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Grasim Industries reports 79% rise in Q4 consolidated net profit

Mumbai : Grasim Industries has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 20.94% in its net profit at Rs 451.24 crore for the quarter under review as compared to Rs 373.12 crore for the same quarter in the previous year. Total income of the company increased by 15.85% at Rs 5,453.54 crore for Q4FY19 as compared Rs 4,707.53 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 79.45% in its net profit at Rs 1,531.86 crore for the quarter under review as compared to Rs 853.62 crore for the same quarter in the previous year. Total income of the company increased by 20.56% at Rs 21,174.10 crore for Q4FY19 as compared Rs 17,562.59 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 70.86% in its net profit at Rs 515.30 crore as compared to Rs 1,768.66 crore for the previous year. However, total income of the company increased by 28.02% at Rs 21,118.41 crore for year under review as compared to Rs 16,496.07 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 24.72% in its net profit at Rs 2,775.95 crore as compared to Rs 3,687.62 crore for the previous year. However, total income of the company increased by 27.43% at Rs 73,772.04 crore for year under review as compared to Rs 57,894.33 crore for year ended March 31, 2018.

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