Grasim Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 13, 2023 at 09:39 am EST
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Grasim Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 225,127.7 million compared to INR 206,770.5 million a year ago. Revenue was INR 305,052.7 million compared to INR 277,375.8 million a year ago. Net income was INR 11,637.5 million compared to INR 10,091.7 million a year ago. Basic earnings per share from continuing operations was INR 17.73 compared to INR 15.37 a year ago. Diluted earnings per share from continuing operations was INR 17.71 compared to INR 15.35 a year ago.
For the six months, sales was INR 465,477.5 million compared to INR 431,387.4 million a year ago. Revenue was INR 618,662.5 million compared to INR 559,471.9 million a year ago. Net income was INR 27,402.2 million compared to INR 29,425.6 million a year ago. Basic earnings per share from continuing operations was INR 41.73 compared to INR 44.8 a year ago. Diluted earnings per share from continuing operations was INR 41.69 compared to INR 44.76 a year ago.
Grasim Industries Limited is an India-based global producer of viscose, diversified chemicals, linen yarn, and fabrics producer in India. The Companyâs segments include Viscose, Chemicals, Cement, Financial Services, and Others. The Viscose segment includes viscose staple fiber, wood pulp and viscose filament yarn. The Chemicals segment includes caustic soda, allied chemicals, and epoxy. The Cement segment includes grey cement, white cement, and allied products. The Financial Services segment includes non-bank financial services, life insurance services, asset management (AMC), housing finance, equity broking, wealth management, general insurance advisory and health insurance. The Others segment includes textiles, insulators, paints, solar power, and business-to-business e-commerce. Through its subsidiaries, UltraTech Cement Limited and Aditya Birla Capital Limited, the Company is also a cement producer and a diversified financial services company. Navyasa is its saree brand.
GRASIM INDUSTRIES LIMITED 