Grasim Industries reports 34% rise in Q2 FY24 net profit

14 Nov 2023 CW Team

Grasim Industries, a component of the Aditya Birla Group, announced a significant increase of 34.11% in its net consolidated profit for the quarter concluding on September 30, 2023. The profit after tax for Q2 FY24 reached Rs 20.24 billion, contrasting with the Rs 15.09 billion reported in the corresponding quarter of the previous fiscal.

As stated by the company, its net consolidated total income for Q2 FY24 reached Rs 305.05 billion, marking a growth of 9.98% compared to the Rs 277.37 billion recorded in the corresponding quarter of the preceding year.

On October 16, 2023, the board of directors of the company deliberated and sanctioned the proposal to raise funds through a Rights Issue of Equity Shares with a face value of Rs 2 each. This initiative is targeted at eligible equity shareholders, with the intention to generate an amount not surpassing Rs 40 billion.

In the course of the quarter, the company executed the transfer of 78,582 equity shares to the option grantees from the Grasim Employee Welfare Trust. This action was taken in response to applications received under the Employee Stock Option Scheme — 2018.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..