The Business Bytes
TBB BUREAU
NEW DELHI, FEBRUARY 14, 2022
Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 23.10 per cent jump in its consolidated net profit to Rs 2,655.45 crore for the third quarter ended on December 31, 2021.
The company had posted a net profit of Rs 2,157.12 crore during the October- December quarter of the previous financial year.
Its revenue from operations during October-December 2021 rose 6.20 per cent to Rs 2,4402.24 crore, against Rs 21,000.13 crore in the year-ago period.
Grasim Industries’ total expenses stood at Rs 21,702.61 crore in the December 2021 quarter, a rise of 8.57 per cent as against Rs 18,303.12 crore a year ago.
Its revenue from the viscose-pulp, viscose staple fibre (VSF) and filament yarn segment jumped 55.48 per cent to Rs 3,335.44 crore in Q3/FY2021-22 as against Rs 2,145.14 crore a year ago.
Revenue from its subsidiary and leading cement maker UltraTech Cement rose 5.89 per cent to Rs 12,984.93 crore in Q3FY22 quarter, compared with Rs 12,262 crore a year ago.
Its revenue from the chemicals segment jumped 82.53 per cent to Rs 2,338.21 crore, against Rs 1,280.96 crore of Q2/FY 2020-21.
Revenue from the financial services segment, Aditya Birla Capital Ltd (ABCL), jumped 11.53 per cent to Rs 5,599.93 crore as against Rs 5,020.95 crore a year ago.
