Grasim Industries registers earnigs decline in Q2

The company's net revenue came in at Rs4,797cr vs. Rs5,118cr in Q2FY19.

Nov 14, 2019 09:11 IST India Infoline News Service

Grasim Industries
Grasim Industries announced its Q2FY20 results today. 

The overall earnings of the company declined vs. the corresponding quarter previous year. The company's net revenue came in at Rs4,797cr vs. Rs5,118cr in Q2FY19. The company's PAT at Rs526.49cr was lower compared to Rs816.69cr registered in Q2FY19.

Key highlights of the quarter are as follows:
  • Consolidated Revenue and EBITDA up by 3% & 7% on YoY basis respectively.
  • Global prices of VSF softened further on account of capacity overhang and continuing U.SChina Trade war.
  • Global Caustic Soda prices remained sluggish on account of weak demand in China and Asia.
  • Chlorine realization in India turned negative for two consecutive quarters led by excess supply from new domestic capacities.
  • Grasim participated in Corporate Sustainability Assessment by Dow Jones Sustainability Index.
  • (DJSI) and scored higher than the global Industry average.
  • Joint Venture with Maschinenfabrik Reinhausen GmbH (“MR”), Germany for the manufacture and sale of Composite Hollow Core Insulators.
Grasim Industries Ltd is currently trading at Rs738.15 down by Rs0.9 or 0.12% from its previous closing of Rs739.05 on the BSE.






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