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Grasim Industries slips after Q4 earnings

Date : 19 May 2017 - 15:15

The result was announced during trading hours today, 19 May 2017.

Meanwhile, the S&P BSE Sensex was down 2.42 points, or 0.01% to 30,432.37.

On the BSE, 66,000 shares were traded in the counter so far, compared with average daily volumes of 53,906 shares in the past one quarter. The stock had hit a high of Rs 1163.25 and a low of Rs 1,100.25 so far during the day. The stock hit a record high of Rs 1,236.60 on 5 May 2017. The stock hit a 52-week low of Rs 781.80 on 21 November 2016.

The large-cap company has equity capital of Rs 93.37 crore. Face value per share is Rs 2.

Grasim Industries` consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) rose 4.44% to Rs 2142 in Q4 March 2017 over Q4 March 2016.

On a consolidated basis, profit before exceptional item rose 26.88% to Rs 3167 crore on 4.44% increase in revenue to Rs 40247 crore in the year ended March 2017 over the year ended March 2016.

Grasim Industries has a leadership positions in cement, viscose staple fibre and chemicals businesses.

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