Grasim Industries comes out with flying colours; Manages double digit profits

Aditya Birla promoted Grasim Industries has come out with flying colours, as the company has posted  positive results. On a (QoQ) basis the company has posted a Net revenue of around 2539.64 crore. Net revenue for the period has seen an increase of 7 per cent from the previous quarter. Net profit stands at Rs 208.59 crore as compared to Rs 260.37 crore in the corresponding quarter.

On a (YoY), the revenue has increased by 13 per cent, and stands at Rs 10,001 crore as against Rs 8,817 crore in the same period last year; consolidated revenue was higher by 12 per cent at Rs 36,637 crore and Net profit has increased to Rs 2,387 crore as compared to Rs 1,753 crore during the  last year.

The company's consolidated results were good, largely due to a robust performance by Chemical, Cement, Viscos staple fiber segment.

The chemical division's revenue has doubled to Rs 957 crore as against Rs 429 crore, an increase of around 1.2 times. Cement business has also out performed street estimates; EBITDA margin for the company’s major brand Ultra Tech Cement has seen a surge of 3 per cent, largely due to increase in volumes. Viscos staple fiber has also seen a revenue surge of 23 per cent and stands at Rs 1729 crores.

Grasim Industries Limited is an Indian private sector enterprise. The company's businesses comprises of viscose staple fiber, textiles and chemicals (caustic soda, stable bleaching powder, poly aluminium chloride, chloro sulphuric acid). 

The shares on the bourses are trading at 4140.05, up by (0.68%). The shares are in green as the firm has managed to pull off a double digit revenue both quarterly and annually.