Retail collections rose 30% to Rs 700 crore, while rental income from retail grew 33% to Rs 447 crore. Operating profit in retail business increased 27% to over Rs 435 crore. The company’s malls are operating at life-time high leased occupancy and trading levels.
The company had posted a net profit of Rs 4,454.59 crore during the October-December quarter a year ago, Grasim Industries said in a regulatory filing.
In 2023, the large-cap funds have drawn the maximum investment with total AUMs (assets under management) amounting to Rs 2,76,639 crore, as per AMFI data.