Grasim Q2 net up 8.35%

BS 200 SCORECARD

Grasim Industries, the flagship company of the Aditya Birla group, has posted a 8.35 per cent increase in its net profit at Rs 219.94 crore in the quarter ended September 2004 compared with Rs 202.98 crore in the corresponding quarter last year.

The company's net sales for the quarter increased by 29 per cent to Rs 1,528.15 crore this quarter against Rs 1,184.65 crore in the same quarter previous year. Interest outgo stood reduced at Rs 36.7 crore from Rs 40.31 crore.

Grasim stock on Bombay Stock Exchange closed at Rs 1114.35, down marginally. Domestic realisation grew by 20 per cent while export realisation recorded an increase by 34 per cent.