Grasim Industries reports 17% fall in Q4 consolidated net profit

03 May 2014

Grasim Industries has reported results for fourth quarter and year ended March 31, 2014.

The company has posted a fall of 65.02% in its net profit at Rs 130.26 crore for the quarter ended March 31, 2014 as compared to Rs 372.37 crore for the same quarter in the previous year.  However, total income of the company has increased by 7.85% at Rs 1611.82 crore for quarter under review as compared to Rs 1494.56 crore for the quarter ended March 31, 2013.

On consolidated basis, the company has reported 16.92% fall in its net profit at Rs 679.27  crore for the quarter ended March 31, 2014 as compared to Rs 817.64 crore for the same quarter in the previous year. However, total income of the group has soared by 8.45% at Rs 8547.02 crore for quarter under review as compared to Rs 7881.21 crore for the quarter ended March 31, 2013.

For the year ended March 31, 2014, the company has posted a fall of 26.92% in its net profit after tax at Rs 895.99 crore as compared to Rs 1225.99 crore for the same period in the previous year. However, Total income of company has surged by 5.25% at Rs 5988.29 crore for year under review as compared to Rs 5689.58 crore for the period ended March 31, 2013.

For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 23.40% in its net profit at Rs 2071.54 crore as compared to Rs 2704.39 crore in FY13. However, total income of group has increased by 4.81% at Rs 29900.63 crore for year under review as compared to Rs 28528.85 crore for the period ended March 31, 2013.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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