Page 3 - Grasim Industries

Top firms exit fertiliser biz on delayed subsidy payouts, falling margins

Birla's sale of fertiliser arm comes within two years of Tata's exit from sector

Grasim Industries to sell fertiliser biz to Indorama Corp for Rs 2,649 cr

It's a slump sale and a major value-unlocking exercise for Grasim, allowing it to pursue growth opportunities in its core businesses

Grasim Industries Q2 net profit increased 3.30% at Rs 1,521.40 crore

Aditya Birla Group firm GrasimIndustries Ltd on Thursday reported a 3.30 per cent increase in consolidated net profit at Rs 1,521.40 crore for the second quarter ended September 2020.

Grasim's small shareholders may not be keen to invest more in Vodafone Idea

This set owns 60% stake in the company and has seen zero returns on investments in the telecom firm

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Nifty strategy by Anand Rathi: Buy on dips with stop-loss at 11,450

Banknifty has also started joining the market rally

Weekly trading ideas by Religare Broking: Buy Grasim Industries, Biocon

Grasim is witnessing a breakout from the range where it has spent the last two months

Grasim approves Rs 1,615-cr capex plans for FY21 to tackle Covid-19 crisis

In its earnings statement, the company specifies cost rationalisation, demand creation, working capital management and innovation, among others, as key focus areas

Grasim Industries Q1 net profit down 66.6% to Rs 621 cr, revenue down 32.2%

Its revenue from operations declined 32.24 per cent during the quarter under review to Rs 13,621.10 crore as against Rs 20,103.04 crore in the corresponding period of previous fiscal

Grasim Q4 consolidated PAT up 32 pc at Rs 1,506 crore

Mumbai (Maharashtra) [India], June 13 (ANI): Aditya Birla-led Grasim Industries on Saturday reported a consolidated profit after tax of Rs 1,506 crore in the fourth quarter ended March (Q4 FY20), marking a growth of 32 per cent from Rs 1,144 crore in Q4 FY19.

Grasim Industries consolidated PAT for Mar quarter up 32 pc to Rs 1,506 cr

On a standalone basis, the revenue and EBITDA for FY20 declined on account of general economic slowdown and start of the lockdown in major economies of the world

Birlas infuse Rs 1,100 cr in Essel Mining to pare debt of group firm IGH

The proceeds were used to on-lend to IGH and prune its borrowings by 40% by March 2020

Hit by Covid-19 lockdown, Grasim puts capital expenditure for FY21 on hold

Top company executives said the firm had earlier planned to invest about Rs 3,880 crore in the present financial year.

Grasim Q3 net profit down 9.4% to Rs 1,039.91 cr over drop in VSF prices

The company had posted a net profit of Rs 1,147.80 crore during the October-December quarter of the previous fiscal, Grasim Industries said in a regulatory filing

Grasim Industries Q2 net jumps to Rs 1,473 cr on good show by subsidiaries

Grasim Industries had reported a net loss of Rs 1,319.79 crore in the September quarter a year ago

Derivatives strategy on Grasim Industries by HDFC Securities

Derivative call by Nandish Shah, Technical Analyst, HDFC securities

Two stocks that Sacchitanand Uttekar of Tradebulls Securities is bullish on

Nifty outlook and top trading ideas by Sacchitanand Uttekar, DVP - Technical (Equity)

Grasim Industries plans to invest additional Rs 6,400 crore to add capacity

The additional capacity will be commissioned at Vilayat plant in Gujarat in two years

I-T dept slaps Rs 5,872-crore tax demand notice on Grasim Industries

Grasim said the order was not tenable in law and the company was taking necessary action against the order

Aditya Birla Group's Grasim Industries to buy Soktas India for Rs 165 crore

Currently, SIPL is a wholly-owned subsidiary of SOKTAS Tekstil Sanayi ve Ticaret A.S, world producer and marketer of fabrics, with its main facilities in Soke, Turkey