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Grasim net profit up by 51 per cent
01 Dec 2016
1 Min Read
CW Staff
Grasim Industries has reported 51 per cent increase in consolidated net profit in the September quarter at Rs 846 crore due to higher viscose staple fibre output and better realisation in cement business. Net sales rose by 3 per cent to Rs 9,262 crore. Other income rose 52 per cent to Rs 312 crore, while finance cost declined 12 per cent to Rs 167 crore, giving a boost to the company's profitability. Earnings before interest, taxes, depreciation and amortisation rose 29 per cent to Rs 2,098 crore.
Contact: Grasim Industries.
Tel: 022-2202 3642.
Website: www.grasim.com
Grasim Industries has reported 51 per cent increase in consolidated net profit in the September quarter at Rs 846 crore due to higher viscose staple fibre output and better realisation in cement business. Net sales rose by 3 per cent to Rs 9,262 crore. Other income rose 52 per cent to Rs 312 crore, while finance cost declined 12 per cent to Rs 167 crore, giving a boost to the company's profitability. Earnings before interest, taxes, depreciation and amortisation rose 29 per cent to Rs 2,098 crore. Contact: Grasim Industries. Tel: 022-2202 3642. Website: www.grasim.com
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