Grasim Industries gained 2.64% to Rs 751.30 at 15:22 IST on BSE after consolidated profit after tax surged 76% to Rs 958 crore on 22% rise in net revenue to Rs 18419 crore in Q3 December 2018 over Q3 December 2017.
The result was announced during market hours today, 7 February 2019.On the BSE, 1.47 lakh shares were traded on the counter so far as against the average daily volumes of 66,000 shares in the past two weeks. The stock had hit a high of Rs 757 and a low of Rs 731.05 so far during the day.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 11% to Rs 2958 crore in Q3 December 2018 over Q2 September 2018.
Grasim Industries said that the total capex plan of about Rs 7627 crore (at a standalone level) is under execution for raising capacities in both the VSF and chemical businesses. This capital expenditure will be incurred over FY19-FY21. It will be majorly funded by internal accruals.
Grasim Industries has a leadership positions in cement, viscose staple fibre, financial services and chemicals businesses.
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