Grasim Industries reports 40% fall in Q3 consolidated net profit

01 Feb 2014

Grasim Industries has reported results for third quarter ended December 31, 2013.

The company has reported 36.30% fall in its net profit at Rs 126.09 crore for the quarter as compared to Rs 197.95 crore for the same quarter in the previous year. However, total income from operations of the company has increased by 14.81% at Rs 1504.98 crore for quarter under review as compared to Rs 1310.81 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 39.56% fall in its net profit after taxes, Minority Interest and Share of Profit of Associates  at Rs 331.93 crore for the quarter ended December 31, 2013 as compared to Rs 549.17 crore for the same quarter in the previous year. However, total income from operations of the group has increased by 3.86% at Rs 7226.18 crore for quarter under review as compared to Rs 6957.46 crore for the quarter ended December 31, 2012.

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

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