Grasim Industries Limited is the flagship company of the Aditya Birla group, it ranks amongst India’s largest private sector companies. On standalone basis, GIL’s core businesses comprise of viscose Staple fibre (VSF), caustic soda, speciality chemicals, rayon-grade wood pulp (RGWP) with plants at multiple locations. It also has certain other businesses such as fertiliser, textile, etc.
Financial Results:
- Grasim Industries Ltd reported Revenues for Q1FY24 of ₹31,065.00 Crores up from ₹28,042.00 Crore year on year, a rise of 10.78%.
- Total Expenses for Q1FY24 of ₹27,923.00 Crores up from ₹24,394.00 Crores year on year, a rise of 14.47%.
- Consolidated Net Profit of ₹2,576.00 Crores down 6.63% from ₹2,759.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹23.94, down 18.49% from ₹29.37 in the same quarter of the previous year.