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Grasim Industries reports 18% fall in Q3 consolidated net profit

31 Jan 2013 Evaluate

Grasim Industries has reported results for third quarter ended December 31, 2012.

The company has reported 27.88% fall in its net profit at Rs 197.95 crore for the quarter as compared to Rs 274.48 crore for the same quarter in the previous year. However, total income of the company has decreased by 3.92% at Rs 1299.09 crore for quarter under review as compared to Rs 1352.12 crore for the quarter ended December 31, 2011.

On consolidated basis, the company has reported 17.92% fall in its net profit at Rs 549.17 crore for the quarter ended December 31, 2012 as compared to Rs 669.07 crore for the same quarter in the previous year.  However, total income of the company has increased by 6.77% at Rs 6945.75 crore for quarter under review as compared to Rs 6505.20 crore for the quarter ended December 31, 2011

During the last quarter, the company acquired through AV Terrace Bay Inc, Canada, 40:60 Joint Venture (JV) with Thai Rayon Public Co, Thailand, the assets of the Terrace Bay Pulp Inc, a paper grade pulp mill in Canada.

The JV has an ultimate plan to convert the mill to produce Rayon Grade Pulp, a basic raw material for production of VSF. The operations at the mill have been started in October, 2012 as planned and the company’s share of loss included in the Consolidated Results amounts to Rs 25.31 crore for the current quarter and Rs 32.90 crore for the nine months ended December 31, 2012. Hence, the results of current period are not strictly comparable with earlier periods.

Grasim Industries Share Price

2711.25 -34.55 (-1.26%)
13-Apr-2026 16:59 View Price Chart
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Company Name CMP
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