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Stock Report
Grasim Industries Q3 PAT more than doubles to Rs.411.58 Crores
Posted On : 2007-01-23 09:05:47( TIMEZONE : IST )
Grasim Industries Ltd has announced the following Unaudited results for the quarter ended December 31, 2006:
The Company has posted a net profit of Rs 4115.80 million for the quarter ended December 31, 2006 as compared to Rs 1618.70 million for the quarter ended December 31, 2005. Total Income has increased from Rs 16753.30 million for the quarter ended December 31, 2005 to Rs 23237.80 million for the quarter ended December 31, 2006.
The Consolidated Results are as follows:
The Group has posted a net profit (after minority's share) of Rs 5553.90 million for the quarter ended December 31, 2006 as compared to Rs 1953.40 million for the quarter ended December 31, 2005. Total Income has increased from Rs 25500.40 million for the quarter ended December 31, 2005 to Rs 37528.30 million for the quarter ended December 31, 2006.
Grasim Industries Ltd has announced the following Outlook:
Given Grasim's Leadership status in it key business segments and focus on expanding its capacities, the Company is poised for a significant growth in the years ahead. Measures towards cost optimization and effective financial management are also expected to raise the Company’s performance levels further in the years to come.
