• Consolidated Sales at Rs.1,455 Crores
  • Profit before exceptional items and tax at Rs. 138 Cr
  • Standalone Sales at Rs.911 Crores
  • Profit before tax at Rs.99 Crores

Chennai: The Board of Directors met today and approved the results for the quarter and six months ended September 30, 2026.

Financial performance

In Q2FY27, Standalone sales of Rs. 911 Cr grew by 28.0% compared to sales of Rs. 712 Cr in Q2FY26. All three segments recorded double-digit growth. Standalone Ceramics grew by 37.2%, Electrominerals by 31.3% and Abrasives by 15.9% compared to Q2FY26.

In Q2FY27, Consolidated sales of Rs. 1,455 Cr grew by 13.1% compared to Sales of Rs. 1,287 Cr in Q2FY26. Consolidated Ceramics sales grew by 36.1%, while Consolidated Electrominerals sales grew by 11.1% over the same period. Consolidated Abrasives grew by 4.0%.

Standalone Sales for the first half of FY27 was Rs. 1,757 Cr, a growth of 24.6% compared to Rs. 1,410 Cr in the same period last year. Standalone Electrominerals, Ceramics and Abrasives grew by 32.1%, 25.9% and 15.3% respectively over the same period.

Consolidated Sales for the first half of FY27 was Rs. 2,865 Cr, which is a growth of 14.9% compared to same period of last year. Consolidated Ceramics, Electrominerals and Abrasives grew by 26.3%, 14.0%, and 11.5% respectively.

In Q2FY27, Consolidated Profit before exceptional items and tax was Rs. 138 Cr compared to Rs. 113 Cr in Q2FY26. Consolidated Profit after tax and non-controlling interest was Rs. 12.45 Cr in Q2FY27. This includes an exceptional item of Rs. 80.26 Cr, relating to the closure of operations of CUMI Awuko Abrasives GmbH (CAAG). Without the effect of this exceptional item, Profit After Tax and non-controlling interest would have been Rs. 92.7 Cr. Consolidated Profit after tax and non-controlling interest was Rs. 75 Cr in Q2FY26.

For the first half of FY27, Consolidated Profit after tax and non-controlling interest was Rs. 89 Cr compared to Rs. 136 Cr in the same period last year. Without the exceptional expense incurred in Q2FY27, profit after tax of H1FY27 would have been Rs. 169 Cr.

In Q2FY27, Standalone Profit after tax was Rs. 72 Cr compared to Rs. 64 Cr in Q2FY26. For the first half of FY27, Standalone Profit after tax was Rs. 160 Cr compared to Rs. 209 Cr in the same period last year. H1FY26 included a one-time dividend of Rs. 68 Cr received from a subsidiary. Without the impact of this dividend income, profit after tax of H1FY26 would have been Rs. 142 Cr.

At the consolidated level, capital expenditure incurred during H1FY27 was Rs. 127 Cr, as compared to Rs. 162 Cr in H1FY26. Consolidated debt was at Rs. 362 Cr, and cash was Rs. 251 Cr excluding cash at Volzhsky Abrasive Works, leaving a net debt of Rs. 111 Cr. The Debt Equity Ratio was 0.09

Ceramics: Ceramics standalone sales for the quarter was Rs. 313 Cr, a growth of 37.2% compared to Q2FY26 and 14.0% compared to Q1FY27. Standalone ceramics was driven by strong orders in the Engineered ceramics, Metallized Cylinders, and Refractories segments.

Consolidated sales for Q2FY27 was Rs. 410 Cr, a growth of 36.1% compared to Rs. 301 Cr in Q2FY26 and a growth of 17.6% compared to Q1FY27.

Ceramics Standalone sales for H1FY27 was Rs. 587 Cr, a growth of 25.9% compared to H1FY26. Consolidated sales for H1FY27 was Rs. 759 Cr, a growth of 26.3% compared to H1FY26.

Standalone Profit before finance cost and tax was Rs. 67 Cr in Q2FY27 compared to Rs. 45 Cr in Q2FY26, and Rs. 59 Cr in Q1FY27, representing a growth of 48.2% and 14.4% respectively. In Q2FY27, Consolidated Profit before finance cost and tax was Rs. 101 Cr compared to Rs. 62 Cr in Q2FY26, and Rs. 74 Cr in Q1FY27. This marked a growth of 62.1% and 36.0% respectively.

Standalone Profit before finance cost and tax was Rs. 126 Cr compared to Rs. 107 Cr in H1FY26, marking a growth of 17.6%. Higher ceramics and refractories volumes in H1FY27 compared to the same period last year contributed to the gains. For H1FY27, Consolidated Profit before finance cost and tax was Rs. 176 Cr compared to Rs. 137 Cr in H1FY26. This marked a growth of 28.0%.

Electro Minerals : Standalone sales for the quarter was Rs.279 Cr. This is the growth of 31.3% compared to Rs. 213 Cr in Q2FY26, and marginally lower than Q1FY27.

In Q2FY27, consolidated sales was Rs.443 Cr, 11.1% higher than Q2FY26, and 6.3% lower than Q1FY27.

Electrominerals Standalone sales for H1FY27 was at Rs.561 Cr, a growth of 32.1% compared to H1FY26. Consolidated sales for H1FY27 was at Rs.916 Cr, a growth of 14.0% compared to H1FY26.

In Q2FY27, Standalone PBIT was Rs. 29 Cr, which is 49.1% higher than Q2FY26, and 24.3% lower than Q1FY27. Consolidated profit before finance cost and tax was at Rs.26 Cr, compared to Rs.33 Cr in Q2FY26 and Rs. 22 Cr in Q1FY27. 

For standalone business, for the first half of the year, Profit before finance cost and tax was at Rs.68 Crores against Rs.27 Cr during same period of last year. Consolidated Profit before finance cost and tax for H1 FY27 was at Rs.48 Cr against Rs.37 Cr during same period of last year.

Abrasives: Standalone sales for the quarter was Rs.357 Cr, which is 15.9% higher than Q2FY26, and 8.6% higher than Q1FY27. Growth was broad-based and driven by all segments including Precision, Industrial and Retail.

Consolidated sales for Q2FY27 was Rs.607 Cr. This is a growth of 4.0% compared to Q2FY26. Consolidated Sales of Q2FY27 was at similar levels to Q1FY27.

Abrasives standalone sales for H1 FY27 was at Rs.685 Cr, an increase of 15.3% compared to H1FY26. Abrasives consolidated sales for H1FY27 was at Rs.1,217 Cr, 11.5% higher than Rs. 1,091 Cr in H1FY26.

Further to our intimation dated 30th March 2026 regarding the decision of the Board of CUMI International Limited to initiate closure of CUMI Awuko Abrasives GmbH (CAAG), a wholly owned step-down subsidiary of the Company, the financial information of CAAG was prepared on a realisable value (non-going concern) basis and accounted Rs. 119 Cr under the heading exceptional items in the consolidated financial results, during the year ended March 31, 2026, representing write-down of various assets and recognition of restructuring costs.

As part of the closure process, CAAG entered into agreements in October 2026 for the sale of all its property, plant and equipment and inventory for an aggregate consideration of Rs. 5.34 Cr. CAAG has also entered into a reconciliation of interest and social plan with all the employees in accordance with applicable German labour law requirements. The financial impact arising from these actions has been recognised as an expense of Rs.80.3 Cr under the heading exceptional items in the consolidated financial results, representing write-down of various assets and recognition of restructuring costs disclosed in the notes to the financial statements for the period ended 30th September 2026. With the completion of the above steps, CAAG is now proceeding with the final liquidation/de-registration in accordance with the applicable German laws.

In Q2FY27, Standalone PBIT was lower at Rs.37 Cr as compared to Rs.47 Cr in Q2FY26 and better as compared to Rs.34 Cr in Q1FY27. Q2FY27 Consolidated profits before finance costs and tax was Rs.40 Cr, compared to Rs.33 Cr in Q2FY26, and was at a similar level to Q1FY27.

In H1FY27, Standalone PBIT was Rs. 72 Cr compared to Rs. 84 Cr in H1FY26. Consolidated Profit before finance cost and tax for H1FY27 was at Rs.80 Cr against Rs.45 Cr during same period of last year.