Grasim Industries gains on reporting 68% rise in Q3 consolidated net profit
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Grasim Industries is currently trading at Rs. 1616.60, up by 11.50 points or 0.72% from its previous closing of Rs. 1605.10 on the BSE.
The scrip opened at Rs. 1607.95 and has touched a high and low of Rs. 1628.15 and Rs. 1605.45 respectively. So far 1142 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1839.30 on 07-Dec-2022 and a 52 week low of Rs. 1276.90 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1662.25 and Rs. 1578.90 respectively. The current market cap of the company is Rs. 105680.05 crore.
The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 29.06% and 24.31% respectively.
Grasim Industries has reported fall of 50.74% in its net profit at Rs 257.36 crore for Q3FY23 as compared to Rs 522.47 crore for the corresponding quarter previous year. However, total income of the company increased by 8.12% to Rs 6298.31 crore for the quarter under review as compared to Rs 5825.29 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 67.75% in its net profit at Rs 4454.59 crore for Q3FY23 as compared to Rs 2655.45 crore for the same quarter in the previous year. Total income of the company increased by 28.89% to Rs 31609.45 crore for the quarter under review as compared to Rs 24523.78 crore for the same quarter in the previous year.
