Q3FY17 Results : Grasim Industries
Bhagyashree Vivarekar / 30 Jan 2017
The company reported PAT of Rs 728.19 crore, which represents a sequential QoQ decline of 13.92 per cent and a YoY increase of 13.7 per cent.
Grasim Industries reported its results for the quarter ended December 31, 2016, today.
The total sales for Q3FY17 came in at Rs 9577.02 crore, which represents a 2.36 per cent sequential increase and 0.84 per cent YoY increase.
The operating profit (EBIT) for the quarter amounted to Rs 1261.75 crore and the EBIT margin stood at 13.17 per cent.
The company reported PAT of Rs 728.19 crore, which represents a sequential QoQ decline of 13.92 per cent and a YoY increase of 13.7 per cent.
The company's stock opened for trading at Rs 934 on the BSE, and rose 4.4 per cent and closed for the day at Rs 970.20.
Grasim Industries Limited is an Indian private sector enterprise. The company's businesses comprise of viscose staple fibre, textiles and chemicals (caustic soda, stable bleaching powder, poly aluminium chloride, chloro sulphuric acid).
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