14 November 2023, Mumbai
As per latest ETRetail report l
Grasim Industries, reported a robust quarter, with consolidated net profit rising 15% to Rs 1,164 crore in the Q2 FY24. This was greater than the Rs 1,009 crore V/s corresponding period of the yester year.
Operational leverage
The company’s revenue from operations also increased by 10% to Rs 30,221 crore in the reporting quarter, compared to Rs 27,486 crore in the year-ago quarter.
The growth enablers were solid performance across all segments, with cement, viscose staple fibre, and financial services businesses all reporting healthy growth.
Grasim Industries is in a good place for durable growth in the following quarters. The company has a solid order book for cement and is expanding its viscose staple fibre capacity. The financial services business is also anticipated to gain from the favourable economic environment.
