The Indian textile manufacturing company Grasim Industries lead by Aditya Birla Group published their quarterly financial report with a net consolidated profit of Rs. 1116.07 crores, posting a 25.3% higher profit as compared to the same quarter period of last year’s profit of Rs. 890.45 crores.
The company’s standalone revenue during the quarter under review stood at Rs. 4789 crores, posting a 75% as compared to Rs. 2740 crores with a net standalone profit of Rs. 642.55 crores, resulting in an 85% rise against the profit of Rs. 347.19 crores in the previous year June-end quarter.
The company’s total consolidated revenue witnessed a surge of 52.2% to Rs. 17,089 crores as compared to Rs. 11,222 crores earned during the June-end quarter of previous year. Although the company said in the regulatory filing that, “current quarter results are not comparable with that of the corresponding quarter of the previous year” as the previous quarter result does not include results of erstwhile Aditya Birla Nuvo Limited as it merged on 1st July 2017.
The company’s total expenses stood at Rs. 15,051.42 crores during the quarter under review. Grasim Industries Net consolidated Profit After Tax (PAT) prior to minority interest deduction stood at Rs. 1357.89 crores. Grasim Industries revenue from viscose business stood at Rs. 2480 crores. Its revenue from its cement segment under the brand name Ultratech accumulated to Rs. 8655 crores.