Grasim Industries announced a sharp rise in consolidated net profit for the quarter ended September 2016. During the quarter, the profit of the company rose 50.40% to Rs 8,459.60 million from Rs 5,624.80 million in the same quarter last year.
Revenues for the quarter rose marginally 2.74% to Rs 93,564.20 million, compared with Rs 91,070 million for the prior year period.
Operating margin for the quarter stood at 19.09 percent as compared to 15.59 percent for the previous year period. Operating Income for the quarter was Rs 17,859.80 million, compared with Rs 14200.2 million in the previous year period.
Earnings per share for the quarter stood at Rs 18.10, registering 50.33% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 16 | Sep - 15 | %Change |
| Revenues | 93,564.20 | 91,070.20 | 2.74 |
| Net Profit | 8,459.60 | 5,624.80 | 50.40 |
| Diluted EPS | 18.10 | 12.04 | 50.33 |
Shares of the company gained Rs 13.8, or 1.44%, to trade at Rs 971.00. The total volume of shares traded was 116,312 at the BSE (1.51 p.m., Friday).
