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Grasim Industries Ltd News

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days
Updated On : 21 Jun 2024 | 11:59 AM IST

Grasim Q4 results: Profit rises 15.5% to Rs 2,721.8 cr, revenue up 12.7%

Aditya Birla Group flagship holding firm Grasim Industries Ltd has reported an increase of 15.54 per cent in consolidated net profit at Rs 2,721.81 crore for the fourth quarter ended March 2024, led by strong performance by its cement and financial services business. The company had posted a net profit of Rs 2,355.67 crore during the January-March quarter a year ago, according to a late night regulatory filing by Grasim Industries on Wednesday. Its revenue from operations was up 12.74 per cent to Rs 37,727.13 crore during the quarter under review. It was at Rs 33,462.14 crore in the corresponding period of the previous fiscal. The consolidated revenue was "at its highest levels," said an earning statement from Grasim Industries. Grasim has an exceptional items charge of Rs 538 crore in the March quarter. Its consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter stood "at an all-time high" of Rs 6,196 crore, recording a growth of 27 pe

Grasim Q4 results: Profit rises 15.5% to Rs 2,721.8 cr, revenue up 12.7%
Updated On : 23 May 2024 | 11:45 AM IST

Grasim Industries Q4 results: Net profit rises 15.5% to Rs 2,721.81 cr

Grasim Q4 results: The board recommended dividend of Rs 10 per equity share for FY24

Grasim Industries Q4 results: Net profit rises 15.5% to Rs 2,721.81 cr
Updated On : 22 May 2024 | 11:30 PM IST

Q4 Results Today: Sun Pharma, Grasim, Nykaa Among 32 Firms to Post Earnings

Company Results Q4 FY24: Jubilant, Ramco Cements, NIIT Learning also anticipated to release fourth quarter earnings on May 22

Q4 Results Today: Sun Pharma, Grasim, Nykaa Among 32 Firms to Post Earnings
Updated On : 22 May 2024 | 11:06 AM IST

IFC purchases Rs 1,250 crore worth sustainability-linked Grasim NCDs

Grasim Industries on Tuesday said the International Finance Corporation (IFC) has subscribed to its first sustainability-linked non-convertible debentures (NCDs) worth Rs 1,250 crore. The NCDs will support the company's investment in paint manufacturing, and help accelerate its decarbonisation drive through increased adoption of renewable energy and water recycling in the paint manufacturing process, the AB Birla group company said in a statement. The IFC has subscribed to the first sustainability-linked NCDs worth Rs 1,250 crore issued by Grasim Industries, as per a statement. Recently, the Aditya Birla group entered the decorative paints segment with Birla Opus, and had set a target of becoming a Rs 10,000-crore company within three years of full-scale operations. Grasim will work collaboratively with the IFC to "further enhance our sustainability footprints as it transitions to a low-carbon economy through renewable projects and energy-efficient products", thus aligning its ...

IFC purchases Rs 1,250 crore worth sustainability-linked Grasim NCDs
Updated On : 19 Mar 2024 | 5:48 PM IST

Grasim Industries secures Rs 1,250 cr from International Finance Corp

The investment by IFC, World Bank's private sector arm, will be in the form of a subscription to non-convertible debentures (NCD) issued by Grasim

Grasim Industries secures Rs 1,250 cr from International Finance Corp
Updated On : 19 Mar 2024 | 1:23 PM IST

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus

Further, it aims to become the second-biggest player in the Rs 80,000 crore Indian decorative paints market, which is currently dominated by Asian Paints

Grasim Industries paints Rs 10K cr sales target in 3 years for Birla Opus
Updated On : 22 Feb 2024 | 9:38 PM IST

Grasim enters paint biz with Birla Opus, aims Rs 10k cr revenue in 3 years

The company has also inaugurated three plants of Birla Opus at Panipat (Haryana), Ludhiana (Punjab) and Cheyyar (Tamil Nadu)

Grasim enters paint biz with Birla Opus, aims Rs 10k cr revenue in 3 years
Updated On : 22 Feb 2024 | 1:43 PM IST

Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%

The company will launch Birla Opus Paints Business and inaugurate three Birla Opus Paints plants at Haryana, Punjab and Tamil Nadu today on February 22, 2024.

Grasim gains 2%, hits record high on paint biz launch; Asian Paints dips 2%
Updated On : 22 Feb 2024 | 10:02 AM IST

Cement shares soar up to 17%; ACC, Birla Corp, JK Lakshmi hit 52-week highs

Analysts believe cement demand would remain healthy aided by expedited pre-election government spend, continued focus of infrastructure development.

Cement shares soar up to 17%; ACC, Birla Corp, JK Lakshmi hit 52-week highs
Updated On : 09 Feb 2024 | 3:12 PM IST

Grasim Industries Q3 results: Net profit rises 48% to Rs 1,514 crore

On a standalone basis, the net profit for the quarter was Rs 236 crore in the December 2023 quarter as compared to Rs 257 crore reported in December 2022

Grasim Industries Q3 results: Net profit rises 48% to Rs 1,514 crore
Updated On : 08 Feb 2024 | 9:29 PM IST

Grasim Industries Rs 4,000 crore rights issue over subscribed two-fold

Grasim Industries said its Rs 4,000 crore rights issue has been subscribed nearly two-fold on the final day of subscription on Monday. The company has received a cumulative bid for nearly 4.34 crore shares as against 2.21 crore shares offered by the Aditya Birla Group firm, according to an exchange filing. The rights were issued at Rs 1,810 per share, which was 16 per cent less than the prevailing market price. Shares of Grasim Industries Ltd on Monday settled at Rs 2,103.05 on BSE, up 1.37 per cent from previous close. In a separate filing to stock exchanges, Grasim Industries said it has repaid Rs 600 crore to investors of its commercial paper which matured on Monday. Grasim Industries' right issues opened on January 17. Earlier on January 4, the board of Grasim Industries had approved raising of Rs 4,000 crore through a rights issue to fund its next phase of growth by issuing 2.21 crore shares having face value of Rs 2, with a premium of Rs 1,810. In October last year, Grasim

Grasim Industries Rs 4,000 crore rights issue over subscribed two-fold
Updated On : 29 Jan 2024 | 11:07 PM IST