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Grasim Q4 net up 57% at Rs881 cr

Grasim Q4 net up 57% at Rs881 cr
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First Published: Tue, Apr 29 2008. 04 26 PM IST
Updated: Tue, Apr 29 2008. 04 26 PM IST
PTI
Mumbai: Grasim Industries, the flagship company of Aditya Birla Group has announced a consolidated net profit of Rs880.77 crore for the fourth quarter ended March 2008, a growth of 57.73% over the corresponding period a year-ago.
The company had a net profit of Rs558.42 crore in the fourth quarter ended March 2007, Grasim said in a filing to the Bombay Stock Exchange.
The consolidated total income rose to Rs4,832.02 crore in the latest quarter, compared to Rs4,167.69 crore in the year-ago period.
For the full year ended March 2008, the company announced a consolidated net profit of Rs2,891.44 crore, a 46.97% growth over the corresponding period a year-ago.
The total income rose to Rs17,436.19 crore for the year under review from Rs14,387.18 crore in the previous corresponding period.
Further, the board of directors has declared a dividend of Rs 30, on every share of face value of Rs10 each held.
On a standalone basis, the company earned a net profit of Rs667.37 crore for the fourth quarter ended March 2008, a 40.65% growth over the corresponding period a year ago.
The total income rose to Rs2,861.09 crore in the latest quarter from Rs2,552.18 crore previous year. Shares of the company closed at Rs2,472.30, down 6.16% on the BSE.
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First Published: Tue, Apr 29 2008. 04 26 PM IST