Grasim Q3 Net dips 40% to Rs 332 crore

Image
Press Trust of India New Delhi
Last Updated : Feb 01 2014 | 6:22 PM IST
Grasim Industries today reported a 39.55 per cent decline in its net profit at Rs 331.93 crore for the October-December quarter on higher raw material and finance costs.
The Aditya Birla Group company, which has interests in cement, viscose staple fibre and others, had clocked Rs 549.17 crore consolidated net profit for the same period a year ago.
Total income of the company rose to Rs 7,120.47 crore during the quarter as against Rs 6,779.54 crore a year earlier.
Total expenses, at the same time, moved up to Rs 6,449.65 crore from Rs 5,791.87 crore due to higher raw material costs that went up to Rs 1,767.08 crore from 1,577.88 crore in the year-ago period.
Finance costs also increased to Rs 124.86 crore from Rs 82.26 crore. There was also a Rs 123 crore additional outgo on other expenses at Rs 1,125.47 crore during the quarter.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2014 | 6:22 PM IST

Next Story