Upswing gains momentum, outlook brightens Grasim Industries Ltd, a subsidiary of Aditya Birla Group, is a diversified company with interests in cement, textiles, retail and chemicals. It is also the world’s largest producer and exporter of viscose rayon fibre.
* In Q1FY25, consolidated revenue increased 9.0% YoY to Rs. 33,861cr, aided by steady growth in the building materials, cellulosic staple fibre and financial services businesses.
* EBITDA declined 4.4% YoY to Rs. 4,760cr a...
Buy Grasim Industries Ltd For Target Rs. 3,058 By Geojit Financial Services Ltd
Grasim Industries Ltd. reported standalone revenues of INR68,939mn for Q1FY25, reflecting a 1.9% increase QoQ and a 10.5% increase YoY, driven by strong performance across its diversified business portfolio. The Cellulosic Staple Fibre, Building Materials, and Financial Services segments particularly excelled. However, EBITDA for the quarter declined to INR3,251mn, down 38.3% QoQ and 51.7% YoY, primarily due to investments in the Paints business. The EBITDA margin for the quarter dropped to 4...
Buy Grasim Industries Ltd For Target Rs.2,780 By Choice Broking Ltd
Grasim Industries Ltd. Q2FY24 standalone revenues came at INR64,420 mn, up 3.3% QoQ but down 4.5% YoY. Raw Material cost during Q2 stood at INR33,971 mn vs INR30,977 mn for Q1FY24, up 8.9% YoY. The higher Rm Cost for the quarter had impacted the margins for the quarter. Q2FY24 EBITDA came at INR5,937 mn vs INR6,735 mn for Q1FY24, down 37.9% YoY. The EBITDA for the quarter is net of pre-operative expenses of the new businesses. PAT for Q2FY24 came at INR7,950 mn, up 123.8% QoQ but down 1...
Add Grasim industries Ltd Target Rs.2,100 - Choice Broking Ltd
Maruti Suzuki and Ultratech Cement stocks hit all-time high prices on Thursday, as per BSE data.Maruti Suzuki hit an all-time high of Rs 10,575 on Thursday on the BSE, while Ultratech Cement hit an all-time high of Rs 8,703.BSE 100 stocks that hit a new 52-week high include Axis Bank at Rs 1,022, Bank of Baroda at Rs 213.15, Bharti Airtel at Rs 920, Grasim at Rs 1,953, Hindalco at Rs 508.80, Indusind Bank at Rs 1,466.90, ONGC at Rs 188.80, Tata Consumer at Rs 899, Tata Steel at Rs 134.25, and...
16 large-cap stocks hit 52-week high; Maruti, Ultratech Cement at all-time high
