Grasim Industries Limited Reports Strong Q3 2018 Results

By Archana
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    Grasim Industries Limited announced results for the quarter ended December 31, 2017 (Q3 2018), reporting significant growth both at Standalone and Consolidated levels.

    Grasim Industries Limited Reports Strong Q3 2018 Results

    The Standalone PAT (profit after tax) for the third quarter of 2018 is at Rs 474 crore, up by 43% compared to Rs 331 crore in the third quarter of 2017.

    Consolidated PAT, before share in profit/loss of JVs & Associates and minority interest, at Rs 1,125 crore, grew by 22% YoY (year on year).

    The company reported consolidated PAT (including a share in profit/loss of JVs & Associates and after minority interest) for the third quarter of 2018 at Rs 543 crore which is lower compared to the third quarter of 2017 of Rs 717 crore. It is mainly on account of share of the Company in the Net Loss of Idea Cellular Limited, an Associate of the Company.

    The previous year's financial results do not include the results of the erstwhile Aditya Birla Nuvo Limited (ABNL) as ABNL merged with the Company with effect from July 1, 2017, hence not comparable.

    Story first published: Wednesday, February 14, 2018, 14:56 [IST]
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