Grasim Industries Ltd.
12.35 (0.44%) Grasim Industries reports 7% fall in Q1 consolidated net profit
Date: 10-08-2023Grasim Industries has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 56.06% fall in its net profit at Rs 355.27 crore for the quarter under review as compared to Rs 808.56 crore for the same quarter in the previous year. Total income of the company decreased by 12.93% at Rs 6,353.41 crore for Q1FY24 as compared Rs 7,296.74 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 6.61% fall in net profit at Rs 2,576.35 crore for the first quarter ended June 30, 2023 as compared to Rs 2,758.75 crore for the same quarter in the previous year. However, total income of the company increased by 11.17% at Rs 31,360.98 crore for Q1FY24 as compared Rs 28,209.61 crore for the corresponding quarter previous year.