Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Company-results/  Grasim Industries reports Q4 net profit of 1,063 crore
BackBack

Grasim Industries reports Q4 net profit of ₹1,063 crore

Grasim Industries had posted a net profit of ₹1,055.26 crore during the March quarter of the previous fiscal

Grasim Industries revenue from operations during the quarter under review stood at Rs 11,140 crore as against Rs 10,566.36 crore in the year ago period.Premium
Grasim Industries revenue from operations during the quarter under review stood at Rs 11,140 crore as against Rs 10,566.36 crore in the year ago period.

New Delhi: Aditya Birla Group firm Grasim Industries on Friday reported a marginal increase in consolidated net profit at 1,063.62 crore for the fourth quarter ended 31 March.

The company had posted a net profit of 1,055.26 crore during the same period of the previous fiscal, Grasim Industries said in a BSE filing.

The revenue from operations during the quarter under review stood at 11,140.21 crore as against 10,566.36 crore in the year ago period.

“On the completion of the merger of Aditya Birla Nuvo with Grasim, the company is poised to enter into a new era of growth, given its leadership position in all its businesses post merger," Grasim Industries said in a statement.

For the entire fiscal, the company reported a consolidated net profit at 4,245.61 crore compared to 3,454.74 crore in the 2015-16 fiscal.

Revenue for the fiscal stood at 41,194.95 crore. It was 39,196.61 crore in the previous fiscal. The company’s board has recommended a dividend of 5.50 per share for the financial year 2016-17.

On the outlook, the company said: “In cement, the demand is expected to grow, driven by the government’s focus on infrastructure development, affordable housing etc".

Shares of Grasim Industries on Friday closed 0.67% lower at 1,121.30 apiece on BSE.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 19 May 2017, 04:50 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie