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
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.
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