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Business News/ Companies / Grasim Q3 net rises 34.5%
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Grasim Q3 net rises 34.5%

Grasim Q3 net rises 34.5%

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Mumbai: Grasim Industries Ltd on Tuesday reported a 34.5% rise in quarterly net profit, slightly above analysts’ expectations, on the back of strong cement and viscose staple fibre sales.

Net profit rose to Rs554 crore ($140 million) in the fiscal third quarter ended 31 December from Rs412 crore in the same quarter a year earlier.

Net sales rose 15.4% to Rs26.30 billion from Rs22.80 billion.

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Published: 22 Jan 2008, 02:24 PM IST
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