Grasim Industries Q2 net at `799 cr
ADITYA Birla Group firm Grasim Industries Ltd on Tuesday reported a consolidated net profit at Rs 799.03 crore for the September quarter.
The company had posted a net profit of Rs 1,089.63 crore during the same period previous fiscal, Grasim Industries said in a stock exchange filing.
The company said the results for the period are not comparable as it include the financials of Aditya Birla Nuvo Ltd (ABNL) and its subsidiaries post its merger with effect from July 1, 2017.
The results also include the cement plants acquired by Ultratech Cement from Jaiprakash Associates and Jaypee Cement Corporation.
Total consolidated income during the quarter stood at Rs 13,935.18 crore. It was Rs 9,668.54 crore in the July- September quarter of 2016-17.
The company said its Ebitda was up by 34 per cent at Rs 2,805 crore compared to Rs 2,098 crore in Q2 last fiscal.
Total expenses during the period were Rs 12,354.92 crore against Rs 8,186.11 crore in the year ago quarter.