Aditya Birla Group’s flagship company, which operates in a variety of industries including cement to financial services, jumped 6% in the day’s trading after releasing its Q3FY24 results, which included a 48% increase in net profit.

Grasim Industries Limited had a market capitalization of Rs. 1,43,981 Crores. Its shares closed at Rs. 2,168, which was a 5.41% increase from the previous day’s closing price of Rs. 2,057.30.

Its revenue from operations increased by 11.61% YoY from Rs. 28,638 Crores in Q3FY23 to Rs. 31,965 Crores in Q3FY24. On a QoQ basis, their revenue jumps by  5.77% from Rs. 30,221 Crores.

However, their net profit decreased 41.57% YoY from Rs. 4,455 crores in Q3FY23 to Rs. 2,603 crores in Q3FY24. On a sequential basis,  the company’s profits increased by 28.60% from Rs.2,024 crore.

Grasim Industries Limited, a conglomerate under Aditya Birla Group, is a global producer of viscose, diversified chemicals, linen yarn, and fabrics in India. Its subsidiaries include Ultratech Cement Limited and Aditya Birla Capital Limited.

The company offers a range of products across various industries. In the viscose segment, they provide viscose staple fibre, wood pulp, and viscose filament yarn. The chemical segment includes caustic soda, allied chemicals, and epoxy. In the cement segment, they offer grey cement, white cement, and allied products. The financial services segment includes non-bank financial services, life insurance services, AMC, and more. Finally, the other segments comprise textiles, insulators, paints, solar power, and B2B e-commerce.

In Q3FY24, the company earned revenue from various operations. Viscose fibre & yarn contributed 11.62%, up 16.75% YoY. Cement contributed 51.34%, up 7.85% YoY. Chemicals contributed 6.24%, down 22.70% YoY. Financial services contributed 27.48%, up 27.66% YoY. Others contributed 3.32%, up 41.37% YoY.

Written by: Santhosh S


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