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Grasim Industries Ltd Q3FY24; 42% fall in Profits

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 Q3FY24 of ₹31,965.00 Crores up from ₹28,638.00 Crore year on year, a rise of 11.62%.

Total Expenses for Q3FY24 of ₹28,750.00 Crores up from ₹26,522.00 Crores year on year, a rise of 8.4%.

Consolidated Net Profit of ₹2,603.00 Crores down 41.57% from ₹4,455.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹22.25, down 39.82% from ₹36.97 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Chemicals
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