Grasim Industries Q1 net profit down 66.6% to Rs 621 cr, revenue down 32.2%

Aditya Birla Group firm Grasim Industries Ltd on Thursday reported a66.61 per cent decline in consolidated net profit at Rs 620.74 crore for the first quarter ended June 2020, impacted by disruption in economic activities due to Covid-19 pandemic-induced lockdown.

The company had posted a net profit of Rs 1,859.61 crore during April-June quarter of the previous fiscal, Grasim Industries said in a regulatory filing.

Its revenue from operations declined 32.24 per cent during the quarter under review to Rs 13,621.10 crore as against Rs 20,103.04 crore in the corresponding period of previous fiscal.

"The results should be seen in