Grasim PAT tanks 36 per cent QoQ
Nidhi Jani / 14 Nov 2017
The company reported PAT of Rs. 799 crore which represents a sequential QoQ decline of 36 per cent and a YoY decline of 26.7 per cent.
Grasim reported weak results for the quarter ended September 30, 2017 on Tuesday.
Total sales for Q2FY18 came in at Rs. 13,645.7 crore. This represents a 24.2 per cent sequential increase and 45.8 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 2,031.2 crore and the EBIT margin stood at 14.9 per cent.
The company reported PAT of Rs. 799 crore which represents a sequential QoQ decline of 36 per cent and a YoY decline of 26.7 per cent.
On Tuesday, the stock opened at Rs. 1,223 and touched an intra-day high and low of Rs. 1,236.5 and Rs. 1,203.9, respectively, on the BSE.
The company's segments include viscose staple fibre and wood pulp; cement, which includes grey, white and allied products; chemicals, which include caustic soda and allied chemicals, and others, which includes textiles. Some of its products are viscose staple fibre, rayon grade pulp, grey cement, white cement and textiles.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.