Grasim Q3 net drops 25% to Rs 162 crore

BS 200 SCORECARD

Grasim Industries, the flagship company of the Aditya Birla group, posted net profit of Rs 162 crore for the quarter ended December 2005 compared with Rs 217 crore for the quarter ended December 31, 2004, a decrease of 25.43 per cent.

For the reporting quarter, total income stood at Rs 1,663 crore versus Rs 1,598 crore in the same quarter last year. On a consolidated basis, Grasim posted net profit of Rs 195 crore as against Rs 207 crore recorded last year. Consolidated total income has increased to Rs 2,533 crore from Rs 2,382 crore. The company is poised for a significant growth in the years ahead, Grasim said in a statement.

The optimism stems from the company's expanded capacities, leadership status in its key business segments, cost optimisation measures, strategic planning and prudent financial management.

The company will continue its thrust on value added new products and application development. The company's Research & Application Centre at Gujarat will foster the development of new applications and value added products.