Grasim Industries declines on reporting 8% fall in Q2 consolidated net profit

29 Oct 2014

Grasim Industries is currently trading at Rs 3433.25, up by 53.35 points or 1.58% from its previous closing of Rs. 3379.90 on the BSE.

The scrip opened at Rs. 3396.00 and has touched a high and low of Rs 3449.00 and Rs 3335.00 respectively. So far 38445 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 3755.00 on 09-Jun-2014 and a 52 week low of Rs 2431.70 on 20-Feb-2014.

Last one week high and low of the scrip stood at Rs 3440.00 and Rs 3324.00 respectively. The current market cap of the company is Rs 31301.14 crore.

The promoters holding in the company stood at 25.51% while Institutions and Non-Institutions held 39.22% and 21.08% respectively.

Grasim Industries has registered 27.59% fall in its net profit at Rs 299.41 crore for second quarter ended September 30, 2014 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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Grasim Industries Share Price

769.20 13.95 (1.85%) Nov 18, 18:01
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Company Name CMP
Grasim Industries 769.20
Century Textile &Ind 448.15
DCM Shriram 324.70
Birla Corporation 649.70
SRF 3205.75
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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