Aditya Birla Group Co Reports Steep Dip In Net Profit, Rs 10/Share Dividend

Large cap company operating in diversified sector, Grasim Industries Ltd on Friday announced a steep 89% dip in its standalone net profit at Rs 93.51 crore for the March quarter. Board of directors of Grasim Industries recommended a dividend of Rs 10 per equity share. Grasim Industries share price is Rs 1687.25 apiece with intraday dip of 0.93%. Check details below:

Grasim Industries Declares Dividend: According to the BSE filing of the company, "The Board of Directors has recommended a dividend of 10 per equity share for the year ended 31' March, 2023 (face value 2 each). This is subject to approval of shareholders at Annual General Meeting."

Grasim Industries Stock Performance & Return: Last trading price of Grasim Industries share is Rs 1687.25 apiece on BSE. Grasim Industries share 52-week high price is Rs 1839.30 apiece and 52-week low price is Rs 1276.90 apiece, respectively. The company's market capitalisation is Rs 1,11,093.96 crore. Grasim Industries stock gave return of 21% in last 1-year, 19% in last 2-years, and 216% in last 3-years.

Grasim Industries Q4: The company's revenue from operations surged 4.2% to Rs 6,645.83 crore for the March quarter. It announced that its EBITDA during the quarter declined 43.4% to Rs 426 crore and margin fell steeply by 540 basis points to 6.4%. Meanwhile, other income during the quarter witnessed a surge of 33% YoY to Rs 116.42 crore against Rs 87.4 crore declared in the preceding year. Its total income declared at Rs 6,762.3 crore for the March quarter against Rs 6,463.8 crore reported in the same period last year.

Grasim Industries About: Grasim Industries Limited, a flagship company of the Aditya Birla Group, ranks amongst the top publicly listed companies in India. Grasim has completed 75 glorious years of its existence. Incorporated in 1947, it started as a textiles manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India, according to its official website.