Grasim Industries shines on reporting 13% rise in Q1 consolidated net profit
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Grasim Industries is currently trading at Rs. 1633.00, up by 33.15 points or 2.07% from its previous closing of Rs. 1599.85 on the BSE.
The scrip opened at Rs. 1617.95 and has touched a high and low of Rs. 1653.75 and Rs. 1591.00 respectively. So far 54259 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1939.00 on 18-Jan-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. 1653.75 and Rs. 1585.50 respectively. The current market cap of the company is Rs. 107565.45 crore.
The promoters holding in the company stood at 42.76%, while Institutions and Non-Institutions held 26.84% and 26.52% respectively.
Grasim Industries has reported results for first quarter ended June 30, 2022.
The company has reported a rise of 67.89% in its net profit at Rs 808.56 crore for the quarter under review as compared to Rs 481.59 crore for the same quarter in the previous year. Total income of the company increased by 90.63% at Rs 7,296.74 crore for Q1FY23 as compared Rs 3,827.60 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 12.70% in its net profit at Rs 2,758.75 crore for the quarter under review as compared to Rs 2,447.97 crore for the same quarter in the previous year. Total income of the company increased by 39.73% at Rs 28,209.61 crore for Q1FY23 as compared Rs 20,189.29 crore for the corresponding quarter previous year.
