Grasim Industries’ Q1 FY21-22 net profit rises four fold to Rs 2,447.97 crore

14th August 2021, Mumbai:

The consolidated net profit of Aditya Birla Group firm Grasim Industries jumped by around four-fold jump to Rs 2,447.97 croreduring the first quarter ended June 2021. The company had posted a net profit of Rs 616.99 crore during the April-June quarter of the previous fiscal.

The company’s revenue from operations increased by 52.72 per cent to Rs 19,919.40 crore during the quarter under review as against Rs 13,043.51 crore in the corresponding period of the previous fiscal. Its total expenses increased by 36.67 per cent toRs 16,853.28 crore, as against Rs 12,330.93 crore during the corresponding quarter last fiscal.

Grasim Industries' revenue from viscose-pulp, viscose staple fibre and filament yarn segment increased by over three-folds to Rs 2,102.76 crore in Q1/FY2021-22 as against Rs 557.68 crore a year ago.

However, sequentially the segment has witnessed a degrowth of 17.9 per cent as it was at Rs 2,583.40 crore in the January-March quarter.

Revenue from cement business UltraTech Cement increased by 54.21 per cent to Rs 11,829.82 crore as against Rs 7,671.05 crore in the corresponding quarter of the previous fiscal.

Its revenue from the chemicals segment was up over two-folds at Rs 1,436.48 crore as against Rs 701.57 crore of Q1/FY 2020-21.

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