Grasim Industries reports 28% rise in Q1 consolidated net profit

Grasim Industries has reported results for first quarter ended June 30, 2019.

The company has reported a fall of 68.61% in its net profit at Rs 201.70 crore for the quarter under review as compared to Rs 642.55 crore for the same quarter in the previous year. However, total income of the company increased by 4.07% at Rs 5,085.26 crore for Q1FY20 as compared Rs 4,886.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 27.64% in its net profit at Rs 1,786.37 crore for the quarter under review as compared to Rs 1,399.51 crore for the same quarter in the previous year. Total income of the company increased by 12.72% at Rs 19,091.85 crore for Q1FY20 as compared Rs 16,937.33 crore for the corresponding quarter previous year.