{"id":118902,"date":"2024-02-09T17:37:13","date_gmt":"2024-02-09T12:07:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118902"},"modified":"2024-02-09T17:37:15","modified_gmt":"2024-02-09T12:07:15","slug":"textile-stock-jumps-6-after-its-net-profits-increases-by-28-in-q3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-6-after-its-net-profits-increases-by-28-in-q3\/","title":{"rendered":"Textile stock jumps 6% after its net profits increases by 28% in Q3"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3660777422\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Aditya Birla Group&#8217;s flagship company, which operates in a variety of industries including cement to financial services, jumped 6% in the day&#8217;s trading after releasing its Q3FY24 results, which included a 48% increase in net profit.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3271622359\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GRASIM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Grasim Industries Limited<\/a><\/strong> 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&#8217;s closing price of Rs. 2,057.30.<\/p><p>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&nbsp; 5.77% from Rs. 30,221 Crores.<\/p><p>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,&nbsp; the company\u2019s profits increased by 28.60% from Rs.2,024 crore.<\/p><div class=\"trade-content_5\" id=\"trade-2892441733\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>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.<\/p><p>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.<\/p><p>In Q3FY24, the company earned revenue from various operations. Viscose fibre &amp; 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.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Santhosh S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2678339503\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Aditya Birla Group&#8217;s flagship company, which operates in a variety of industries including cement to financial services, jumped 6% in the day&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7218,948,936],"class_list":["post-118902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-grasim-industries-latest-news","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile stock jumps 6% after its net profits increases by 28% in Q3 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Aditya Birla Group&#039;s flagship company, which operates in a variety of industries including cement to financial services, jumped 6% in the day&#039;s trading after releasing its Q3FY24 results, which included a 48% increase in net profit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-6-after-its-net-profits-increases-by-28-in-q3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile stock jumps 6% after its net profits increases by 28% in Q3\" \/>\n<meta property=\"og:description\" content=\"Aditya Birla Group&#039;s flagship company, which operates in a variety of industries including cement to financial services, jumped 6% in the day&#039;s trading after releasing its Q3FY24 results, which included a 48% increase in net profit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-6-after-its-net-profits-increases-by-28-in-q3\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-09T12:07:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T12:07:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-6-after-its-net-profits-increases-by-28-in-q3\/\",\"url\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-6-after-its-net-profits-increases-by-28-in-q3\/\",\"name\":\"Textile stock jumps 6% after its net profits increases by 28% in Q3 - 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