20 Jul 2019 | 1:09 AM


Grasim Inds. Q4 net profit up 20.94% at Rs 451.24 cr
  Grasim Industries Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-24-2019
The company reported standalone net profit of Rs 451.24 crore for the quarter ended March 31 2019 as compared to Rs 373.12 crore in the same period last year registering a year-on-year growth of 20.94 per cent.

Net revenue of the company rose moderately by 16.21 per cent at Rs 5352.27 crore in January-March quarter of this fiscal as against Rs 4605.55 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 18.42 per cent to Rs 4453.70 crore from Rs 3760.90 crore in year ago period.

Other Income dipped by 0.70 per cent at Rs 101.27 crore versus (Mar`18 Rs 101.98 crore).

Operating Profit surged by 6.38 per cent to Rs 898.57 crore as against Rs 844.65 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 8.45 per cent in March quarter.

Interest declined by 3.73 per cent y-o-y to Rs 46.75 crore while Taxation increased by 81.57 per cent at Rs 219.76 crore (Mar`18 Rs 121.03 crore).