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( 12 Aug 2022)
Grasim Inds. Q1 net profit jumps 67.89% at Rs 808.56 cr

The company reported standalone net profit of Rs 808.56 crore for the quarter ended June 30, 2022 as compared to Rs 481.59 crore in the same period last year, registering a year-on-year growth of 67.89 per cent.

Net revenue of the company rose substantially by 92.76 per cent at Rs 7,253.04 crore in April-June quarter of this fiscal as against Rs 3,762.68 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 96.29 per cent to Rs 5,932.80 crore from Rs 3,022.45 crore in year ago period.

Other Income dipped by 32.69 per cent at Rs 43.70 crore versus (Jun'21 Rs 64.92 crore).

Operating Profit surged by 78.36 per cent to Rs 1,320.24 crore as against Rs 740.23 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.47 per cent in June quarter.

Interest grew by 49.15 per cent y-o-y to Rs 86.67 crore, while Taxation increased by 115.03 per cent at Rs 213.57 crore (Jun'21 Rs 99.32 crore).