In the early hours of trading on November 15, shares of Grasim Industries witnessed a notable uptick of nearly 1 percent following the announcement of a robust 15 percent increase in its net profit for Q2. As of 9:15 am on the NSE, Grasim Industries was trading at Rs 1946.27.
Grasim Industries reported a consolidated net profit of Rs 1,163.75 crore for the quarter ending September 30, 2023, marking a substantial growth of 15.31 percent compared to Rs 1,009.17 crore in the corresponding quarter last year.
The company’s revenue from operations also displayed positive momentum, standing at Rs 30,220.68 crore. This reflects a notable uptick of 9.95 percent from Rs 27,485.54 crore reported in the same quarter of the previous fiscal year, as detailed in the company’s exchange notification.
Grasim’s EBITDA witnessed a commendable YoY increase of 19 percent, reaching Rs 4,509 crore. This positive performance can be attributed to the significant contributions from key subsidiaries, including UltraTech Cement and Aditya Birla Capital.
As of 12:16 pm, Grasim Industries’ shares were trading at 0.68, signaling continued positive sentiment in the market.
