Business

Grasim Q1 net profit rises 16% to ₹1,933 crore

The company said its VSF business reported a sales volume of 1,97,000 tonnes in Q1FY23, up 76% YoY. 

The company said its VSF business reported a sales volume of 1,97,000 tonnes in Q1FY23, up 76% YoY. 

Grasim Industries Ltd. reported consolidated profit after tax for the first quarter rose 16% to ₹1,933 crore. Consolidated revenue at ₹28,042 crore increased by 41%. . The company reported its highest-ever consolidated EBITDA at ₹5,233 crore up 10% YoY.

Standalone quarterly revenue grew 93% to ₹7,253 crore while standalone profit climbed 68% to ₹809 crore.

The company said its VSF business reported a sales volume of 1,97,000 tonnes in Q1FY23, up 76% YoY. The chlor-alkali and textiles businesses reported the highest-ever quarterly EBITDA and the advanced material business reported volume growth of 35% YoY. The company on a standalone basis continues at zero net debt and during FY23 it would have a capex of ₹6,720 crore, including ₹3,542 crore for the paints business.


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Printable version | Aug 12, 2022 9:19:41 pm | https://www.thehindu.com/business/grasim-q1-net-profit-rises-16-to-1933-crore/article65762710.ece