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Grasim reports twofold increase in Q3 consolidated profit

  

Aditya Birla Group firm Grasim Industries reported over a twofold jump in its consolidated net profit to Rs 2,152.33 crore for the third quarter ended December 31.

The company had posted a net profit of Rs 1,039.82 crore during the corresponding quarter of the previous fiscal, Grasim Industries said in a regulatory filing.

Its revenue from operations during October-December 2020 rose 12.72 per cent to Rs 20,986.35 crore, against Rs 18,616.76 crore in the year-ago period.

The firm's total expenses were at Rs 18,278.75 crore in the third quarter of 2020-21, up 4.81 per cent as against Rs 1,7439.19 crore a year ago.

Revenue of Grasim Industries from viscose-pulp, viscose staple fibre (VSF) and filament yarn segments was down 2.20 per cent to Rs 2,145.14 crore, against Rs 2,193.55 crore.

Grasim Industries is an Indian manufacturing company based in Mumbai, Maharashtra. Grasim Industries was ranked 154th in a list of the world's best regarded firms compiled by Forbes. It was started in 1947 as a textile manufacturer. Since then Grasim has diversified into Viscose Staple Fiber, cement, sponge iron, chemicals and Diversified Financial Services.

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