Grasim Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 09:28 am EST
Share
Grasim Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 319,654.8 million compared to INR 286,378.6 million a year ago. Revenue was INR 322,219.7 million compared to INR 316,094.5 million a year ago. Net income was INR 15,144.4 million compared to INR 25,157.8 million a year ago. Basic earnings per share from continuing operations was INR 23.08 compared to INR 38.33 a year ago. Diluted earnings per share from continuing operations was INR 23.05 compared to INR 38.27 a year ago.
For the nine months, sales was INR 932,513.5 million compared to INR 841,649.4 million a year ago. Revenue was INR 940,882.2 million compared to INR 875,566.4 million a year ago. Net income was INR 42,546.7 million compared to INR 54,583.4 million a year ago. Basic earnings per share from continuing operations was INR 64.82 compared to INR 83.12 a year ago. Diluted earnings per share from continuing operations was INR 64.76 compared to INR 82.99 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 
