Page 6 - Grasim Industries

Grasim Industries fourth quarter net profit rises 13.3% to Rs 2,616 cr

Grasim Industries' total expenses in the March 2021 quarter stood at Rs 20,887.16 crore, up 15.7 per cent as against Rs 18,053.40 crore a year ago.

Stocks to watch: Tata Steel, Hero MotoCorp, Concor, United Spirits, Grasim

Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today

Grasim Industries plans to raise funds via debt securities, term-loan

Aditya Birla group firm Grasim Industries on Wednesday said it plans to raise funds by availing term loans or by issuing debt securities. The board of the company, in a meeting held on Wednesday, has approved the raising of funds, Grasim Industries said in a regulatory filing without informing the amount which it intends to raise. It has also authorised the Finance Committee of the Board of Directors "to finalise mode, terms and conditions of raising of funds including availment of term loans (in INR or foreign currency) or issuance of Securities" and decide on all matters and transaction relating to the same. Besides term loans, Grasim would also raise funds by issuing debt securities including foreign currency denominated bonds or debentures or securities, which may be issued in tranches, in India or overseas, within the overall borrowing limit of Rs 10,000 crore, it added further. Grasim Industries is a leading manufacturer in cement, viscose staple fibre and chemicals. In FY .

Analysts bullish on cement stocks on sustained demand, price hikes

Analysts note that cement manufacturers may have to hike prices further to ensure sustainability of margins amid rising cost pressures.

Grasim Industries net profit rises 2 times to Rs 1,384 crore in Q3

All key businesses have outperformed pre-Covid operational levels

Grasim Industries' net profit rises over twofold to Rs 2,152 cr in Dec qtr

Aditya Birla Group firm Grasim Industries Ltd on Friday reported over a twofold jump in its consolidated net profit to Rs 2,152.33 crore for the third quarter ended December 31. The company had posted a net profit of Rs 1,039.82 crore during the corresponding quarter of the previous fiscal, Grasim Industries said in a regulatory filing. Its revenue from operations during October-December 2020 rose 12.72 per cent to Rs 20,986.35 crore, against Rs 18,616.76 crore in the year-ago period. "Key businesses outperform pre-COVID-19 operational levels, leveraging the synergy of a conglomerate and the energy of focused businesses," said Grasim Industries in its earning statement. The firm's total expenses were at Rs 18,278.75 crore in the third quarter of 2020-21, up 4.81 per cent as against Rs 1,7439.19 crore a year ago. Revenue of Grasim Industries from viscose-pulp, viscose staple fibre (VSF) and filament yarn segments was down 2.20 per cent to Rs 2,145.14 crore, against Rs 2,193.55 ...

Sensex ends volatile trade 12 pts up; RIL jumps 6% this week, ITC down 7%

On the sectoral front, the Nifty Metal index skid 1.7 per cent, followed by the Nifty FMCG index declined 1.5 per cent

Grasim reports 2x jump in Q3 profit at Rs 1,384 crore; revenue up 13%

Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped by 52 per cent to Rs 4,476 crore from Rs 2,945 crore

Coming out of the woods: Grasim's core biz sees significant recovery in Q2

Improving prospects of core businesses to drive earnings, and better outlook for subsidiaries to reduce holding company discount

Top firms exit fertiliser biz on delayed subsidy payouts, falling margins

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Grasim Industries to sell fertiliser biz to Indorama Corp for Rs 2,649 cr

It's a slump sale and a major value-unlocking exercise for Grasim, allowing it to pursue growth opportunities in its core businesses

Grasim Industries Q2 net profit increased 3.30% at Rs 1,521.40 crore

Aditya Birla Group firm GrasimIndustries Ltd on Thursday reported a 3.30 per cent increase in consolidated net profit at Rs 1,521.40 crore for the second quarter ended September 2020.

Grasim's small shareholders may not be keen to invest more in Vodafone Idea

This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Nifty strategy by Anand Rathi: Buy on dips with stop-loss at 11,450

Banknifty has also started joining the market rally

Weekly trading ideas by Religare Broking: Buy Grasim Industries, Biocon

Grasim is witnessing a breakout from the range where it has spent the last two months

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas

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

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

Grasim Q4 consolidated PAT up 32 pc at Rs 1,506 crore

Mumbai (Maharashtra) [India], June 13 (ANI): Aditya Birla-led Grasim Industries on Saturday reported a consolidated profit after tax of Rs 1,506 crore in the fourth quarter ended March (Q4 FY20), marking a growth of 32 per cent from Rs 1,144 crore in Q4 FY19.

Grasim Industries consolidated PAT for Mar quarter up 32 pc to Rs 1,506 cr

On a standalone basis, the revenue and EBITDA for FY20 declined on account of general economic slowdown and start of the lockdown in major economies of the world