Grasim Industries reported a 65% drop in net profit to Rs 130 crore for the fourth quarter. While net sales rose 11%, the decrease in net profit caused net profit margin to fall from 26.67% to 8.41%. Equity capital increased slightly by 0.05% and earnings per share declined from Rs 40.57 to Rs 14.18 over the same period last year. The company's stock price closed up 0.62% on the BSE.

1. Grasim Inds Q4 Net slumps 65% to Rs 130 crore
Grasim IndustriesLtd | Quarterly Result ason 31-Mar-2014 | 03-May-2014
For the period, the Grasim Industries Ltd reported Net Sales of Rs 15488.50 million and Net Profit of Rs 1302.60 million. While Net Sales
rose by10.93%, Net Profit came down by65.02% and therebyNPMreduced to 8.41% as compared to 26.67% during same period previous
FY. Equity Capital for the period under consideration has increased by 0.05% and stands at Rs 918.40 million. EPS as on 31-Mar-2014
stands at Rs 14.18 viz-a-vizRs 40.57 as on 31-Mar-2013.
The stock of the Grasim Industries Ltd at BSE opened at 2611.00 touched a high 2666.30 and low 2600.00 before closing at 2641.30 gaining
0.62%over previous close. The trading volume for the stock at BSEstood at 4834 shares and at NSEstood at 65455 shares.
BSE NSE
The S&PBSESensexclosed todayat 22445.12 (0.18%gain) and CNXNiftyclosed at 6699.35 (0.07%gain).
View Detailed Result
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.