Grasim Industries Q4 profit rises 21 percent to Rs 451 crore

By

Maverick Martins

Published
May 27, 2019

Grasim Industries, a part of Aditya Birla Group, reported a net profit of Rs 1,532 crore ($220.9 million) for the fourth quarter ended March 2019 as against Rs 854 crore it had reported in the previous fiscal.
 

The company’s revenue also rose to Rs 20,965 crore from the Rs 17,363 crore it had reported in the corresponding period of the previous fiscal. The viscose segment contributed Rs 2,625 crore to the company’s overall revenue in the January-March period.
 
On the outlook, the company in a statement said that its viscose, staple fibre, and filament yarn business will continue to focus on expanding the market in India.

For the financial year 2018-19, Grasim Industries net profit was Rs 2,776 crore while its revenue from operations stood at Rs 72,971 crore.
 
The company has also appointed Ashish Adukia as its new chief financial officer (CFO) following the resignation of Sushil Agarwal. Adukia’s appointment would be effective from July 1, 2019.