Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 13.3 per cent rise in its consolidated net profit to Rs 2,616.64 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 2,309.41 crore during the January-March quarter of the previous financial year, Grasim Industries said in a regulatory filing. Its revenue from operations during January-March 2021 jumped 26.1 per cent to Rs 24,398.92 crore, compared with Rs 19,349.54 crore in the year-ago period. There was a strong operational and financial performance by all the businesses in Q4FY21 , said Grasim Industries in a post-earning statement. However, it also added, While the signs of economic recovery picking up momentum was visible during the fourth quarter of 2020-21, the impact of the second wave of COVID-19 on the economic activity needs to be assessed.
On a consolidated basis, Grasim Industries net profit jumped 14% to Rs 1,715 crore on 26% increase in revenue from operations to Rs 24,398.92 crore in Q4 March 2021 over Q4 March 2020.
Last year, the PAT (after extraordinary items) included reversal of deferred tax liability. Exceptional items during the quarter stood at Rs 62.08 crore as compared to Rs 1,286.52 crore in Q4 FY20.
Profit before tax jumped 133% to Rs 3,726 crore in Q4 FY21 over Q4 FY20. EBITDA grew 62% to Rs 5,142 crore in Q4 FY21 over Q4 FY20.
During the financial year, the company s consolidated net profit fell 2.42% to Rs 4,304.82 crore on 1.67% rise in revenue from operations to Rs 76,397.81 crore in FY 2021 over FY 2020.
New India Assurance Company Ltd, Relaxo Footwears Ltd, Tata Coffee Ltd and ADF Foods Ltd are among the other gainers in the BSE s A group today, 19 May 2021.
New India Assurance Company Ltd, Relaxo Footwears Ltd, Tata Coffee Ltd and ADF Foods Ltd are among the other gainers in the BSE s A group today, 19 May 2021.
Take Solutions Ltd surged 15.06% to Rs 70.3 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 14.73 lakh shares were traded on the counter so far as against the average daily volumes of 3.28 lakh shares in the past one month.
New India Assurance Company Ltd soared 8.87% to Rs 166.3. The stock was the second biggest gainer in A group. On the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 66113 shares in the past one month.
Read more about Barometers hover near day s high; breadth remains strong on Business Standard. The benchmark indices hit intraday high in early afternoon trade. At 12:20 IST, the barometer index, the S&P BSE Sensex, surged 633.05 points or 1.30% at 49,365.60. The Nifty 50 index jumped 173.50 points or 1.18% at 14,851.30.