 "December quarter results: Analysts expect tepid numbers")
Aditya Birla group's Grasim Industries today announced a 17 percent rise in its consolidated revenue for the December quarter at Rs 28,638 crore and profit after tax of Rs 2,516 crore, up 44 percent -- driven mainly by strong performance of its subsidiaries – UltraTech Cement and Aditya Birla Capital.
The net profit for the quarter includes a fair value gain of Rs 1,492 crore recognised by Aditya Birla Capital, a subsidiary, post the acquisition of 9.99 per cent stake by Abu Dhabi Investmentl Authority’s entities in Aditya Birla Health Insurance. Excluding the gain, the company’s net profit stood at
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