: ICICI Securities Maintains 'Reduce', Cuts Target Price Post Underwhelming Result
Carborundum unveiled a five-year strategy to improve the product basket and grow its market share and revenues by two times while improving sustainable profits, adds the brokerage.
Carborundum reported consolidated revenues Rs 12.2 billion (+1% YoY) and Rs 49 billion (+4% YoY) for Q4 and FY25.
(Photo Source Company).
The guidance for FY26 is muted on the back of continued weakness in underlying businesses. In this backdrop, Carborundum unveiled a five-year strategy to improve the product basket and grow its market share and revenues by two times while improving sustainable profits.