Grasim Ind consolidated net up 56%

Grasim Industries, part of the Aditya Birla Group, has posted an increase of 56 per cent in its consolidated net profit for the quarter ended December, at Rs 715 crore compared with Rs 460 crore in the corresponding previous quarter. The company's consolidated net revenue grew to Rs 4,844 crore, up 5 per cent during the period from Rs 4,610 crore last year.

Higher volumes and lower input prices were the key growth drivers for the company's quarterly performance.

On a standalone basis, the net profit for the December quarter stood at Rs 595.88 crore against Rs 329.56 crore last year, up 80 per cent. The net sales on the standalone front was Rs 3,051.89 crore compared with Rs 2,658.77 crore, up 14.79 per cent.

 

The company's cement segment, which contributes to three-fourths of the revenue, is undergoing restructuring.