Shares of Carborundum Universal rallied sharply in intraday trade, surging as much as 8.34% to hit a 52-week high of ₹1,123.9 on the National Stock Exchange of India. According to reports from Business Standard, the stock was trading at ₹1,090.80, up 5.15% over its previous close of ₹1,037.35 as of 02:44 PM. The strong performance came following the company's Q4 and full-year results announcement along with a dividend declaration. During the session, a combined total of nearly 2.1 million equity shares, estimated to be worth ₹226 crore, changed hands across the NSE and BSE. The company's market capitalisation stood at ₹20,701.77 crore on the NSE as of May 15.
For the quarter ended March 31, 2026, Carborundum Universal reported a 13% year-on-year increase in revenue to ₹1,383 crore, compared with ₹1,199 crore in Q4FY25. However, the company posted a net loss of ₹40 crore during the quarter, versus a net profit of ₹30 crore in the year-ago period. According to the company's financial results, expenses rose 17% year-on-year to ₹1,325 crore from ₹1,130 crore in the corresponding quarter of the previous year.
The company's board has recommended a final dividend of ₹2.50 per equity share (250%) on a face value of Re 1 each for the year ended March 31, 2026. As reported by Business Standard, subject to approval at the 72nd Annual General Meeting, the final dividend will be credited electronically to eligible shareholders who have registered their NECS/ECS mandates by August 18, 2026. An interim dividend of ₹1.50 per equity share was earlier declared on January 29, 2026 and paid on February 19, 2026. With the latest recommendation, total dividend for FY26 aggregates to ₹4.00 per equity share.
The company has announced that it has allotted 1,000 equity shares of ₹1/- each arising out of the exercise of stock options, granted to option grantee of the company under the Company's ESOP Plan 2016. According to the company's announcement, consequent to this allotment, the number of equity shares outstanding is 19,04,93,502 and the paid-up equity share capital is ₹19,04,93,502. This corporate action reflects the company's ongoing employee stock option program under its established ESOP framework.
