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Grasim net doubles on higher realisation February 12, 2021 Grasim Industries viscose staple fibre facility at Nagda.× Viscose Staple Fibre sales were up 3% at 1,42,000 tonnes Grasim Industries, an Aditya Birla Group company, has reported that its consolidated net profit more than doubled in the December quarter to ₹2,152 crore against ₹1,040 crore logged in the same period last year. Revenue was up 13 per cent at ₹20,986 crore (₹18,617 crore). On a standalone basis, net profit zoomed to ₹359 crore (₹185 crore) even as the sales were down five per cent at ₹3,672 crore (₹3,858 crore). Spike in VSF business Viscose Staple Fibre (VSF) sales were up 3 per cent at 1,42,000 tonnes (1,38,000 tonnes) and viscose fibre yarn sales were flat at 10 million tonnes. Revenue from VSF business was down two per cent at ₹2,145 core (₹2,194 crore). EBITDA was up 86 per cent to ₹482 crore (₹256 crore). ....