Grasim Q4 results: Standalone PAT declines by 91% YoY; to pay ₹10 dividend per share; details here2 min read 26 May 2023, 03:04 PM IST
Grasim's Q4 standalone PAT declined sharply owing to softening of realisations in the chemicals business compared to the elevated levels of Q4 last year and continued global weakness in the VSF business. Revenue was in line with expectations.
Grasim missed Street's expectations in terms of profitability and EBITDA in the fourth quarter of FY23, however, revenue was in line. Q4FY23 PAT stood at ₹93.51 crore, on a standalone basis, declining by a huge 91.24% from ₹1,068.03 crore in Q4 of the previous fiscal. On the other hand, revenue saw a 4.22% growth to ₹6,645.83 crore in the quarter under review, as against ₹6,376.39 crore in Q4FY22.
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