Page 4 - Grasim Industries

Grasim Industries posts Q3 net at Rs 1,144 cr, revenue rises to Rs 9,389 cr

Grasim Industries' consolidated sales volume registered an increase of 15% on YoY basis to 19.4 million tonne per annum

Grasim Industries plans to foray into menswear segment with liva fibre

Birla Cellulose has recently unveiled a new eco-friendly variant called Liva fabric i.e. Livaeco

Grasim Industries Q1 profit at Rs 13.99 bn; total income rises to Rs 170 bn

The company said its "current quarter results are not comparable with that of the corresponding quarter of the previous year"

Grasim Industries gets green nod for Rs18 bn expansion project in Gujarat

The company plans to raise the production capacity of VSF from 1,27,750 tonne per annum (TPA) to 2,33,600 TPA

Grasim: Healthy prospects of financial services, cement arms will help

Analysts expect realisations to remain largely stable, given its monopoly in the VSF segment and focus on value-added products

Grasim trades lower after spin-off from fin services

Grasim was to issue three shares for every 10 shares of Aditya Birla Nuvo held by investors

Grasim Industries trades ex-date to spin off its financial business

The stock dipped 7% to Rs 1,013 from its opening level of Rs 1,091 on BSE in intra-day trade

Grasim Industries divests stake in its Bhiwani Textiles to Donear Group

Grasim Inds has entered into a share transfer agreement with Donear group of Mumbai

Grasim Industries posts Q4 net profit at Rs 1,063 cr

For the entire fiscal, the company reported a consolidated net profit at Rs 4,245.61 crore

Grasim Ind gets nod to raise FDI limit to 49%

The existing limit was 30%

Grasim's 'Holding company' discount may widen

Grasim Industries has gained spotlight as the shareholders cleared the amalgamation of Aditya Birla Nuvo (ABNL) with the company. With a nod from shareholders on the demerger and thereafter separate listing of the financial services business, ABNL's merger with Grasim is not far. However, if analysts are to be believed, the street may assign a higher holding company discount to the combined entity, thereby capping further gains. When companies own equity stake in businesses or when they own diverse businesses (directly or indirectly), the market tends to value such companies at a discount to the total value of the businesses.Grasim has been a textiles, chemicals and cement play up till now. However, with cement represented by its over 60 per cent stake in UltraTech, Grasim has remained its holding company. It has thus been valued by the market after assigning a 30-40 per cent discount to the actual value of cement business. With the merger of ABNL, Grasim will get exposure to ...

Grasim Industries gains after inclusion in MSCI India index

The stock rallied 5% to Rs 1,024 on the BSE in intra-day trade.

Grasim Industries Q3 net up 14% to Rs 728 cr

Aditya Birla Group firm Grasim Industries Ltd today posted an increase of 13.69 per cent in its consolidated net profit at Rs 728.19 crore for the third quarter ended December. Net profit stood at Rs 640.47 crore in October-December a year ago, Grasim Industries said in a filing to BSE. Its consolidated total income from operations was up marginally by 0.84 per cent at Rs 9,577.02 crore during the quarter under review as against Rs 9,496.84 crore in the same period last fiscal. "Grasim has reported improved profitability for the quarter ended December 31, 2016... Ebitda at Rs 1,878 crore was up by 7 per cent driven by the performance from VSF and cement businesses," the company said in a statement. Grasim Industries' total expenses came down marginally by 0.15 per cent to Rs 8,315.27 crore as against Rs 8,327.81 crore. Its revenue from viscose staple fiber division was up 9.83 per cent at Rs 1,902.92 crore as against Rs 1,732.51 crore. Its cement revenue was down 1.50 per cen

Grasim Industries trades ex-stock split; rises 2%

The stock turned ex-stock split in the ratio of 5:1 i.e. sub-division of equity share from Rs 10 to Rs 2 each

Grasim Industries, Biocon, Yes Bank, Zee Entertainment hit 52-week highs

Atul, Store One Retail and DCM Shriram are among others hit 52-week highs in intra-day trade.