Grasim In­dus­tries Q2 net at `799 cr

Financial Chronicle - - COMPANIES -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.