Grasim Q2 consolidated net profit up 50% to Rs 846 crore
Total sales for the quarter grew 17.7 per cent to Rs 2,721 crore, which was higher than the ETNow poll estimate of Rs 2,547 crore.
By ETMarkets.com | Updated:
NEW DELHI: Grasim Industries reported 50.4 per cent year-on-year (YoY) jump in net profit at Rs 845.96 crore for the quarter ended September 30. The group had posted net profit of Rs 562.48 crore for the corresponding quarter of last financial year.
Total income increased from Rs 9,312.93 crore for the quarter ended September 30, 2015 to Rs 9,668.55 crore for the quarter ended September 30, 2016.
On a standalone basis, Grasim reported 55 per cent YoY growth in net profit at Rs 592 crore, which was higher than a Rs 506 crore estimate that analysts had made in an ETNow poll.
Total sales for the quarter grew 17.7 per cent to Rs 2,721 crore, which was higher than the ETNow poll estimate of Rs 2,547 crore.
Total income increased from Rs 9,312.93 crore for the quarter ended September 30, 2015 to Rs 9,668.55 crore for the quarter ended September 30, 2016.
On a standalone basis, Grasim reported 55 per cent YoY growth in net profit at Rs 592 crore, which was higher than a Rs 506 crore estimate that analysts had made in an ETNow poll.
Total sales for the quarter grew 17.7 per cent to Rs 2,721 crore, which was higher than the ETNow poll estimate of Rs 2,547 crore.
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