Grasim Industries , an Aditya Birla Group company, has reported 52 per cent increase in September quarter net profit at ₹1,498 crore against ₹983 crore logged in the same period last year, largely due to better margin in cement and chemical business.

Revenue from operations was up 17 per cent at ₹39,900 crore (₹34,223 crore). EBITDA increased 29 per cent to ₹5,217 crore (₹4,056 crore) led by higher profitability in the cement and chemical businesses.

With commencement of Kharagpur paint plant in October, the total capacity has touched 1,332 million litres per annum. This marks an industry capacity share of 24 per cent, the second largest in the decorative paints market. The company has invested ₹9,727 crore in paints business and incurred a capex of ₹461 crore in September quarter.

The

See Full Page