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Grasim Industries reports 8% fall in Q2 consolidated net profit

29 Oct 2014

Grasim Industries has reported results for second quarter ended September 30, 2014.

The company has registered 27.59% fall in its net profit at Rs 299.41 crore for the quarter under review as compared to Rs 413.51 crore for the same quarter in the previous year. However, total income of the company has increased 11.34% at Rs 1811.23 crore for Q2FY15 as compared Rs 1626.79 crore for the corresponding quarter previous year.

On consolidated basis, the company’s net profit for the quarter under review declined 7.54% at Rs 416.38 crore against Rs 450.33 crore in the September quarter of previous fiscal. However, the company’s total income has increased by 15.64% at Rs 8047.91 crore for the quarter from Rs 6959.18 crore in the similar quarter of previous year.

The merger of Gujarat Cement Units of Jaypee Cement Corporation (JCCL) with UltraTech Cement (UltraTech), a subsidiary of the company, has become effective from June 12, 2014 and accordingly the financial results of the acquired units have been included with the UltraTech’s financial results with effect from June 12, 2014. As a result, figures for the quarter and six months ended 30th September, 2014 are strictly not comparable with previous periods.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323