Grasim net dips 14%

Grasim Industries, a part of the Aditya Birla Group, on Tuesday reported a 14 per cent fall in third-quarter consolidated net profit at Rs 502 crore, compared to Rs 580 crore in the previous corresponding quarter. Net revenue rose 13 per cent to Rs 5,461 crore from Rs 4,846 crore.

UltraTech’s poor performance dampened Grasim results. It is a wholly-owned subsidiary of Grasim Industries. The other businesses of Grasim include viscose staple fibre and chemical.

On a stand-alone basis, Grasim’s net profit jumped by eight per cent to Rs 283 crore from Rs 262 crore, while net revenue increased 19 per cent to Rs 1,257 crore from Rs 1,058 crore.

Shares of were down by 1.21 per cent at Rs 2,368.60 on the Bombay Stock Exchange.

image
Business Standard
177 22
Business Standard

Grasim net dips 14%

BS Reporter  |  Mumbai 



Grasim Industries, a part of the Aditya Birla Group, on Tuesday reported a 14 per cent fall in third-quarter consolidated net profit at Rs 502 crore, compared to Rs 580 crore in the previous corresponding quarter. Net revenue rose 13 per cent to Rs 5,461 crore from Rs 4,846 crore.

UltraTech’s poor performance dampened Grasim results. It is a wholly-owned subsidiary of Grasim Industries. The other businesses of Grasim include viscose staple fibre and chemical.

On a stand-alone basis, Grasim’s net profit jumped by eight per cent to Rs 283 crore from Rs 262 crore, while net revenue increased 19 per cent to Rs 1,257 crore from Rs 1,058 crore.

Shares of were down by 1.21 per cent at Rs 2,368.60 on the Bombay Stock Exchange.

RECOMMENDED FOR YOU

Grasim net dips 14%

Grasim Industries, a part of the Aditya Birla Group, on Tuesday reported a 14 per cent fall in third-quarter consolidated net profit at Rs 502 crore, compared to Rs 580 crore in the previous corresponding quarter. Net revenue rose 13 per cent to Rs 5,461 crore from Rs 4,846 crore.

Grasim Industries, a part of the Aditya Birla Group, on Tuesday reported a 14 per cent fall in third-quarter consolidated net profit at Rs 502 crore, compared to Rs 580 crore in the previous corresponding quarter. Net revenue rose 13 per cent to Rs 5,461 crore from Rs 4,846 crore.

UltraTech’s poor performance dampened Grasim results. It is a wholly-owned subsidiary of Grasim Industries. The other businesses of Grasim include viscose staple fibre and chemical.

On a stand-alone basis, Grasim’s net profit jumped by eight per cent to Rs 283 crore from Rs 262 crore, while net revenue increased 19 per cent to Rs 1,257 crore from Rs 1,058 crore.

Shares of were down by 1.21 per cent at Rs 2,368.60 on the Bombay Stock Exchange.

image
Business Standard
177 22
Widgets Magazine

More News

  • Cyrus Mistry Tata Global Beverages to explore restructuring or selling China operations
  • HP reclaims top spot in domestic PC market HP reclaims top spot in domestic PC market
Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard