Grasim Industries Limited

Aditya Birla Group's Grasim Industries Posts Good Q2 Results

Grasim Industries Limited, a group firm of the Aditya Birla Group posted its Q2 results. Grasim Industries is involved in the manufacture of Viscose Staple Fibre (VSF), which is used in garments, cement, and chemicals. Grasim's cement subsidiary is UltraTech Cement.

GIL reported a net profit of Rs.488.50 crore, as against Rs.416.38 crore for the corresponding period a year ago, an increase of 17 %.
GIL reported a consolidated income of Rs.8,392.90 crore, as against Rs.7,943.05 crore for the corresponding period a year ago, an increase of 6 %.
GIL reported a consolidated Ebitda (earnings before interest, tax, depreciation and amortization) of Rs.1,485 crore, as against Rs.1,277 crore for the corresponding period a year ago, an increase of 16 %.
GIL reported a stand-alone net profit of Rs.338.24 crore, as against Rs.299.41 crore for the corresponding period a year ago, an increase of 13 %.

Grasim's cement subsidiary UltraTech Cement reported a 4 % growth in cement revenues and cement sales volume was also higher at 11.4 MT against 10.9 MT last year. With the commissioning of cement grinding units of 1.6 MTPA each in the states of Haryana and West Bengal, the company's cement capacity now stands at a massive 67.7 MTPA.