Grasim Industries Q1 Result: Net Profit Declines Even As Revenue Rises
Net Profit fell 12% year-on-year to Rs 2,268 crore in the April-June quarter.
Grasim Industries Ltd.'s net profit fell in the first quarter of fiscal 2025.
Net Profit fell 12% year-on-year to Rs 2,268 crore in the April-June quarter, compared to Rs 2,576 crore in the same period last year.
However, the company's revenue rose 9% YoY to Rs 33,861 crore from Rs 31,065 crore in the same quarter last year, driven by strong performance from its diversified businesses portfolio.
Grasim Industries Q1 FY25 Results (Consolidated, YoY)
Revenue up 9% at Rs 33,861 crore versus Rs 31,065 crore.
Ebitda up 5.5% at Rs 6,704 crore versus Rs 6,357 crore.
Margin at 19.8% vs 20.5%.
Net profit down 12% at Rs 2,268 crore versus Rs 2,576 crore.
Segment Performance
Cement: Revenue up from Rs 3,584 crore to Rs 3,787 crore. Grasim added 8.7 million tonnes per annum, taking total grey cement capacity to 154.9 million tonnes per annum.
Building Material: Revenue up from Rs 17,867 crore to Rs 18,701 crore.
Financial Services: Revenue up from Rs 7,030 crore to Rs 8,807 crore. The total lending portfolio increased by 27% to cross Rs 1.25 lakh crore.
Cellulosic Staple Fibre: Revenue up from Rs 3,584 crore to Rs 3,787 crore. It achieved highest ever quarterly sales volumes at 212 kilo tonne, with specialty share at 22%.
Chemicals: Revenue down from Rs 2,146 crore to Rs 2,066 crore. Speciality chemicals revenue contribution improved to 30% and chlorine integration at highest levels of 65%.
Capital expenditure for the June quarter stood at Rs 983 crore. The budgeted standalone capex for the whole fiscal year is Rs 4,553 crore of which Rs 3,000 crore is towards new growth businesses, the company said.
