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Hot Pursuit News

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(23 May 2024, 14:13)

Grasim Inds PAT rises to Rs 1,370 crore in Q4 FY24

Grasim Industries’ consolidated net profit rose marginally to Rs 1,369.82 crore in Q4 FY24 from Rs 1,368.92 crore in Q4 FY23.


Revenue from operations increased 12.75% year on year (YoY) to Rs 37,727.13 crore in the quarter ended 31 March 2024.

Profit before exceptional items and tax was at Rs 4,497.83 crore in the March 2024 quarter, registering a growth of 31.71% on YoY basis. The exceptional loss during the quarter stood at Rs 569.36 crore.

During Q4 FY24, EBITDA grew 27% to Rs 6,196 crore as against Rs 4,873 crore posted in same period last fiscal. EBITDA margin improved to 16% in March 2024 quarter as compared to 14% recorded in Q4 FY23.

The cement maker stated that the consolidated performance was driven by cement and financial services business.

On the segmental front, building material business stood at Rs 20,918.55 crore (up 11.25% YoY), financial services business stood at Rs 10,483.77 c...

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