Grasim Industries soars despite reporting 42% fall in Q3 consolidated net profit
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Grasim Industries is currently trading at Rs. 2155.40, up by 96.75 points or 4.70% from its previous closing of Rs. 2058.65 on the BSE.
The scrip opened at Rs. 2054.40 and has touched a high and low of Rs. 2166.50 and Rs. 2048.50 respectively. So far 113552 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2182.00 on 31-Jan-2024 and a 52 week low of Rs. 1521.92 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2166.50 and Rs. 2048.50 respectively. The current market cap of the company is Rs. 146470.87 crore.
The promoters holding in the company stood at 42.75%, while Institutions and Non-Institutions held 29.21% and 24.12% respectively.
Grasim Industries has reported 8.18% fall in its net profit at Rs 236.31 crore for Q3FY24 as compared to Rs 257.36 crore for the same quarter in the previous year. However, total income of the company increased by 3.53% at Rs 6520.41 crore for Q3FY24 as compared Rs 6298.31 crore for corresponding quarter of the previous year.
On consolidated basis, the company has reported 41.56% fall in net profit at Rs 2603.43 crore for the third quarter ended December 31, 2023 as compared to Rs 4454.59 crore for the same quarter in the previous year. However, total income of the company increased by 1.94% at Rs 32221.97 crore for Q3FY24 as compared Rs 31609.45 crore for corresponding quarter of the previous year.
